135 episodes

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.

Also on YouTube:
https://www.youtube.com/@AcquiringMinds

Sign up for episode summaries at:
https://acquiringminds.co

Acquiring Minds Will Smith

    • Business
    • 5.0 • 5 Ratings

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.

Also on YouTube:
https://www.youtube.com/@AcquiringMinds

Sign up for episode summaries at:
https://acquiringminds.co

    Back to a W-2: When Business Ownership Isn't the Way

    Back to a W-2: When Business Ownership Isn't the Way

    Damon Chlarson takes a job in tech sales, despite having improved the business he bought & surviving a tough year. 
    Topics in Damon’s interview:

    Damon bought Pacific Insulation Supply, an online wholesaler
    Difficulties in scaling the insulation business. 
    Overview of sales in the first year 
    Getting a regular W-2 job again 
    New systems he put in place at the business 
    Training his sales team
    The challenges of working from home
    How he runs a business with bipolar disorder
    Fluctuation in demand for home renovations 
    Managing a sales team in the Philippines
    Damon's original appears on Acquiring Minds:
    Nailing the Trifecta: B2B + Remote + Scalable - Acquiring MindsLinks and how to contact Damon:

    Pacific Insulation Supply
    Twitter
    Learn more about Walker Deibel's done-with-you buy-side advisory:
    The Acquisition Lab Get 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 channel

    Connect with host Will Smith on LinkedIn

    Follow Will on Twitter

    • 37 min
    How to Buy and 2x a Subcontractor Business

    How to Buy and 2x a Subcontractor Business

    Brenden Van Buren is growing his fencing business, despite the industry's notorious cyclicality & project-based revenue. 
    Topics in Brenden’s interview:

    Brenden’s family history in the construction business
    Co-founding Generational Transfer Entrepreneurs 
    The pros and cons of having a pipeline when starting search
    Why the perfect relationship is better than the perfect business
    The risks associated with construction companies
    Acquiring Pro Max Fence Systems
    How he doubled sales in 4.5 years
    The top mistakes searchers make regarding time management and communications
    The advantages of proprietary search
    Self-funded vs. traditional search
    References and how to contact Brenden:

    Pacific Lake
    Bringing Down the House
    Generational Transfer Entrepreneurs
    Pro Max Fence Systems
    LinkedIn
    Overhaul your website with ongoing support & unlimited edits, all for a flat monthly fee:
    EversiteConnect with A-players who can run your business remotely:
    More StaffingConnect with Acquiring Minds:

    See past + future interviews on the YouTube channel

    Connect with host Will Smith on LinkedIn

    Follow Will on Twitter

    • 1 hr 22 min
    One Year Later: Holdco Grows to $75m in Total Revenue

    One Year Later: Holdco Grows to $75m in Total Revenue

    Justin Turner returns with details on 2 new acquisitions by his holdco Traction, plus updates on the existing 4 portcos. 
    Topics in Justin’s interview:

    Justin helps run investment firm Traction Capital Partners
    How Traction is different from Private Equity
    The risks of buying into a franchise network
    How he bought one of his vendors
    Lessons learned from buying 6 businesses
    Driving sales in a disaster restoration business 
    Doubling revenue in 5 years for a Fire Department supply business 
    Facing the post-Covid economic downturn
    Rising competition for acquiring a business
    Trends in the blue and white collar labor market
    Justin's original appears on Acquiring Minds:
    How to Build a Holdco (4 Acquisitions So Far)Links and How to Contact Justin:

    LinkedIn 
    Twitter
    Traction CP
    Get complimentary due diligence on your acquisition's insurance & benefits program:
    Oberle Risk Strategies - Search Fund TeamLearn more about Walker Deibel's done-with-you buy-side advisory:
    The Acquisition LabConnect with Acquiring Minds: 

    See past + future interviews on the YouTube channel 
    Connect with host Will Smith on LinkedIn 
    Follow Will on Twitter

    • 53 min
    How to Build a Holdco Around Company Culture

    How to Build a Holdco Around Company Culture

    Michael Arrieta's holdco has made 3 acquisitions since 2020. Sales & culture, not tech, have proven to be the key levers. 
    Topics in Michael’s interview:       

    How he built the holding company Garden City
    Why he is drawn to service businesses
    His experience with fast-growth startups in Silicon Valley
    How he almost doubled EBITDA in less than a year
    The mistakes he made with his first acquisition
    The 3 ways he finds companies to buy
    How he improves workplace culture in the service industry
    How Garden City adds value to their companies
    How to carefully add new technology after acquisition
    Why he is recruiting searchers to run businesses
    References and how to contact Michael:

    Michael Arrieta's Twitter

    Michael Arrieta's LinkedIn


    Excellence Wins by Horst Schulze
    Brent Beshore's Twitter

    Garden City
    Connect with A-players who can run your business remotely:
    More StaffingOverhaul your website with ongoing support & unlimited edits, all for a flat monthly fee:
    EversiteConnect with Acquiring Minds:

    See past + future interviews on the YouTube channel

    Connect with host Will Smith on LinkedIn

    Follow Will on Twitter

    • 1 hr 18 min
    Honeymoon, Darkness, then Light

    Honeymoon, Darkness, then Light

    After a rollercoaster year in his appliance repair business, John Schooler returns with scars, wisdom, and optimism. 
    Topics in John’s interview:

    John bought an appliance repair business 14 months ago
    How he runs a repair business without having repair skills
    The disaster that took away 20% of revenue overnight
    Why running a business is harder than a marathon
    The pros and cons of working with home warranty companies
    What he would do differently from day one
    What he learned about retaining employees
    His role in day-to-day operations
    His system for training technicians
    John's original appearance on Acquiring Minds:
    Buying a Business & Having a BlastLinks and how to contact John:

    Twitter
    LinkedIn
    Appliance Professional
    Twitter thread mentioned
    Reg Zeller
    Overhaul your website with ongoing support & unlimited edits, all for a flat monthly fee:
    EversiteGet 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 channel 
    Connect with host Will Smith on LinkedIn 
    Follow Will on Twitter

    • 44 min
    Growing a Small 1st Acquisition into a Holdco Platform

    Growing a Small 1st Acquisition into a Holdco Platform

    Andrew Hitchings bought a $250k SDE cooling biz. It has grown 3x and will now fund a 2nd acquisition, with more to come. 
    Topics in Andrew’s Interview:

    Andrew and his wife bought a home ventilation business in April 2020
    How 7 months on a motorcycle prepared them for running a business together
    His history in the Army, business school, and McKinsey & Company
    How his business partner Max improved employee training
    Why he looks at the P&L every day
    Expanding their seasonal business to a year-round business
    How they mitigated the risk of buying a business with a single employee
    Three things a business owner should focus on
    Why they hire for character, not experience
    His strategy for building a holdco
    References and how to contact Andrew:

    LinkedIn
    His partner: Marcela Fernandez

    His other partner: Max Williams

    Colorado Home Services
    HBR Guide to Buying a Small Business
    Greg Ambrosia
    Chenmark
    Connect with A-players who can run your business remotely:
    More StaffingLearn more about Walker Deibel's done-with-you buy-side advisory:
    The Acquisition LabConnect with Acquiring Minds:

    See past + future interviews on the YouTube channel

    Connect with host Will Smith on LinkedIn

    Follow Will on Twitter

    • 1 hr 26 min

Customer Reviews

5.0 out of 5
5 Ratings

5 Ratings

saadinxs ,

Fantastic resource

Great podcast, meticulously researched and he asks all the right questions. Really enjoyable and informative

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