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    Business

    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

    Advertise

    Copyright: © 2021 - 2023, Acquiring Minds

    • Apple Podcasts
    • Google Play
    • Spotify

    Latest Episodes:
    Product-Market Fit in the Trades: 4x in 2.5 Years Jul 23, 2026
    Show notes

    Patrick Beal left tech to buy an HVAC business with 90% seller financing, no SBA. He's on track to hit $3.5m this year.

    Register for the webinar:

    • Working Capital: One of ETA’s Most Expensive Mistakes - TODAY!! - https://bit.ly/4f8pSGY

    Topics in Patrick interview:

    • Entrepreneurship in his family
    • Zoom fatigue from remote work
    • Searching in Northeast Ohio
    • Finding a business through his network
    • Meeting with the seller for almost a year
    • Structuring 10% down, 90% seller note
    • Underestimating working capital needs
    • Keeping his W-2 until the business grew
    • Quadrupling revenue in 2 years
    • Working on getting his HVAC license

    References and how to contact Patrick:

    • LinkedIn
    • Temperature Control Maintenance
    • Linh Tran on Acquiring Minds: The Dream Outcome: From $300k to $5m EBITDA
    • Steve Carroll on Acquiring Minds: ETA Unicorn: $1 Billion in Revenue in 5 Years

    Download the New CEO’s Guide to Human Resources from Aspen HR:

    • From this page or contact jenny@aspenhr.com

    Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

    • Pioneer Capital Advisory

    Get a complimentary IT audit for acquisition diligence or post-close transition.

    • Visit inzotechnologies.com/eta.

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Edited by Anton Rohozov and produced by Pam Cameron


    No SBA, No Investors: The Liquidity Access Line Jul 20, 2026
    Show notes

    Brian Jungles bought a $400k direct mail business in Atlanta and skipped SBA by pledging his portfolio as collateral.

    Register for the webinars:

    • Don't Rush: How to Prepare for a Quality of Earnings Report - TOMORROW! - https://bit.ly/3T4OQOJ
    • Working Capital: One of ETA’s Most Expensive Mistakes - Thu, Jul 23 - https://bit.ly/3T1aELe

    Topics in Brian’s interview:

    • Leaving his corporate career at Adobe
    • Finding a business through his network
    • Acquiring for $400k cash
    • Getting a personal line of credit through his bank
    • Direct mail is still effective
    • Growth is a lot of work
    • Humbling experience of learning Quickbooks
    • Picture-perfect transition of ownership
    • Learning to translate “corporate speak”
    • “The entrepreneur community all wants to help each other.”

    References and how to contact Brian:

    • LinkedIn
    • City Publications Atlanta

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Get 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 Minds

    The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:

    • The Acquisition Lab

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Edited by Anton Rohozov and produced by Pam Cameron


    Acquiring a $7m Niche Marketing Agency with 50 Employees Jul 16, 2026
    Show notes

    Rob Belk networked his way to "the most caffeinated guy in town" searching for a local business — then found it online.

    Register for the webinars:

    • From Working IN the Business to ON the Business: How Owners Make the Transition - TODAY!! - https://bit.ly/4aKP3fY
    • Don't Rush: How to Prepare for a Quality of Earnings Report - Tue, Jul 21 - https://bit.ly/4feY1DP

    Topics in Rob’s interview:

    • Geographic search in the Triad of North Carolina
    • Networking with local business owners
    • Finding a business through Axial
    • Buying a marketing and consumer research agency
    • His choice to stay out of the weeds
    • Bringing in a consultant (maybe too) early
    • How his agency intersects with the trades
    • Structuring a 50% earnout
    • Consensus-based leadership style
    • Finding clients through Substack

    References and how to contact Rob:

    • LinkedIn
    • Sales Factory
    • Adam Duggins on Acquiring Minds: How to Build a Holdco of 4 Blue Collar Businesses in 10 Years
    • Joe Soelberg on Acquiring Minds: Buying Small to Then Buy Larger $1m SDE
    • Bryan Houck on Acquiring Minds: 4th Time's the Charm: 3 Broken Deals to Buy a Great Business
    • Scott Alexander on Acquiring Minds: Rebuilding from 80% Collapse to Mid 7 Figures Revenue
    • Rob’s 10-page Search Learnings

    Get 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 Minds

    Download the New CEO’s Guide to Human Resources from Aspen HR:

    • From this page or contact jenny@aspenhr.com

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Edited by Anton Rohozov and produced by Pam Cameron


    Escaping the J-Curve in a $700k SDE Ecom Business Jul 13, 2026
    Show notes

    Chris Farkas endured a 7-week fetal position moment when he finally found a website bug that had cost him $500k in sales.

    Register for the webinar:

    • From Working IN the Business to ON the Business: How Owners Make the Transition - Thu, Jul 16 - https://bit.ly/4vRBhk8

    Topics in Chris’s interview:

    • Going through Acquisition Lab
    • First deal fell through on Christmas Eve
    • Acquiring an ecommerce business with a warehouse
    • Buying inventory he didn’t want
    • The marketing agencies that hurt his business
    • Business almost tanked due to website glitch
    • Doing $10k in sales per day
    • Hardship of traveling every other week
    • Why he stays off Amazon
    • Make only one change at a time

    References and how to contact Chris:

    • LinkedIn
    • EmergencyKits.com
    • Russ Hadlock on Acquiring Minds: The Front Lines of a Crisis
    • Dave Richards of Keystone Business Advisors
    • Kalen Foster of Live Oak Bank

    Get a complimentary IT audit for acquisition diligence or post-close transition.

    • Visit inzotechnologies.com/eta.

    The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:

    • The Acquisition Lab

    Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

    • Pioneer Capital Advisory

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Edited by Anton Rohozov and produced by Pam Cameron


    Never Worked Harder, Never Been Happier Jul 09, 2026
    Show notes

    After 25 years in corporate, Gina Rosen bought a jewelry wholesaling business with $635k in sales — now on track to $1m.

    Register for the webinar:

    • Finance Essentials Before You Close - TODAY!! - https://bit.ly/4fcxTdK

    Topics in Gina’s interview:

    • Leaving corporate for more family time
    • Decoupling her salary from her value
    • Acquiring the supplier for her side gig
    • Her mistake with buying inventory
    • Keeping her corporate job the first year
    • Going full time in the business to focus on sales
    • Standing out by making sales calls in-person
    • Operating a highly seasonal business
    • How tariffs have affected her business
    • Acquiring without the SBA

    References and how to contact Gina:

    • LinkedIn
    • Seasons Jewelry

    The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:

    • The Acquisition Lab

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Download the New CEO’s Guide to Human Resources from Aspen HR:

    • From this page or contact jenny@aspenhr.com

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Edited by Anton Rohozov and produced by Pam Cameron


    Career Consultant Who Bought a 7-Figure Manufacturer Jul 06, 2026
    Show notes

    Buying a metal fabricator with $1m in earnings pivoted Paul Callahan into the new entrepreneurial chapter of his career.

    Register for the webinar:

    • Finance Essentials Before You Close - Thu, Jul 9 - https://bit.ly/4eMaUow

    Topics in Paul’s interview:

    • M&A, integrations, and private equity experience
    • COVID Zoom fatigue sparked career pivot
    • Atlanta’s crowded deal market challenges
    • Hiring buy-side help while still working
    • Pursuing full ownership without outside investors
    • Navigating two simultaneous LOIs carefully
    • Choosing SBA 504 over 7(a) financing for the real estate
    • Acquiring a high capex business
    • Replacing Ferrari equipment with Toyota reliability
    • Why consultants make strong ETA operators

    References and how to contact Paul:

    • LinkedIn
    • Metro Metal Works

    Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

    • Pioneer Capital Advisory

    Get a complimentary IT audit for acquisition diligence or post-close transition.

    • Visit inzotechnologies.com/eta.

    Get 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 Minds

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Edited by Anton Rohozov and produced by Pam Cameron


    (replay) Art of the Roll-Up: 40 Businesses in 4 Years Jul 02, 2026
    Show notes

    Jeff Homer bought a small local music school as a fun side hustle. It turned out to be the opportunity of a lifetime.

    Topics in Jeff interview:

    • Switching from high finance to music schools
    • Buying his first music school as a side project
    • Raising growth equity after first 2 acquisitions
    • Acquiring a music school every month
    • Artists’ negative predisposition toward selling
    • Comparing profitability of music vs. dance
    • Importance of general managers in scaling
    • Implementing apps to streamline operations
    • Other industries with roll-up potential
    • Rolling up 60+ music/dance schools nationwide

    References and how to contact Jeff:

    • LinkedIn
    • Ensemble Performing Arts

    Download the New CEO’s Guide to Human Resources from Aspen HR:

    • From this page or contact jenny@aspenhr.com

    Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

    • Pioneer Capital Advisory

    The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:

    • The Acquisition Lab

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Edited by Anton Rohozov and produced by Pam Cameron


    Growing a $5m Metal Business 40% in Year 1 Jun 29, 2026
    Show notes

    Caleb Standafer believed in manufacturing and wanted to spend his career there. A multi-year pivot and ETA got him in.

    Topics in Caleb’s interview:

    • Moving from tech to manufacturing
    • Manufacturing is important for our country
    • 7 years operating before searching
    • The manufacturing concept of “going to Gemba”
    • His 4-year part-time search
    • Taking time weekly to develop his leaders
    • Partnering with his dad
    • Modernizing 1970s technology
    • Managing 75% customer concentration
    • Renegotiating payment terms with his largest customer

    References and how to contact Caleb:

    • LinkedIn
    • Springfield Tool & Die

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Get 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 Minds

    Get a complimentary IT audit for acquisition diligence or post-close transition.

    • Visit inzotechnologies.com/eta.

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Edited by Anton Rohozov and produced by Pam Cameron


    How to 4x EBITDA in 3 Years Without Growing Sales Jun 25, 2026
    Show notes

    Ned Tomasevic navigated an early crisis then grew EBITDA to $6m and exited at over 8x, four turns higher than he'd paid.

    Register for the webinar:

    • Transferable Skills: Crafting Your Resume for SBA Lenders - TODAY!! - https://bit.ly/4v3KOnf

    Topics in Ned’s interview:

    • Being the first American in his family
    • Utilizing 20 interns for outreach
    • Acquiring with help from a search fund
    • Post-closing discovery led to lawsuit
    • Stress shows up in your body first
    • Getting guidance from his coach and mentors
    • Reducing shrink from 20% to 3%
    • Quadrupling EBITDA in 3 years
    • Taking a year off after exiting
    • His new role as investor, coach and mentor

    References and how to contact Ned:

    • LinkedIn
    • Searchers Fund
    • Jason Jackson on Acquiring Minds: How to Recover from a Fraudulent Seller

    Get 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 Minds

    Download the New CEO’s Guide to Human Resources from Aspen HR:

    • From this page or contact jenny@aspenhr.com

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Edited by Anton Rohozov and produced by Pam Cameron


    Leaving $700s/Yr to Buy an Underperforming Printing Business Jun 22, 2026
    Show notes

    Dominick Smith left a lucrative track in PE to pursue a path that offered more meaning. Buying a business has delivered.

    Register for the webinars:

    • Overcoming Common Deal Sticking Points - TOMORROW!! - https://bit.ly/3Qx1g0W
    • Transferable Skills: Crafting Your Resume for SBA Lenders - Thu, Jun 25 - https://bit.ly/4uOEqQD

    Topics in Dominick’s interview:

    • Leaving a lucrative job in his late 20’s
    • Dodging bullets with due diligence
    • Renegotiating purchase price
    • Managing white collar vs blue collar employees
    • Wasting money on ineffective marketing
    • Learning budgeting and frugality
    • Advantages of staying in the weeds
    • Aggressively pursuing new business
    • Discovering and fixing poor website speeds
    • His intent to sell the business

    References and how to contact Dominick:

    • LinkedIn
    • Printmoz.com
    • Heather Endresen at Viso Business Capital
    • Brendan O’Brien at Huntington Bank
    • Aizik Zimmerman on Acquiring Minds: Founder Mode for ETA: $6m to $25m in 3 Years

    Get a complimentary IT audit for acquisition diligence or post-close transition.

    • Visit inzotechnologies.com/eta.

    The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:

    • The Acquisition Lab

    Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

    • Pioneer Capital Advisory

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Edited by Anton Rohozov and produced by Pam Cameron


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