John Hubbard returns to share how "chasing EBITDA over revenue" has benefited the trailer fabricator he bought in 2021.
Topics in John’s interview:
- Losing largest customer (25% of revenue)
- Earning $2m EBITDA on $6m revenue vs. $25m revenue
- Don't chase revenue, chase EBITDA
- Mentally transitioning from buyer of a business to the seller of it
- Why he's thinking about selling
- Selling vs. hiring an operator & holding
- How difficult finding a good operator is
- Appreciating how precious it is when you have a business doing well
- The appeal of investing in other search deals
- 3 points about leadership in SMB
References and how to contact John:
- Sam Rosati
- Express Custom Trailers
- John’s first appearance on Acquiring Minds: Why Buy a Small Manufacturing Business
- Recent interview with Shane Ehrsam, who bought a trailer dealership business: Hiring a General Manager & Buying Business #2
Get complimentary due diligence on your acquisition's insurance & benefits program:
- Oberle Risk Strategies - Search Fund Team
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Information
- Show
- FrequencyUpdated Daily
- PublishedNovember 2, 2023 at 7:00 AM UTC
- Length1h 5m
- RatingClean