Acquiring Minds Will Smith

Register here for the webinar, How to Buy a Business & Hire an Operator at Once
https://bit.ly/3KJnYwg
7 years ago Dan Verboski bought a sign business with $650k in earnings. He's doubled it, but ownership has taken a toll.
Topics in Dan’s interview:
Background in the Marines and retailBuying a sign company in Tyler, TexasCulture clashes and problem employeesSelling off his real estate to keep the business goingHow he learned to fire fasterBuilding a new company cultureMaking personal changes to recover from burnoutStanding out by answering the phoneWhat he would do differently next timeHis growth as a leaderReferences and how to contact Dan:
LinkedInTwitterLeon’s Signs Inc.ETA Circle in Houston, where Dan will be appearing on July 10thGet a complementary pre-acquisition HR & PEO review for your target business:
Contact mark@aspenhr.com or visit Aspen HRLearn 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

Register here for the webinar, How to Buy a Business & Hire an Operator at Once
https://bit.ly/3KH9RaSWill Smith has partnered with Niklas James & Max Lummis in a fund to invest in searcher & independent sponsor deals.
Topics in this episode:
Why raise a fund?How a fund comes togetherWhat it was like to raise money from LPs for a blind poolWhy a business might be great for a searcher but not an investorHow different investors have different needsWhy small acquisitions are hard for a fund to invest inValue of community in a fundMinds Capital’s process to assess dealsEvaluating deal strengths systematically“Best deal of the month” filterReferences and how to contact Niklas, Max and Will:
Minds Capital (to learn more & submit a deal)Minds Capital page for investorsMax LummisNiklas JamesWill SmithWork 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 TeamConnect with Acquiring Minds:
See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

Register here for the webinar, How to Buy a Business & Hire an Operator at Once
https://bit.ly/3Rto4Mc--
Get Remediation Company CIM - Request the NDA to get the CIM of the Midwestern niche remediation company.
https://bit.ly/45spnAI--
Before acquiring a commercial painting business doing around $2m, Colin Gates worked on a crew as one of its painters.
Topics in Colin's interview:
Aggressively saving while working in private equityRecurring revenue is BSDon’t sweat getting the perfect purchase priceWorking as a painter for a month before buyingManaging prima donna employeesHis strategy of constantly bidding jobs and hiring Putting in a project manager and a GMWhy he stopped requiring depositsThe seller staying on as an employeeImportance of cash flow in keeping a business goingReferences and how to contact Colin:
LinkedInTwitterMastercraft Coatingsmastercraftcoatingsfl@gmail.comSmithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
Smithlist - Operate & Lead a BusinessGet a complementary pre-acquisition HR & PEO review for your target business:
Contact mark@aspenhr.com or visit Aspen HRLearn 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

Register here for the webinar, How to Buy a Business & Hire an Operator at Once
https://bit.ly/3RuI018--
Get Remediation Company CIM - Request the NDA to get the CIM of the Midwestern niche remediation company.
https://bit.ly/4b6rnjA--
JD Beck transformed a small (and small-town) plumbing business, took it into a larger market, and tripled it in a year.
Topics in JD’s interview:
Lessons learned from a failed dealBuying a tiny plumbing businessBringing operations into the 21st CenturyLearning from hiring mistakesExpanding through further acquisitionRaising prices and employee payMaking sacrifices to run the businessCompetitive landscape in home servicesHome services pricing modelsYour reputation determines the talent you attractReferences and how to contact JD:
Ben Rizzo’s EpisodeNick Patrick’s episodeTwitterMountain Valley Plumbingjd@mtnvalleyplumbing.comLinkedInSmithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
Smithlist - Operate & Lead a BusinessWork 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 TeamConnect with Acquiring Minds:
See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

Elliott Edge started as a searcher looking for a single business, then pivoted to a roll-up. He's 7 acquisitions in.
Topics in Elliot’s interview:
His philosophy on submitting LOI’sAcquiring a managed service provider amidst CovidHis wife’s role in the acquisitionValue of an MBA in acquiring a businessQuickly going remote when Covid hitBuilding trust with employeesHow soon and fast to make changesCreating more value through roll-upsIntegrating new acquisitions into the roll-upHis belief in continuous changeReferences and how to contact Elliot:
Recording of the The Anatomy of an LOI webinar with Sam RosatiLinkedInVelonex TechnologiesSmithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
Smithlist - Operate & Lead a BusinessWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Matthias Smith of Pioneer Capital AdvisoryGet a complementary pre-acquisition HR & PEO review for your target business:
Contact mark@aspenhr.com or visit Aspen HRConnect with Acquiring Minds:
See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

Register here for the webinar, The DO's & DON'Ts of the LOI (legal office hours)
https://bit.ly/3VeWF1B
Matt Pohl & his wife bought a small welding business with extreme key person risk. They 4x'd the business in 2 years.
Topics in Matt’s interview:
Starting, growing and selling his own businessAcquiring a welding business with his wifeLearning how to hire weldersThe difficulties of hiring through a staffing agencyTransient nature of weldersGrowing while maintaining marginsStress of running a businessComparing zero-to-one to acquisitionCashflow management in a project-based businessUsing ReWild’s methods to grow the businessReferences and how to contact Guest:
mpohl@rewildgroup.comLinkedInThe Rewild GroupSmithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
Smithlist - Operate & Lead a BusinessLearn more about Walker Deibel's done-with-you buy-side advisory:
The Acquisition LabGet 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