Acquiring Minds

Will Smith
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. The Appeal (and Risk) of Buying a Consulting Firm

    1일 전

    The Appeal (and Risk) of Buying a Consulting Firm

    Register for: Employee Issues & Non-Competes When Buying a Business - Thu March 13 - https://bit.ly/3F6dasG The live Q&A with Nick on March 25th: https://bit.ly/3DoZfgDIndustry outsider Nick Munsee bought a traffic engineering firm for a good price, carefully de-risking the acquisition. Topics in Nick's interview: Managing from out of stateThe white whale: a deal that almost happenedLessons from a failed acquisitionFinding Hales EngineeringUnderstanding the traffic consulting businessNavigating lender challengesIncentivizing key employeesChallenges in consulting business growthProject-based revenue insightsThe abrupt customer hand-offReferences and how to contact Nick: LinkedInHales Engineeringnick@saltbros.coWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses: Matthias Smith of Pioneer Capital AdvisoryGet 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 $200 off your ticket to the M&A Launchpad Conference in Houston on May 3rd: https://www.malaunchpad.com & enter code ACQUIRINGMINDSConnect 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

    1시간 31분
  2. Why Treat an Acquisition Like a Startup

    5일 전

    Why Treat an Acquisition Like a Startup

    Register for the webinars: 5 Stages of the Business Buying Process - Thu March 6 - https://bit.ly/3QEgIoAEmployee Issues & Non-Competes When Buying a Business - Thu March 13 - https://bit.ly/4koXrFbLive Q&A with Sean Daly - Tue March 18 - https://bit.ly/41yzjZ7Day 1 changes? Yes please. Sean Daly brought a spirit of experimentation, iteration, and speed to a small HVAC business. Topics in Sean’s interview: Founding and exiting his own companyGoing hard with cold outreachHiring an offshore assistant to source dealsEntrepreneurs are risk reducersBuilding an offshore back of house teamPaying mostly in cash for the businessHis decisive leadership styleETA is salesTreating his low-SDE business like a start-upFailed experiment with outbound marketingReferences and how to contact Sean: LinkedInIce C CoolAttend SMBash in Dallas, April 2-4, to meet fellow business buyers, operators, and investors: SMBash.comGet 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 AdvisoryLearn 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

    1시간 28분
  3. Buying in a Small Market, Building a Regional Powerhouse

    3월 3일

    Buying in a Small Market, Building a Regional Powerhouse

    Register for: Live Q&A with Jonathan Bournigal - Thu March 19 - https://bit.ly/41lwPwc Webinar: 5 Stages of the Business Buying Process - Thu March 6 - https://bit.ly/41m0o0i Jonathan Bournigal returned to his native Dominican Republic to buy a business. He found a small one and has 6x'd it. Topics in Jonathan’s interview: Boomer-owned businesses vs family-run businessesAvoiding the label of “tire kicker”Searching in a country the size of Rhode IslandWhy multiples are higher in the Dominican RepublicSelling when your life depends on itReal estate: own or rent?Venture capital vs. growth equity vs. LBOGrowing the business without debtPros and cons of dominating the market in a small countryHow to structure investor terms in markets where exits are rareReferences and how to contact Jonathan: LinkedInBUNKERCarabela Search and ManagementGet $200 off your ticket to the M&A Launchpad Conference in Houston on May 3rd: https://www.malaunchpad.com & enter code ACQUIRINGMINDSDownload the New CEO’s Guide to Human Resources from Aspen HR: From this page or contact mark@aspenhr.comGet 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

    1시간 50분
  4. Back from the Brink: When Everybody Quits Day 1

    2월 24일

    Back from the Brink: When Everybody Quits Day 1

    Register for the webinar: First 100 Days: Survive & Thrive as a New Business Owner - Wed Feb 26 - https://bit.ly/4hFqGle24 hours into Jack Carr's ownership of a tiny HVAC business, disaster struck. Just 2.5 years later, it did $3m in sales. Topics in Jack’s interview: All HVAC techs quit on the first dayBuying an HVAC business with no physical locationWhy he feels like his 2x multiple was too highTeaching himself HVAC skills via YouTubeHow he prices a book of businessHis process for retaining customers after acquisitionValue of a business owner communityHow Google reviews keep the phone ringingUnderstanding the risk of buying smallListening to your employees without being held hostageReferences and how to contact Jack: LinkedInTwitterOwned and OperatedPete Ciaverilla on Acquiring Minds: Bullseye: Buying a $1m SDE Business in a Hot IndustryGet $200 off your ticket to the M&A Launchpad Conference in Houston on May 3rd: https://www.malaunchpad.com & enter code ACQUIRINGMINDSListen to Meeting of the Minds, our new sister podcast about independent sponsors and deal-by-deal private equity: YouTube, Spotify, AppleGet 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 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

    1시간 29분
  5. How to Buy & Transform a 120-Year-Old Manufacturer

    2월 20일

    How to Buy & Transform a 120-Year-Old Manufacturer

    Register for the webinars: Using a Sale-Leaseback to Buy a Business - Thu Feb 20 - https://bit.ly/3QjGZYR First 100 Days: Survive & Thrive as a New Business Owner - Wed Feb 26 - https://bit.ly/4hCxC2G Subscribe to the new podcast, Meeting of the Minds: On YouTubeSpotify & Apple links coming soon!Lucas Philips bought a niche manufacturer with $200k SDE, aiming to make it an ecommerce/DTC business. It's working. Topics in Lucas’s interview: How his startup mindset influenced his acquisitionBuying a super-niche manufacturer at age 23Motivating staff (or not) with $3/hr raisesLearning to fire and trust his instinctsModernizing the businessAdvantages of buying a business youngAnxiety issues post-acquisitionHow bolt-ons have lengthened the J curveExpanding into the Porsche marketLooking ahead to using AIReferences and how to contact Lucas: LinkedInlucas@newarkauto.comNewark AutoBenjamin Ross GroupBen Jasper on Acquiring Minds: Factory Life: Buying a Manufacturer with $1m SDEThe Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a StartupWork 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 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

    1시간 44분
  6. Behind Every Great Searcher: A Wife's Journey with Search

    2월 17일

    Behind Every Great Searcher: A Wife's Journey with Search

    Register for the webinars: Using a Sale-Leaseback to Buy a Business - Thu Feb 20 - https://bit.ly/3X1BqSQSubscribe to the new podcast, Meeting of the Minds: On YouTubeSpotify & Apple links coming soon!Cliff & Christine Nelson navigated him buying a big but remote business while she was pregnant, then a first-time mom. Topics in Cliff and Christine’s interview: Highs and lows of the 2-year searchCliff quitting his job right before CovidBecoming parents and closing on a business the same weekWhat Cliff liked about the traditional search modelAcquiring a business with 100 employeesBeing alone in an unfamiliar city as a new momChristine getting very sick during the moveFeeling like a bad father and a bad CEO at the same timeExperiencing the J curve“I wouldn’t live through it again, but I’m glad we did it.”References and how to contact Cliff and Christine: Cliff LinkedInChristine LinkedInPsychoGeriatric ServicesLearn 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 TeamDownload the New CEO’s Guide to Human Resources from Aspen HR: From this page or contact mark@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

    1시간 52분
  7. Networking His Way to $800k SDE

    2월 13일

    Networking His Way to $800k SDE

    Register for the webinars: Legal Aspects of Debt Financing - Thu Feb 13 - https://bit.ly/4aOwtlM Using a Sale-Leaseback to Buy a Business - Thu Feb 20 - https://bit.ly/4hQbn9e It took Alex Holley a few months of daily meetings to find a $4.5m home services business in his local Louisville, KY. Topics in Alex’s interview: Networking through 100 meetings in 4 monthsBuying 2 businesses at onceLearning how to run a crewGoing on jobs to learn about the workLeaving consulting for blue-collar industryOwning weather-dependent businessesTaking on a friend as a silent partnerA close call with payroll the first weekBuilding rapport with the employeesHaving a blast in home servicesReferences and how to contact Alex: LinkedInBDry Systems of LouisvilleRamJackAdam Duggins on Acquiring Minds: From Determined Searcher to $75m Accidental HoldcoBen Rizzo on Acquiring Minds: How a First-Timer Did a Turnaround (Including an Exit)Get 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 MindsLearn 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 TwitterCredits: Produced by Pam CameronEdited by Anton Rohozov

    1시간 20분
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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

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