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How to Reinvest Business Profits: I Sold a Company and Kept None of the Money

I sold my gutter cleaning business for six figures and spent every dollar on dumpsters within a week. Most owners defer gratification for 'bigger.' I was buying my way out of my own business โ€” and that filter changed every decision for six years.

Three years into building my junk removal company, I had a gutter cleaning business running alongside it. Same customers, same neighborhoods, same trucks. We cross-sold constantly. It was recurring, predictable, and about as easy as money gets in this industry.

A national company expanding into our area made an offer. I sold it for a nice six figure deal.

I didn't take a bonus. I didn't buy myself a truck. I didn't take my wife anywhere (we're still married, don't worry ๐Ÿคฃ).

I bought dumpsters. Every single last dollar of it.

I was 20-something, I'd just been handed the biggest check of my life, and I let it sit in my account for about a week before it was gone again.

I'd do it again tomorrow.

Most people delay gratification for nothing

Every owner you know is deferring something. Skipping the paycheck. Reinvesting. Grinding now for later. And if you ask them what later actually looks like, you get some version of "bigger."

Bigger revenue. More trucks. More crews. More of exactly the thing that's already eating them.

That's not delayed gratification. That's a treadmill somebody forgot to set a timer on.

I knew precisely what I was buying with that check. Not scale. Not an empire. Not an exit multiple.

I was buying my way out of my own business.

That was the finish line from day one, and it changed every decision I made for six years.

Learn with small money

I started young on purpose.

End of high school I cashed in my savings bonds โ€” about $1,700, which was a fortune to me โ€” and put it in the stock market. Read every investing book I could get. Made a pile of stupid decisions with it.

That was the point. Learn with small money, make small mistakes. The risk is smaller, the lessons are cheaper, and by the time real money shows up you're not the same guy who lost the small money.

I'm 38 now. If I invested today the way I invested at 19, I'd be on Poor Street.

Same logic on the business. Mid twenties, no kids, no big mortgage โ€” my wife and I owned a small condo. Tiny consequences. That's the window to take real swings, and it closes fast.

"Reinvest everything" is useless advice

It's the most repeated line in business content and it's half a sentence.

Reinvest into what?

Because most owners hear it and go hire more people. Which means more managing. Which means more of you in the building, not less. That's not an investment, that's a longer chain bolted to the same wall.

I ran every purchase through one filter:

Does this make the company need me less, or more?

Dumpsters โ€” less. Hook-lift trucks โ€” less. Training that lives in a document instead of in my head โ€” less. A new service line that only works if I'm the one selling it โ€” more. Didn't build it. Even when it would've made money faster.

That filter is the whole thing. You're not just delaying the reward. You're aiming the money at the asset that eventually hands you the reward for free.

The job you shouldn't quit

I worked full-time while I built Junk Pros for the first 4 years. That's not a footnote โ€” that's the entire strategy.

The job carried my life so the business didn't have to. Which meant the business never had to make a desperate decision. It could take risks. It could wait. It could reinvest instead of feeding me (literally).

For the first four years I took no salary. Some cash here and there. Nothing close to an actual paycheck.

People ask me when you should finally start paying yourself. Wrong question. You get paid twice, and they're not the same check.

The worker gets a wage. If you're driving, quoting, dispatching, answering the phone โ€” that's a job, and jobs cost money. Pay it from day one at market rate, what you'd have to pay somebody else to do it. That's not profit. That's the cost of the labor. Leave it out and your margins are lying to you.

The owner gets what's left after the wage is paid. That's your return for carrying the risk and building the thing. And that check only happens when the business runs without you in the critical seat and still has margin to grow.

Not when you're tired of waiting. Not when your wife is tired of waiting. When the math says it can survive you leaving the chair.

And if you're 45 with a mortgage and three kids reading this thinking you missed the window โ€” you didn't. The trade is identical, the pace is different. Keep the job longer. Build slower. Buy fewer assets, more carefully. Protect the people depending on you while the thing gets its legs under it.

Starting older is not the disadvantage. Starting older and pretending you're 22 is.

What the years actually bought

I'm 38. I live in Florida. The company runs in Connecticut, about 1,200 miles away. It does about $2 million a year. I spend less than an hour a day on it.

I've got four kids. We homeschool. I'm there for the whole day โ€” I love it.

That's what the gutter check bought. Not a boat. Not a watch. Not a nicer truck at 28 that my friends would have noticed.

And I'm not going to pretend that part was easy. I watched those friends climb the corporate ladder โ€” better cars, better vacations, better everything on paper โ€” while I drove something embarrassing and took home nothing. It sucked. For years.

But they were buying a lifestyle.

I was buying the ability to not need one.

The trade was never money versus time

That's the lie this entire industry runs on. Pick one. Get rich or be present. Build the business or have the family. Every loud voice in entrepreneurship is selling you that choice, and they're selling it because they made it.

It was never that choice.

It was money now versus time forever.

Years of small money bought me a decade of being home, and it's still paying. The sacrifice isn't the point. The sacrifice is the price.

Just make sure you know what you're buying with it. The mechanics of aiming reinvestment at systems instead of headcount are in building business systems โ€” and the full playbook on this exact trade is the follow-up to Beyond Breaking Even: The Science of Scaling.

โœŒ๏ธ


Want an honest read on whether your reinvestment is buying freedom or a longer chain?

I built Adimize for operators making the same trade I made. Tell me what you're putting money into this year and I'll tell you which purchases pass the needs-me-less filter.

Get Justin's Take โ†’

โ€” Justin

This started as an issue of my weekly newsletter for haulers โ€” subscribe to The Haulers Edge.

From the Desk of Justin Hubbard

One move a week, every Sunday.

Short, useful, written from inside a $2M home service company. Read by 2,000+ service business owners.