Acquiring Minds

Will Smith

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

  1. "Life is Just Brighter" in a $1.2m Distribution Business

    HACE 10 H

    "Life is Just Brighter" in a $1.2m Distribution Business

    Joseph Cruz left a lucrative job in finance to pursue business ownership. Year 1 has gone well (despite losing his GM). Register for the webinars:  What Type of Franchise Is Right for You? - TOMORROW!! - https://bit.ly/48gn6eHThe Operator’s Perspective: Running a Business for an Owner - Thu, Apr 9 - https://bit.ly/4m7lSZ7Topics in Joseph’s interview: Growing up in a Filipino immigrant familyWhy aging infrastructure creates long-term opportunityThe laundromat that started it allRunning an “oh sh*t” business Construction seasonality in ChicagoLast-minute GM retirement before closingRunning the business while still working his W-2 jobThe scramble to digitize knowledge stuck in employees’ headsBuilding systems, vendor lists, and shared documentationSetting the company’s “emotional temperature” as the ownerReferences and how to contact Joseph: LinkedInA&A LinkedInA&A Equipment and Supply Co. Articles by Joseph: From Spreadsheets to Steel-Toed Boots: Lessons from the First Few Months as an EntrepreneurSmall Businesses are Small for a Reason: What It Really Takes to Modernize a 40-Year-Old Distribution BusinessThe Real Work Begins: Midway Through My First Year as a Business OwnerTop 10 lessons from my first year of owning a businessDownload the New CEO’s Guide to Human Resources from Aspen HR: From this page or contact jenny@aspenhr.comWork with an SBA loan team focused exclusively on helping entrepreneurs buy businesses: Pioneer Capital AdvisoryIf you’re serious about buying a business, learn why Acquisition Lab members have a 40% success rate: The Acquisition LabConnect 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

    1 h 53 min
  2. How to Acquire 25 Franchise Units in 2.5 Years

    30 MAR

    How to Acquire 25 Franchise Units in 2.5 Years

    Jack Foster & Jake McLaughlin raised $2.8m to buy 10 Meineke stores. That equity has taken them further than expected. Register for the webinars:  Offshore Talent vs. AI for Business Buyers - TOMORROW!! - https://bit.ly/4bAIbTjQuality of Technology (QoT) Report: Protecting Your Acquisition - Thu, Apr 2 - https://bit.ly/4rUHngLTopics in Jack and Jake’s interview: Childhood friends turned business partnersLeaving Goldman Sachs, KKR, and Baird for entrepreneurshipWhy they chose the franchise roll-up modelConsolidating units within the Meineke systemApplying a first-principles approach to an unfamiliar industryPaying royalties as the price of product-market fitTechnician recruiting advantages of a strong franchise brandWhy they passed on car washes and quick lubeThe real timeline of the EV threat to auto repairBuying real estate and using sale-leasebacks for growth capitalReferences and how to contact Jack and Jake: Jack Foster’s LinkedInJake McLaughlin’s LinkedInMeinekeGet a free review of your books & financial ops from System Six (a $500 value): Book a call with Tim or hello@systemsix.com and mention Acquiring MindsDownload the New CEO’s Guide to Human Resources from Aspen HR: From this page or contact jenny@aspenhr.comGet 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 TwitterEdited by Anton Rohozov and produced by Pam Cameron

    1 h 54 min
  3. Turning $25k into a $3.2m Exit in Under 4 Years

    26 MAR

    Turning $25k into a $3.2m Exit in Under 4 Years

    Corey Mullins had worked in the trade over a decade when he bought a tiny, failing HVAC business for its phone number. Register for the webinars: What Actually Makes a Good Deal? Patterns from 1,000+ Transactions- TODAY!! - https://bit.ly/4m4gsy5Offshore Talent vs. AI for Business Buyers - Tue, Mar 31 - https://bit.ly/4uW6rXGTopics in Corey’s interview: His 20-year career in HVACFailed buyout of the family businessSimultaneous launch and acquisitionBuying a truck and a phone numberBuild-to-sell philosophyGrowth through online marketingWaiting too long to hire managersTaking vacations no matter whatEvolution of the “Trade Dad”Exiting to private equity in under 4 yearsReferences and how to contact Corey: completeairquality@gmail.comCool By DesignPatrick LangePatrick Norris on Acquiring Minds: Buy & Build a Trash Business to a $4.4m ExitWork with an SBA loan team focused exclusively on helping entrepreneurs buy businesses: Pioneer Capital AdvisoryGet a complimentary IT audit of your target business: Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcherGet a free review of your books & financial ops from System Six (a $500 value): Book a call with Tim or hello@systemsix.com 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

    1 h 27 min

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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

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