Ron Holt


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Ron Holt is an American entrepreneur. Ron started Two Maids & A Mop in 2003 and is based in Birmingham, AL.[1]

Ron Holt, founder of Two Maids & A MopRon Holt, founder of Two Maids & A Mop

Company

Two Maids & A Mop

Twitter

@twomaids (370 followers)

Instagram

@ron1holt (180 followers)

Career

Early Career

No early career info added yet...

Two Maids & A Mop

Ron started Two Maids & A Mop in 2003. They detail the beginnings of their company in their Starter Story interview: [1]

Q: How did you get started on Two Maids & A Mop?

I can still remember my first day on the job. I had just been hired as a Chemist for a particle analysis laboratory.

The job made a lot of sense at the time. I had recently graduated college with a Biology degree, and there’s only so many careers the degree can take you. So I took the first job offer that was presented to me and proudly bragged about my $22,500 annual salary. It seemed like so much money at the time, and I just knew that I was going to climb the corporate ladder quickly.

On that first day, I sat in the corner of the lab and listened to my supervisor talk about the stock market. I didn’t understand the conversation at all. What was a P/E ratio? Why did these science nerds care so much about financial ratios anyway? I didn’t understand it, but I wasn’t about to be left in the cold when the subject was discussed again. So I left during lunch break and headed to the local bookstore inside the mall. Yeah, I know… I’m old.

I didn’t know where to start so I decided to just pick up a random book on investing. It was a book about a man named Warren Buffett. You may have heard of him, but he was a stranger to me. I read a few paragraphs and decided the book was purchase-worthy. I went home later that evening and started reading the book. And quite frankly, my life has never looked the same since that day.

I fell in love with Warren Buffett that night. I couldn’t believe what I was reading. This guy made it seem so easy. Live frugally, make smart financial decisions, own a business and dream big. It seemed so simple. I literally changed as a person that evening, and decided the rest of my life was going to be different. I was 22 years old and time seemed like it could be my friend.

I made a decision to start a business right then and there. Only one big issue: I had no money. So I created a completely random goal to save $150K before starting the business. I had less than $1K in my bank account at the time, and my $22,500 annual salary didn’t seem like much of a blessing any longer. I sat down and created a plan of attack to save money at all costs, take second jobs on the weekends/evenings, have side hustles to generate extra cash and to completely crush corporate America in hopes of promotions and pay raises.

My plan seemed so realistic, until one month later when my bank account still held less than $1K. I decided to use my inner science-nerd and create a step by step solution to the cash flow puzzle. I needed $150K, and wanted to open a business before I turned 30 years old. That’s eight years if you’re counting. I won’t bore you with the math, but my solution was to simply save $330 every single week for the next eight years. That’s nearly $140K if you’re counting at home. I felt my keen investing skills could get me over the finish line with a little help from compound interest.

So that’s what I did, every single week for the next seven years. Worked, saved, sacrificed my way to achieving that weekly goal of walking into the bank and dropping off $330. I hit the $150K mark when I was 28 years old, two years earlier than expected. And when that day happened, I left corporate America, moved to Florida and opened the very first Two Maids & A Mop. It felt so good, almost as good as when I walked back into that laboratory and started talking P/E ratios with the chemical engineers.

how-warren-buffett-inspired-a-lifelong-journey-creating-a-25m-cleaning-empire

Source [1]

References