Acquiring Minds

Will Smith
  • 4.8 (201)
  • ENTREPRENEURSHIP
  • UPDATED DAILY
Acquiring Minds

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 Blue Collar (But Automated & Asset Light)

    34 MIN. AGO

    Buying Blue Collar (But Automated & Asset Light)

    Register for the webinars:  • Understanding the Waterfall - Thu Nov 21 - https://bit.ly/4ftXfl8 Carley Mitus bought a home inspection business doing $380k SDE that runs leans & requires only 10 hours per week. Topics in Carley’s interview: Her goal to retire at 35Partnering to do a search (maybe too quickly)Building relationships with brokersBuying a home inspection businessRocky transition to ownershipTaking existing clients to dinner (25+ times)Getting referrals from real estate officesHow they keep great inspectorsTricky relationship with the sellerEarning the respect of their older colleaguesReferences and how to contact Carley: InstagramInsight Home Inspection ServicesGet a complementary pre-acquisition HR & PEO review for your target business: Contact mark@aspenhr.com or visit Aspen HRGet complimentary due diligence on your acquisition's insurance & benefits program: Oberle Risk Strategies - Search Fund TeamWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses: Matthias Smith of Pioneer Capital AdvisoryConnect with Acquiring Minds: See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

    1h 19m
  2. How 2 Entrepreneurs are Rolling Up a New Market

    3 DAYS AGO

    How 2 Entrepreneurs are Rolling Up a New Market

    Register for the webinars:  • Understanding the Waterfall - Thu Nov 21 - https://bit.ly/3AMj6Fk Francisco Del Rio & Diego Silva are 5 acquisitions into a venture to consolidate veterinary practices in Chile & beyond. Topics in Francisco & Diego’s interview: Vetting each other before partneringTeaming up to roll up vet clinics in ChilePitching themselves to clinic ownersSearching during strict Covid lockdownsEducating owners about business valuationUnderstanding the seller’s perspectiveMaking variable compensation workTeaching receptionists to use sales scriptsFinding investors and growing the businessVision to expand to neighboring countriesReferences and how to contact Francisco & Diego: Diego Silva LinkedIndiego@latamvet.comFrancisco del Rio LinkedIn francisco@latamvet.com Latam VetGet 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 LabGet a free review of your books & financial ops from System Six (a $500 value): Book a call with Tim or email 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 Twitter

    1h 46m
  3. How to Become an Independent Sponsor

    NOV 14

    How to Become an Independent Sponsor

    Register for the webinars:  Where Searchers Go Wrong - Thu Nov 14 - https://bit.ly/3O0im2a Legal Office Hours: Understanding the Waterfall - Thu Nov 21 - https://bit.ly/3O3zqo2 Sam Rosati & partners built the Sunbelt's largest commercial fencing contractor in 3 years. But the origins were modest. Topics in Sam’s interview: His background in accounting and lawBeing inspired by Chenmark and Brent BeshoreAcquiring Alpha Dumpsters with his brotherBirth of SMBashOrigin story of SMB LawHow an independent sponsor differs from a self-funded searcherInvesting in a commercial fencing businessThe role of luck in successAcquiring and consolidating fence businesses Partnering with private equityReferences and how to contact Sam: LinkedInTwitterSMBootcampChandler Reed on Acquiring Minds: Boom, Bust, Boom: Buying a Whiplash BusinessJohn Hubbard on Acquiring Minds: Why Buy a Small Manufacturing Business? and Time to Sell? Growing EBITDA from $750k to $2m Get a free review of your books & financial ops from System Six (a $500 value): Book a call with Tim or email hello@systemsix.com and mention Acquiring MindsWork 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

    1h 43m
  4. The 2 Professors Who Helped Start the ETA Movement

    NOV 11

    The 2 Professors Who Helped Start the ETA Movement

    Register for the webinars: Where Searchers Go Wrong - Thu  Nov. 14 - https://bit.ly/40HZtZK Legal Office Hours: Understanding the Waterfall - Thu Nov 24 - https://bit.ly/4hEzVTh The story behind "Rick & Royce", who've probably done more to grow entrepreneurship through acquisition than anyone. Topics in Rick and Royce’s interview: How they met in academiaGrowth of their ETA class at HarvardUnexpected success of their bookSatisfaction of changing students’ livesThoughts on their sons searching for businessesPartner/family perspectives on searchValue of learning about failed acquisitionsHow attitudes about small business have transformedUsing their podcast to educate about small businessThoughts on pursuing wealth References and how to contact Rick and Royce: The book: HBR Guide to Buying a Small BusinessThe podcast: Think Big, Buy SmallGet complimentary due diligence on your acquisition's insurance & benefits program: Oberle Risk Strategies - Search Fund TeamGet 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 Twitter

    1h 32m
  5. Buying a Job to Build a Business

    NOV 7

    Buying a Job to Build a Business

    When he realized he was willing to do the work himself, Matthew Railla bought a $500k SDE termite inspection business. Topics in Matt’s interview: His family’s culture of entrepreneurshipHis background running a wineryBecoming a business brokerBuying his own listingBuying a tough-to-sell business Getting an SBA loan using the new partial buyout rulesCrawling under houses himself to learn the tradeSeller agreeing to teach him for 2 yearsThe 3 branches of pest controlHis plan to expand the businessReferences and how to contact Matt: LinkedInmatt@toptermiteco.comhttps://www.toptermiteco.comLearn more about Walker Deibel's done-with-you buy-side advisory: The Acquisition LabGet a complementary pre-acquisition HR & PEO review for your target business: Contact mark@aspenhr.com or visit Aspen HRGet 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

    1h 16m
  6. $6m Business, 3 Minutes From Childhood Home

    NOV 4

    $6m Business, 3 Minutes From Childhood Home

    Iris Levine bought a 30-year-old construction firm just steps from the rough Nashville neighborhood where she grew up. Topics in Iris’s interview: Working 3 jobs to pay for collegeBackground in high-growth startupsForming her own acquisition mastermind groupFinding an unlisted business through a brokerBuying a porch construction companyPutting 5% down without outside investorsChoosing to forego a quality of earningsAdding technology for project managementMotivation to find work-life flexibilityPossibility of expanding their offeringsReferences and how to contact Iris: LinkedInEpisode #233 with Alan LochridgeWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses: Matthias Smith of Pioneer Capital AdvisoryGet a free review of your books & financial ops from System Six (a $500 value): Book a call with Tim or email 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 Twitter

    1h 16m
  7. Buying a Business to Build a Life

    OCT 31

    Buying a Business to Build a Life

    Register for the webinar:  How to Run a 2-Year Search in 2 Months - Nov 1 - https://bit.ly/48sjkh9Seattle-based Dan Drake & his wife wanted to raise their kids in Bend, Oregon. Buying a business allowed them to do it. Topics in Dan’s interview: His search in Bend, OregonUnderstanding negotiation tacticsBundling the real estate with the businessHis seller-financed dealRenegotiating after sales dipped 20%Pros and cons of having experienced staffExplaining balloon paymentsGiving back to Central OregonMeeting with top customers to understand their needsImproving inventory management and websiteReferences and how to contact Dan: LinkedInIndustrial Applied ElectricNegotiate Without Fear by Dr. Victoria MedvecGet 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 LabGet 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

    1h 27m
  8. Buying & Building a $60m Manufacturer

    OCT 28

    Buying & Building a $60m Manufacturer

    Register for the webinar: How to Run a 2-Year Search in 2 Months - Friday, Nov 1 - https://bit.ly/3YEN9YEWhen, at age 29, Gat Caperton bought a furniture maker in his native West Virginia, he was also buying himself a career. Topics in Gat’s interview: Working for the legendary Sam ZellAcquiring a furniture manufacturer in 1996You’re better off with smart competitors than dumb competitorsCutting his lead time in half the first yearImplementing lean manufacturingOwning the business with his dadChina devastated US furniture manufacturingJoining John Bassett to sue China for breaking trade lawsThe evolution of “Made in America”How to evaluate a furniture manufacturerReferences and how to contact Gat: LinkedInGat CreekFactory Man by Beth MacyThe Goal by Eliyahu Goldratt and Jeff CoxWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses: Matthias Smith of 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 email 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 Twitter

    1h 53m
See All (307)

4.8
out of 5
201 Ratings

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 - 2024
  • Episodes
    307
  • Rating
    Clean
  • Copyright
    © 2021 - 2023, Acquiring Minds
  • Show Website
    Acquiring Minds

You Might Also Like

To listen to explicit episodes, sign in.

Stay up to date with this show

Sign in or sign up to follow shows, save episodes, and get the latest updates.
Select a country or region

Africa, Middle East, and India

Asia Pacific

Europe

Latin America and the Caribbean

The United States and Canada