Acquiring Minds

Will Smith
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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. 2 Years to Buy, Double & Exit a Medical Billing Firm

    HÁ 3 DIAS

    2 Years to Buy, Double & Exit a Medical Billing Firm

    Register for the webinars: Cap Tables 101: How Capital Structure Works When Buying a Business - Thu Oct 24 - https://bit.ly/3UihUQG How to Run a 2-Year Search in 2 Months - Friday Nov 1 - https://bit.ly/3UfYJqz Nik Hulewsky bought a $3.2m medical billing company during peak Covid, anticipating a surge in demand. He was right. Topics in Nik’s interview: Tragedy that ignited his passion for hospiceLosing his job while his wife was in laborSearching for a business to fit his skillsetIndustry is more important than businessMargins in home healthCalculating return on brain damageLearning firsthand about the J curveImportance of relationship with the sellerBeing in business with his brother-in-lawAdvice for young entrepreneursReferences and how to contact Nik: TwitterCofounders.comNikonomicsGet 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 searcher)Work 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

    1h27min
  2. Small SDE, Big Upside: Buying a Business with 5 Employees

    HÁ 6 DIAS

    Small SDE, Big Upside: Buying a Business with 5 Employees

    Register for the webinars: Cap Tables 101: How Capital Structure Works When Buying a Business - Thu Oct 24 - https://bit.ly/4dR5CWq How to Run a 2-Year Search in 2 Months - Friday Nov 1 - https://bit.ly/4dQifkn Kristiana Laugen left tech to buy a 40-year-old pool business with $300k SDE. Fast growth from a small base is the plan. Topics in Kristiana’s interview: Her career working for start-upsHer desire to “eat what she kills”Finding a business sooner than expectedAcquiring a commercial pool maintenance/repair businessHow commercial pool maintenance differs from residentialQuickly firing all but one technicianMaking changes in the first 90 daysSeller retained 5% equityUsing an app for routing efficiencyThe numbers game of hiringReferences and how to contact Kristiana: LinkedInklaugen119@gmail.comTwitterRD Pools, Spas & FountainsGet 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 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 channelConnect with host Will Smith on LinkedInFollow Will on Twitter

    1h23min
  3. Leaving Amazon to Buy a $3m Apparel Brand

    17 DE OUT.

    Leaving Amazon to Buy a $3m Apparel Brand

    Register for the webinar: Cap Tables 101: How Capital Structure Works When Buying a Business - Thu Oct 24 - https://bit.ly/3zTykbc Tech industry vet Eric Bauer wanted to build something for himself. Buying a hat brand across the country was the path. Topics in Eric’s interview: Skills he acquired during 10 years at AmazonMoving from Seattle to Alabama to buy a businessRed flags in business listingsComparing BizBuySell and Axial for business searchAcquiring a hat distributorSolving problems with hat sizingLearning how to motivate his staffHiring difficultiesInventory management complexitiesSelf-confidence as a business ownerReferences and how to contact Eric: eric@turnerhat.comLinkedInGet 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 TeamGet 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

    1h54min
  4. Business Collapse After Going All-In

    14 DE OUT.

    Business Collapse After Going All-In

    Register for the webinars: Due Diligence Office Hours - Wed Oct 16 - https://bit.ly/4h3R74o Cap Tables 101: How Capital Structure Works When Buying a Business - Thu Oct 24 - https://bit.ly/3zT8sMA Justin Willess liquidated his 401k to buy a $8.5m construction business. He lost the business and may lose his house. Topics in Justin’s interview: Frustration with his consulting careerBuying a construction companyConstruction landscape in Northern VirginiaDiscovering cooked books after transitionSeller refused to release promised fundsEmptying his 401k to make payrollCalm is contagiousClosing the businessWhat he learned from the failed acquisitionWhy he wants to acquire againReferences and how to contact Justin: LinkedInjustinwilless@gmail.comWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses: Matthias Smith of Pioneer Capital AdvisoryGet $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th: https://www.malaunchpad.com & enter code ACQUIRINGMINDSLearn 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

    1h39min
  5. Margins in Mulch: Buying a $1m Erosion Control Business

    10 DE OUT.

    Margins in Mulch: Buying a $1m Erosion Control Business

    Register for the webinars: Which Business Should You Buy? - Thu Oct 10 - https://bit.ly/3TYdVZ8 Due Diligence Office Hours - Wed Oct 16 - https://bit.ly/3BznZl0As a banker Greg Bruns dealt with business owners, wanting what they had. When a friend bought a business, he saw a way. Topics in Greg’s interview: Leaving his banking career to buy a businessBig risks of doing an asset saleHow ownership is different than expectedRisks and benefits to buying smallWhy erosion control matters to infrastructureBeing tied to the construction industryManaging cashflow in a project-based businessHow weather affects his bottom lineInvolving his employees in business decisionsThe good/bad of keeping the seller in the businessReferences and how to contact Greg: LinkedInTwittergreg@alliedhydromulch.comAllied HydromulchLearn more about Walker Deibel's done-with-you buy-side advisory: The Acquisition LabGet $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th: https://www.malaunchpad.com & enter code ACQUIRINGMINDSWork 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

    1h33min
  6. The Model for a 3-Way, Long-Term Holdco

    7 DE OUT.

    The Model for a 3-Way, Long-Term Holdco

    Register for the webinars: Which Business Should You Buy? - Thu Oct 10 - https://bit.ly/47TzaBc Marc Nzojibwami and 2 partners bought a business in Calgary, with a plan to keep buying (and without investor capital). Topics in Marc’s interview: Early attempts at launching companies in universityAcquiring with 2 partnersTheir plan to build a holdco togetherAcquiring a 40 year old sign shopFinancing their deal in CanadaNegotiating purchase price and seller noteOne change they made immediatelyGrowing EBITDA 30% the first yearChallenges and benefits of partnershipsSearching full-time for his next acquisitionReferences and how to contact Marc: LinkedInmarc@auxano.caABL Imaging GroupGet 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 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

    1h12min
  7. Why Sell to Private Equity: Former Guest Has an Exit

    3 DE OUT.

    Why Sell to Private Equity: Former Guest Has an Exit

    Register for the webinars: Which Business Should You Buy? - Thu Oct 10 - https://bit.ly/4gQqKP5Taylor Wallace & Tyler O'Connor return to discuss selling to private equity & the painful reality of managing people. Topics in Taylor’s interview: Evaluating the risk/reward of selling to private equitySelling to private equity but not exitingGood PE vs. bad PETransition to a corporate structureComparing outcomes with tech startupsReferences and how to contact Taylor: TwitterLinkedInTaylor Wallace’s original Acquiring Minds interview: Buying Doggy Daycares After 10 Years in TechTopics in Tyler’s interview: Comparing his military service with business ownershipUnexpected hospitality aspect of the businessBeing both CEO and the sales departmentDelegating more to his general managerWorking capital in a seasonal businessReferences and how to contact Tyler: Tyler O’Connor’s original Acquiring Minds interview: Using $100k to Buy a 7-Figure Dream BusinessSMBootcampBird Golf AcademyGet $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th: https://www.malaunchpad.com & enter code ACQUIRINGMINDSWork 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 MindsConnect with Acquiring Minds: See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

    1h30min
  8. Turning Around a Blue Collar Business in Decline

    30 DE SET.

    Turning Around a Blue Collar Business in Decline

    George Tibil & Keith Fields bought a $1.1m janitorial business with falling revenues. 9 months later, sales are up 60%. Topics in George and Keith’s interview: Their dissatisfaction with the corporate ladderCalling on Acquiring Minds guests for search adviceAcquiring a ServiceMaster Clean franchise locationWhat changed their minds about franchisesFiring their first employee before taking ownershipCleaning all night when business was understaffedManaging an immigrant-heavy workforceTurning the culture around40% growth without outbound salesPower of good partnershipsReferences and how to contact George and Keith: ServiceMaster Clean BuffaloGeorge Tibil LinkedInGeorge Tibil TwitterKeith Fields on LinkedInGet a complementary pre-acquisition HR & PEO review for your target business: Contact mark@aspenhr.com or visit Aspen HRLearn 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 TeamConnect with Acquiring Minds: See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

    1h40min
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Sobre

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

Informações

  • Criado por
    Will Smith
  • Anos de atividade
    2021 - 2024
  • Episódios
    299
  • Classificação
    Livre
  • Copyright
    © 2021 - 2023, Acquiring Minds
  • Site do podcast
    Acquiring Minds

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