Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week...
How to Move the Needle in a $600k SDE Trades Business
Register for the webinars:5 Stages of the Business Buying Process - Thu Feb 6 - https://bit.ly/3En1vFuLegal Aspects of Debt Financing - Thu Feb 13 - https://bit.ly/3EjjOex7 months into ownership of a $2m fencing business, Kirk Olson is learning how to manage culture, tech, and cash flow.Topics in Kirk’s interview:Achieving financial independence, but deciding not to retireBuying a business for a total life upgradeNegotiating with very difficult sellersStructuring real estate into the dealReturning after the first deal diedSales dropping after the transition Learning to calculate the cost of a jobIntroducing a CRM and ditching the faxMaking Mike’s Fencing a great place to workTurning on digital marketingReferences and how to contact Kirk:[email protected]’s FencingJohn Murphy’s episode: The Double Life of Owning a Business 2.5 Hours AwayGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or [email protected] and mention Acquiring MindsDownload the New CEO’s Guide to Human Resources from Aspen HR:From this page or contact [email protected] complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter
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1:41:13
Awakening to Entrepreneurship to Buy a Not-Boring Business
Register for the webinars: Legal Preparation for Your Search - Thu Jan 30 - https://bit.ly/4hlhlic5 Stages of the Business Buying Process - Thu Feb 6 - https://bit.ly/3QautetWhen Shell Zhang recognized her own tolerance for risk she stepped off a linear path to buy a $600k SDE travel business.Topics in Shell’s interview:Buying a group tour businessOvercoming key-person riskGoing from a regional company to a national companyAvoiding “boring businesses”Paying over asking price for the businessWhy payment processors consider her business “high risk”Starting from zero with online marketingWhat her clients love about the businessPossible areas for growthHer goal of redoing the websiteReferences and how to contact Shell:LinkedInNada’s ItalyLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabGet a complimentary IT audit of your target business:Email Nick Akers at [email protected], and tell him you’re a searcherDownload the New CEO’s Guide to Human Resources from Aspen HR:From this page or contact [email protected] with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter
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1:41:35
How a Couple Left Tech to Buy a Business Together
Register for the webinars: Legal Preparation for Your Search - Thu Jan 30 - https://bit.ly/4heHi355 Stages of the Business Buying Process - Thu Feb 6 - https://bit.ly/4h7HOQjRay & Dana Chery sensed a need for change in their careers. A 26-year-old portable sink manufacturer was the answer.Topics in Dana and Ray’s interview:Going all-in as a couple buying a businessHow they beat out 50 other buyersMoving from the finance world to manufacturingBuying a portable sink manufacturerHow Ray applies his banking skillsRevamping the website and logoOpportunities to sell to more school districtsChallenge of prioritizing tasks at the businessTheir vision to grow the company to 8 figuresWide variety of use cases for portable sinksReferences and how to contact Dana and Ray:Ray’s LinkedInDana’s LinkedInMonsam Portable SinksWill Gano on Acquiring Minds: After 4 Years of Part-Time Searching, SuccessWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:Matthias Smith of Pioneer Capital AdvisoryGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or [email protected] and mention Acquiring MindsConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton RohozovProduced by Pam Cameron
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1:16:36
How to Survive Buying into a Terrible Industry
Register for the webinar: •Legal Preparation for Your Search - Thu Jan 30 - https://bit.ly/3CbswuPMonths into his ownership, Ayo Phillips realized his industry was fatally flawed. He survived and 5 years later, exited.Topics in Ayo’s interview:Acquiring with funding from a family officeBuying a declining business in a competitive industryUnethical practices within his industryBeing honest about your motivation to buy a businessLosing 19 employees who became competitorsTreating his business like a startupPivoting from countertops to drivewaysThe toll the business took on his familySuccessfully exiting the businessHis 16 Commandments of SearchReferences and how to contact Ayo:The 16 Commandments of Acquisition EntrepreneurshipLinkedInTwitterOperators CoachTwitter threadLP First CapitalThomas InceGet a complementary pre-acquisition HR & PEO review for your target business:Contact [email protected] or visit Aspen HRGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or email [email protected] and mention Acquiring MindsGet a complimentary IT audit of your target business:Email Nick Akers at [email protected], and tell him you’re a searcherConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterCredits:Edited by Anton RohozovProduced by Pam Cameron
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2:03:37
The $50m Lifestyle Holdco
Register for the webinars: •Is It a Fair Multiple? The Art of Making Your Offer - Wed Jan 22 - https://bit.ly/4asGoxw •Legal Preparation for Your Search - Thu Jan 30 - https://bit.ly/3CbswuPAbhi Ravishankar & 3 partners devised a novel holdco structure to prioritize flexibility, cash flow, and the long term.Topics in Abhi’s interview:Going from BCG partner to small business buyerStarting a holdco with 3 friendsTheir primary and secondary partner modelSetting up contingency plans in their operating agreementGoal of spending more time with familyNot taking on investorsQuickly learning about potential industriesClosing on a pool business in 6 weeks4 add-ons in 18 monthsAcquiring 2 ShelfGenie franchise locationsReferences and how to contact Abhi:LinkedInTwitterMarc Nzojibwami’s episode: The Model for a 3-way Longterm HoldcoGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:Matthias Smith of Pioneer Capital AdvisoryLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter
Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business.
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