This episode of the PropMedia podcast features Brendan Hsu, co-founder of Aerial Canvas and Acre Partners. Brendan discusses his journey from fixing phones in a college apartment to building Aerial Canvas into a $7 million per year business. He also shares insights from his coaching company, Acre Partners, which helps real estate media agencies scale their businesses.

Brendan talks about the importance of a compelling offer and how Aerial Canvas pioneered the bundled real estate media services. He also shares why cold calling and "whale hunting" for top-producing real estate agents was a key to their success. A major theme is the shift in mindset from focusing on vanity revenue metrics to optimizing for profitability and building a business that can run on autopilot.

Chapter Markers:

• 00:00 - Introduction to the PropMedia Podcast and Brendan Hsu
• 00:40 - The moment Aerial Canvas became a "real thing"
• 01:01 - The entrepreneurial drive for growth and hitting the first million
• 01:39 - Achieving business "autopilot" as a key milestone
• 02:57 - What does $7 Million in revenue look like for Aerial Canvas?
• 03:33 - Aerial Canvas's geographic footprint
• 04:30 - The offer and partnerships that fueled Aerial Canvas's success
• 05:29 - Pioneering the bundled media services offer
• 05:40 - Scaling a real estate media business outside of major markets
• 07:13 - Winning over top agents through cold calling and hustle
• 10:19 - "Whale Hunting" vs. "Net Fishing" for clients
• 12:54 - Building Aerial Canvas vs. Building Acre Partners
• 14:14 - Who is the ideal candidate for Acre Partner coaching?
• 17:04 - The outcome of putting a business on autopilot
• 17:57 - The mindset shift from solopreneur to scalable business owner
• 19:19 - Why real estate media is a good market for a scalable business
• 23:37 - Shifting from a focus on revenue to optimizing for profit
• 25:10 - Managing growth, recession, and the risks of scaling too fast
• 27:57 - Target budget percentages for a profitable media company
• 28:51 - Making sacrifices and committing to growth
• 29:59 - Coaching to a budget model and financial literacy
• 32:49 - Lessons learned from "pulling an Aerial Canvas"
• 34:42 - Planning an exit strategy and building enterprise value
• 35:39 - The commitment required after hiring a team
• 38:36 - The difference between a Lamborghini and a Tesla business model
• 41:26 - Why you don't need to be a genius to scale
• 43:10 - Mergers, acquisitions, and the power of consolidation
• 43:51 - The easiest way to double your business
• 45:14 - Where to follow Brendan Hsu and Acre Partner