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. No SBA Loan and $75k Out of Pocket

    3 HR AGO

    No SBA Loan and $75k Out of Pocket

    After Megan McGee pivoted her search fund to a self-funded approach, she bought a business where she wanted to settle. Register for the webinars:   From Owner to Owner: Business Transition Lessons - Thu March 12 - https://bit.ly/4ctCJCwTopics in Megan’s interview: Family background in pest controlInternship with previous guest Edward McDonnellStarting out in traditional searchInvestors declined to support a deal she lovedPivoting to self-funded searchDeciding not to buy her dad’s businessBuying Virginia Guesthouses without an SBA loanBuying from a young sellerManaging 75 propertiesHer profitable first yearReferences and how to contact Megan: LinkedInTato Corcoran’s recap episode: How to 4x a Small ManufacturerEdward McDonnell on Acquiring Minds: Taking a Single-City Acquisition NationwideMatt Orley on Acquiring Minds: Buying for Brand (Then Growing 4x)GuesthousesGet 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 RohozovProduced by Pam Cameron

    1h 25m
  2. Growing Profits 30% in the First 1.5 Years

    4 DAYS AGO

    Growing Profits 30% in the First 1.5 Years

    Jonathan Taylor has quickly grown revenue 40% at his acquisition through digitization, process improvement, and sales. Topics in Jonathan’s interview: Searching while working full-timeHis “now or never” moment approaching 40Restricting his search to Los AngelesOver-equitizing the dealStructuring a forgivable seller noteAccepting 60% ownershipFinding long-term hold investorsBuying from a non-retiring sellerChristian stewardship principlesGrowing revenue 40%References and how to contact Jonathan: LinkedInAEK TechnologyPhil Koller on Acquiring Minds: Comfortable Concentration for a $800k SDE BusinessShaun Stimpson on Acquiring Minds: Started Mid-Career, Grew to $38m in 3 YearsLearn 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 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 31m
  3. Second Time's the Charm as Owner of a $4m Business

    2 MAR

    Second Time's the Charm as Owner of a $4m Business

    After his first ownership experience ended badly, Joe Springsteen bought a $3.2m maintenance business that is thriving. Topics in Joe’s interview: Background in law and operationsDivorce as a catalyst for changeAcquiring a biohazard cleanup businessDoing cleanup himselfHis original growth thesis failedSelling the cleanup businessHis “Codie Sanchez phase”Prioritizing geography in his searchAcquiring an exterior cleaning businessBuilding competitive advantageReferences and how to contact Joe: LinkedInjoe@mallardsystems.comMallard SystemsSam Rosati on Acquiring Minds: Shortening Your Search: Big 3 Little 2Work 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 searcherDownload 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 21m
  4. Taking a Single-City Acquisition Nationwide

    26 FEB

    Taking a Single-City Acquisition Nationwide

    Edward McDonnell bought a local services business via traditional search fund and grew it to 8 branches across 5 states. Register for the webinar:  SMB Cybersecurity: Why Operators Need a Risk Assessment - TODAY!! - https://bit.ly/4u2GO7dTopics in Edward’s interview: Mechanical engineering at HondaChoosing traditional search for budgetAcquiring an indoor plant/landscaping businessGoing in with no management experienceDigitizing the back officeConstantly repeating the company visionUsing EOS for efficient meetingsGrowing to 8 branches in 5 statesExiting and staying on as CEOSearching for his next business in VirginiaReferences and how to contact Edward: LinkedInBotanical Designsam@monroehillgp.comGet 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
  5. Year 1 in a $300k SDE Services Business

    23 FEB

    Year 1 in a $300k SDE Services Business

    Scott Crosby weathered the challenges that come with buying a 4.5-employee services business, and Year 2 is looking up. Register for the webinars:  Common Legal Diligence Issues (and How to Handle Them) - TOMORROW!! - https://bit.ly/3OQhm4lSMB Cybersecurity: Why Operators Need a Risk Assessment - Thu, Feb 26 - https://bit.ly/4bY1KWeTopics in Scott’s interview: His 2 major career-defining moments20-hour days in film productionRisks of buying from younger ownersEconomic development resource centers: a hidden gemLooking for business-buyer fitUsing an analysis tool he found on TikTokFirst-time buyer mistakesReplacing nearly the entire staffUnderestimating the stress of ownershipModernizing dusty operationsReferences and how to contact Scott: LinkedInscottallencrosby@gmail.comAmerican Services St. LouisScott’s interview prep sheetBuy the deal analyzer spreadsheetDownload the New CEO’s Guide to Human Resources from Aspen HR: From this page or contact jenny@aspenhr.comGet a complimentary IT audit of your target business: Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcherLearn 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 RohozovProduced by Pam Cameron

    1h 30m
  6. How to 4x a Small Manufacturer

    19 FEB

    How to 4x a Small Manufacturer

    Tato Corcoran returns with updates on her ownership of a sink maker that had just $400k in revenue when she bought it. Register for the webinar:  Red Flags That Kill or Reshape Deals - TODAY!! - https://bit.ly/4rsjvlaTopics in Tato’s interview: Growing her top line revenueFinding a mentor at StarbucksCreating an employee handbookReconfiguring the factory with new equipmentHow she implements extreme ownershipProfit First accountingBeing tied to the real estate marketGoals for her real estate portfolioBeing a woman in manufacturingWhen she may be open to sellingReferences and how to contact Tato: LinkedInBrandt Molded MarbleTato's first interview: When You Buy a Glorified Job, Not a BusinessExtreme Ownership by Jocko Willink and Leif BabinProfit First by Mike MichalowiczGet a complimentary IT audit of your target business: Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcherLearn more about Walker Deibel's done-with-you buy-side advisory: 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 RohozovProduced by Pam Cameron

    1h 14m
  7. Exiting for Millions vs. Long-Term Hold

    16 FEB

    Exiting for Millions vs. Long-Term Hold

    Don Grigg reflects on the different outcomes for 2 businesses he bought in his 30s, one of which became his life's work. Register for the webinar:  Red Flags That Kill or Reshape Deals - Feb 19th - https://bit.ly/468vw6WTopics in Don’s interview: Discovering his passion for manufacturingSearching for “small, broken companies” to acquireClosing on 2 businesses within 6 monthsHow plastics recycling worksScaling his plastics recycling businessPrivate equity is a poor fit for small business Exiting his business felt like losing familyHis son and daughter’s acquisitionValue of family businessesEntrepreneurship through acquisition as your life’s workReferences and how to contact Don: LinkedInNative WatercraftBonafide Kayaks Enough by John C. BogleGet 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 RohozovProduced by Pam Cameron

    1h 22m
  8. How to Own 20% of Multiple SMBs

    12 FEB

    How to Own 20% of Multiple SMBs

    In addition to buying his own business, Evan DiLeonardi trades buy-side services for equity in other SMB acquisitions. Topics in Evan’s interview: Entering the Airbnb spaceJoining Ben Kelly’s acquisition groupBuying a commercial cleaning businessBeing a remote “workaholic”Realizing he bought a business in distressFirst year in survival modeGetting a team of great managers in placeHis “Equity in Kind” partner modelEnjoying search more than operationsBuilding a holding companyReferences and how to contact Evan: LinkedInQuality Cleaning ServiceGail Hamilton Azodo on Acquiring Minds: Buying to $4m Across 7 Sites in 3 YearsMeridian Peak CapitalWork 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 55m
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About

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

Information

  • Creator
    Will Smith
  • Years Active
    2021 - 2026
  • Episodes
    441
  • Rating
    Clean
  • Copyright
    © 2021 - 2023, Acquiring Minds
  • Show Website
    Acquiring Minds

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