Acquiring Minds

Will Smith
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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

  1. Buying a Business to Balance Ambition and Kids

    53 MIN FA

    Buying a Business to Balance Ambition and Kids

    Constrained in her job and seeking more time for her kids, Ana Lia Barragan bought a $385k/yr, 30-year-old business. Register for the webinars:  Your First Finance Hires After Buying a Business - TOMORROW!! - https://bit.ly/3OvsNicReal Estate Issues When Buying a Business - Thu, Apr 16 - https://bit.ly/3PYIhf8Topics in Ana Lia’s interview: Wanted flexibility while raising two young childrenHit promotion ceiling in corporate tech ladderJoined Beta Accelerator, buying businesses training programTreat LOIs like conversations, not commitmentsDIY diligence first to avoid costly mistakesSBA rule changes complicated future acquisition financingRecurring revenue lower than seller originally claimedLost major client after leadership cost-cutting shiftBuilt custom AI app for operations trackingBought a job first, business laterReferences and how to contact Ana Lia: LinkedInKelly GreenAna Lia’s LinkedIn post on how the new SBA rules affect herAna Lia’s LinkedIn post on the pre- and post-closing gap in understanding her business Gabe Perez on Acquiring Minds: One Couple, 4 Kids, and a Business 3 Hours AwayDarryl Lindie on Acquiring Minds: Hard but Fun: Transitioning a 77-Year-Old BusinessNick Haschka on Acquiring Minds: How One Small Acquisition Led to 9 More in 5 YearsWork with an SBA loan team focused exclusively on helping entrepreneurs buy businesses: 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 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

    1h 46m
  2. A Search Fund Journey to $350m

    3 GG FA

    A Search Fund Journey to $350m

    Jenna Whigham and her brother bought a large business for a search fund, then grew it 6x larger over the last 5 years. Register for the webinar: The Operator’s Perspective: Running a Business for an Owner - TODAY!! - https://bit.ly/4va4hUmTopics in Jenna’s interview: Investment banking during the 2008 crisisLaunching a traditional search fund with her brotherGolden Retrievers led to an acquisitionAcquiring a $100 million companyFinancial risk of being a “price taker”Expanding through M&ASoftware “Trojan Horse” strategyHow they decide which states to expand toManaging a 25% staff turnover rateRealities of home care and compliance incidentsReferences and how to contact Jenna: LinkedInAbound HealthGet 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 hello@systemsix.com and mention Acquiring MindsGet a complimentary IT audit of your target business: Email Nick Akers at nick@inzotechnologies.com, 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 TwitterEdited by Anton RohozovProduced by Pam Cameron

    1h 30m
  3. "Life is Just Brighter" in a $1.2m Distribution Business

    6 APR

    "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

    1h 53m
  4. From Small Acquisition to $30m Industry Leader

    2 APR

    From Small Acquisition to $30m Industry Leader

    It took Robin Kovitz fours years to find her business, which she has built into an industry leader and her life's work. Register for the webinar: Quality of Technology (QoT) Report: Protecting Your Acquisition - TODAY!! - https://bit.ly/4d9F2enTopics in Robin’s interview: Upbringing in the meat industryEarly career in investment banking and M&AHer 4-year search for a businessAlways visit the competitorsCritique of the 2-year search clock"Long-termism" and becoming a B CorpHer 3 non-negotiablesTurning around the gift basket businessSolving their storage problemThe payoff and price of high ambitionReferences and how to contact Robin: LinkedInBaskitsGet a complimentary IT audit of your target business: Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcherIf you’re serious about buying a business, learn why Acquisition Lab members have a 40% success rate: The Acquisition LabWork with an SBA loan team focused exclusively on helping entrepreneurs buy businesses: Pioneer Capital AdvisoryConnect 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

    1h 41m
  5. 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

    1h 54m
  6. 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

    1h 27m
  7. 40% Growth in Year 1 of a Paving Business

    23 MAR

    40% Growth in Year 1 of a Paving Business

    Eric Donahue quickly grew revenue to $6m thanks to operational enhancements, culture tweaks, and a little good luck. Register for the webinar: What Actually Makes a Good Deal? Patterns from 1,000+ Transactions - Thurs March 26th - https://bit.ly/4lT2ajGTopics in Eric’s interview: Navy SEAL career and retirementPerforming the basics at a high levelHis tree service side hustleOld school proprietary searchBuying an off-market paving companyForgoing SBA for a conventional loanWorking in the field to learn the asphalt trade40% revenue growth in 13 monthsSplitting his crew to keep the team productiveUsing his military clearance to win jobsReferences and how to contact Eric: LinkedInPeninsula PavingHunter at Hanger LawLearn 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 TeamDownload the New CEO’s Guide to Human Resources from Aspen HR: From this page or contact jenny@aspenhr.comConnect 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

    1h 33m
  8. Leaving Wall Street to Buy a $1m Manufacturing Business

    19 MAR

    Leaving Wall Street to Buy a $1m Manufacturing Business

    After 25 years on The Street, Brian Anderson discovered passion in buying small businesses — despite brutal challenges. Register for the webinar: How to Handle Common Employee Issues When Buying a Business - TODAY!! - https://bit.ly/4sa946lTopics in Brian’s interview: Career in investment banking/hedge fundsClosure of his firmPursuing small business as an asset classLow multiples are fairly valuedAcquiring in manufacturingLearning every operational function himselfAcquiring with no debtBeing away from his family M-FHis big mistake during CovidSelling to his COOReferences and how to contact Brian: LinkedInHis essay on the experience: Deco Manufacturing Summary and LessonsDownload the New CEO’s Guide to Human Resources from Aspen HR: From this page or contact jenny@aspenhr.comGet 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 MindsLearn 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 TwitterEdited by Anton Rohozov Produced by Pam Cameron

    1h 31m
Elenco completo (451)

Presentatori e ospiti

Descrizione

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

Informazioni

  • Creatore
    Will Smith
  • Anni di attività
    2021 - 2026
  • Puntate
    451
  • Classificazione
    Contenuti espliciti
  • Copyright
    © 2021 - 2023, Acquiring Minds
  • Sito web del podcast
    Acquiring Minds

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