273 episodes

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

Acquiring Minds Will Smith

    • Business
    • 4.9 • 177 Ratings

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

    Reflections on 2 Years in the Knife Fight

    Reflections on 2 Years in the Knife Fight

    Register for the webinar:
    How (and Why) to Choose a Franchise as an Acquisition Entrepreneur - https://bit.ly/4fa3CKBBrett Kennedy has doubled & strengthened the sub-$1 million moving business he bought — but it hasn't been without pain.
    Topics in Brett’s interview:
    Being raised in an entrepreneurial familyBuying Furniture Taxi, a moving companyDriving the truck himself when employees don’t showSurprises the seller failed to mentionGood and bad of buying smallDaily stressors of running a small businessHiring a GMDoubling the business despite a shrinking marketYour employees are your customers The next company he wants to buyReferences and how to contact Brett:
    LinkedInAdrian Pinto’s episodeAtlanta’s Furniture TaxiWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
    Matthias Smith of Pioneer Capital AdvisoryLearn more about Walker Deibel's done-with-you buy-side advisory:
    The Acquisition LabSmithlist is a job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
    Smithlist - Operate & Lead a BusinessConnect with Acquiring Minds:
    See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

    • 1 hr 38 min
    The Scrappy Path of a One-Man Holdco

    The Scrappy Path of a One-Man Holdco

    Register for the webinar:
    How (and Why) to Choose a Franchise as an Acquisition Entrepreneur - https://bit.ly/3WwZqNRWhen Dustin Carreon reached a ceiling in his first small business, he used the profits to start buying other businesses.
    Topics in Dustin’s interview:
    Growing up in his parents’ scrapping businessInheriting and growing Freelance ElectronicsLearning the most from a difficult acquisitionTiming and luck mattersKey person risk in small-staff businessesHis mistake of expanding before establishing expectationsCross-training employees as part of his holdco visionAn investor attitude compared with an entrepreneur attitudeBuilding a holdco without a college educationChallenge of writing down processesReferences and how to contact Dustin:
    LinkedInTwitterCOI HoldingsSmithlist is a job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
    Smithlist - Operate & Lead a BusinessGet 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

    • 1 hr 43 min
    Getting Reps: Helping Others Look at Deals Led to a Holdco

    Getting Reps: Helping Others Look at Deals Led to a Holdco

    Register for the webinars:
    Search Investor Roundtable: State of the Market - https://bit.ly/4cvUOwV
    Overcoming Common Deal Sticking Points - https://bit.ly/4cD9z17
    How (and Why) to Choose a Franchise as an Acquisition Entrepreneur - https://bit.ly/3LpQEuKHow Adam Markley evaluated thousands of businesses for sale and bought a handful of his own (6 in his portfolio today).
    Topics in Adam’s interview:
    Using online courses to teach business acquisitionSBA loans vs. seller notesRaising your potential with partnershipsHis holdco of 6 diverse companiesHow acquisitions in the UK and US differPower of personalized outreach2 main tracks to business acquisitionAn operating partner who emptied the bank accountsWorking in a medical staffing agency before buying itLooking at both on and off-market businessesReferences and how to contact Adam:
    LinkedInTwitteramarkley@proxcapitalgroup.comPROX Capital GroupAdam’s fractional CFO firm, Veracity CFOTato Corcoran’s episodeLearn more about Walker Deibel's done-with-you buy-side advisory:
    The Acquisition LabWork 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

    • 1 hr 27 min
    Building a $10m EBITDA Leader in a Fragmented Space

    Building a $10m EBITDA Leader in a Fragmented Space

    Register for the webinars:
    Search Investor Roundtable: State of the Market - https://bit.ly/4cCMyuZ
    Overcoming Common Deal Sticking Points - https://bit.ly/3LkCpr3
    How (and Why) to Choose a Franchise as an Acquisition Entrepreneur - https://bit.ly/4f2hCGcNick Haschka & Dillan Ferguson are 5 months and 2 acquisitions into a roll-up targeting $50-60m revenue in 5 years.
    Topics in Nick and Dillan interview:
    How Nick and Dillan met on TwitterThe future of reliance on generatorsServing both residential and commercial customersSeparating the business into service and installation teamsDoubling the number of employeesAtmospheric river caused a crisis 3 weeks after acquisitionBeing a leader is different than being an employerDeveloping their own softwareWhere they find their techniciansComparing the risk of an asset purchase and a stock purchaseReferences and how to contact Nick and Dillan:
    Nick Haschka TwitterNick Haschka LinkedInDillan Ferguson TwitterDillan Ferguson LinkedInOnPoint GeneratorsGet 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

    • 1 hr 24 min
    Buying & Growing a Business While Keeping a Day Job

    Buying & Growing a Business While Keeping a Day Job

    Register for the webinars:
    SBA Lender Roundtable: State of the Market - https://bit.ly/4bydwTe
    Due Diligence Office Hours - https://bit.ly/3WbVpxT
    Search Investor Roundtable: State of the Market - https://bit.ly/45SWMEY
    Purchase Agreement Fights: How to Avoid (or Win) Them - https://bit.ly/4eQ7z79
    How Dominick Blue bought an air duct cleaning business and took it into HVAC services, all while retaining his W-2.
    Topics in Dominick’s interview:
    Keeping his W-2 while acquiring companiesMistakes he made during diligenceRevamping service offeringsLooking for “diamond in the rough” leadersExpanding from air duct cleaning into HVACHis fetal position momentBeing ghosted by his bankBuying a business while expecting a babyAdvantage of selling directly to consumersDrawing from his training in the U.S. MarinesReferences and how to contact Dominick:
    LinkedInTwitterAir ASAPWinning Moves by Dan CremonsLearn more about Walker Deibel's done-with-you buy-side advisory:
    The Acquisition LabWork 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

    • 1 hr 54 min
    Buy as Search Fund, Keep as Long-Term Owner

    Buy as Search Fund, Keep as Long-Term Owner

    Register for the webinars:
    SBA Lender Roundtable: State of the Market - https://bit.ly/4eTZ8Yn
    Due Diligence Office Hours - https://bit.ly/3WbAs6h
    Search Investor Roundtable: State of the Market - https://bit.ly/4eVYDxc
    Purchase Agreement Fights: How to Avoid (or Win) Them - https://bit.ly/4bwcgQx
    By doubling a $3m EBITDA business Juan Aguilar bought with traditional search fund terms, he is able to hold it forever.
    Topics in Juan’s interview:
    Huge challenge of buying a business in Central AmericaBuying a door manufacturer in GuatemalaImplementing EOSMoving his focus from “how” to “who”Raising prices 25%Focusing on service, quality, and volumeFinding a CEO to replace himHaving a liquidity event without exiting the businessTransitioning towards a permanent capital modelPlan for a holdcoReferences and how to contact Juan:
    LinkedInPaltus CapitalGet 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

    • 1 hr 50 min

Customer Reviews

4.9 out of 5
177 Ratings

177 Ratings

AlexSoDak ,

Absolutely love this podcast

The stories are great and Will is a terrific host

SoBe Nick ,

Great Guests - Host Asks the Right Questions

Will Smith asks the questions that we all want to ask but probably wouldn’t. Great guests too.

PandaPanda229 ,

Tremensous Value

This is probably my favorite podcast (and I listen to a lot). There is more value in one hour that Will provides to his listeners than any other podcast, webinar, lecture. Will has guests on that have gone through the challenges (including personal trepidation) of breaking out of the 9-5 slog and bought a business. He is an amazing interviewer, who asks great questions and lets the guest tell their story. I’m very grateful to have found this podcast and hoping he goes to TWO SHOWS a week!

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