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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:
    8 Figure Exit, 2 Years After Buying the Business Apr 11, 2022
    Show notes

    How Keith Leimbach paid 6 figures for a business he saw on QuietLight, then exited for 8 figures two years later.

    *** Register for live episode here: https://bit.ly/3r6P1bD ***

    Themes from Keith’s interview:

    • The difference between buying and starting a business
    • It’s never “just add marketing,” even when it seems like it is
    • Growth by creating new products that customers are telling you they want
    • Not being afraid to outsource or delegate
    • Why Amazon FBA businesses aren’t for everyone
    • The Smash My Trash franchise
    • Building laundromats from scratch
    • Keith’s near-death plane crash

    Connect with Keith:

    • On LinkedIn: Keith Leimbach

    Connect with Acquiring Minds:

    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Links & mentions:

    • QuietLight
    • Empire Flippers
    • Website Closers
    • Transworld Business Advisors
    • Smash My Trash

    2 Common Risks in Search & How to Mitigate Them Apr 07, 2022
    Show notes

    Due diligence expert Elliott Holland looks at industry & owner/seller risk, and exactly what you can do to address them.

    *** Register for live episode here: https://bit.ly/3NGoSKa ***

    How to reach Elliott:

    • Guardian Due Diligence
    • LinkedIn

    How to Buy a $4m HVAC Business (at Age 24) Apr 04, 2022
    Show notes

    After big success with affiliate marketing online, @Gundwolf sought to acquire & build a more durable business.

    *** Register for live episode here: https://bit.ly/3tXHIEH ***

    Themes from @Gundwolf’s interview:

    • Appeal of durable offline businesses vs. online marketing businesses
    • Getting up at 4am to work 4 hours before going to day job
    • Achieving success in the affiliate marketing world
    • @Gundwolf’s personal philosophy of goals
    • Not being taken seriously as a 24-year-old
    • Protracted acquisition process
    • The importance of the buyer-seller relationship
    • Earning credibility among blue-collar crews
    • Challenges when both buyer & seller are doing their first acquisition

    Reach @Gundwolf at:

    • On Twitter: @gundwolf

    Connect with Acquiring Minds:

    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    What to Love About HVAC Acquisitions Mar 28, 2022
    Show notes

    Nathan Lenahan acquired an HVAC company with ~$1.2m in revenue for $400k. He's aiming to double sales in 2022 to $2.72m.

    Themes from Nathan’s interview:

    • The appeal of HVAC over other businesses in the trades
    • All the numbers behind Nathan's acquisition
    • Benefits of “buying small” in the SMB acquisition world
    • High professional satisfaction for skilled trades
    • Acquiring an HVAC business without industry knowledge
    • The importance of first-rate customer care
    • Leveraging multiple acquisitions to create a platform for easier home ownership

    Reach Nathan Lenahan at:

    • On Twitter: @n8lenahan
    • LinkedIn
    • Bart's Heating & Air

    Connect with Acquiring Minds:

    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    How & When to Make Changes at Your Acquisition Mar 24, 2022
    Show notes

    This is the rebroadcast of a panel that Acquiring Minds recently moderated at the annual ETA Summit at MIT.


    MIT's panel description:


    "First do no harm, then pull on the growth levers." Should you wait to make changes? Or take every opportunity you see? How and when should you make changes to your team or to your organizations that will help you get the most out of your organization?


    Speakers:

    • Trish Higgins - Partner, Chenmark Holdings; CEO, Cap’n Fish Holdings. Trish Higgins is a founding partner at Chenmark Holdings, a Portland, Maine based firm focused on the acquisition and long-term ownership of small businesses throughout North America. Outside of work, Trish can be found spending quality time with her husband and business partner, James, and their two kids.
    • Markus Scott - CEO, EyeQ Monitoring.Markus Scott is currently the CEO of EyeQ Monitoring, an AI-enabled surveillance and business intelligence technology company located in Atlanta, GA. He acquired the business in 2015 after raising a search fund at Kellogg in 2013. Prior to Kellogg, he worked in middle market private equity and played football at the University of Florida. He is married with two small kids, Ava (8) and AJ (7), and enjoys coaching, spearfishing and bourbon in his downtime.
    • Kush Das - CEO, Ennoble Care. Former healthcare consultant, healthcare lawyer, and EMS provider with value-based and community-based care experience. Kush acquired Ennoble Care in 2021.

    Shut Out by Industry Brokers, an Entrepreneur Finds a Way Mar 21, 2022
    Show notes

    Having witnessed the power of clean books, Patrick Dichter was driven to buy a $1.2m bookkeeping & accounting business.

    Themes from Patrick’s interview:

    • The appeal of bookkeeping for acquisition entrepreneurs
    • Seeing the power of clean books to transform a small business
    • Messaging used to reach out to owners of accounting & bookkeeping firms
    • Definition of bookkeeping vs. accounting
    • What it’s like to acquire a bookkeeping business when you’re not a CPA
    • Industry- and geography-specific search
    • Building a proprietary search funnel

    Reach Patrick Dichter at:

    • On Twitter: @patrickdichter
    • Appletree Business Services

    Connect with Acquiring Minds:

    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Links & mentions:

    • Cassi Niekamp on Acquiring Minds: Buying a $1.2m Fencing Business & Earning Trust Quickly
    • Casey Clark on Acquiring Minds: What to Acquire: 3 Hot Sectors for Business Buyers
    • RevLocal
    • Cultivate Advisors
    • Professional Association of Small Business Accountants (PASBA)
    • Chris Williams on Acquiring Minds: Stay Open to the Many Flavors of Search

    How to Buy a Business Using Tactics from B2B Tech Sales Mar 14, 2022
    Show notes

    George Vallone unpacks how he used cold outreach to find an off-market cleaning biz doing $1m and buy it for 2x EBITDA.

    Themes from George’s interview:

    • Prioritizing recurring revenue in the search criteria
    • The importance of messaging when approaching business owners
    • Using a funnel approach in the search
    • The differences between residential cleaning and commercial cleaning
    • The economics of apartment turnover
    • Using customer service as a marketing tool
    • Getting a good deal by betting big
    • How to avoid cash flow crunch during transition

    Reach George at:

    • george at george vallone dot com
    • Nuveldy’s Apartment Turnover Services

    Transatlantic Search for a $1m+ EBITDA Business Mar 07, 2022
    Show notes

    Before embarking on his search, Alex Glasner interviewed 50 searchers & uncovered 2 key attitudes necessary for success.

    Themes from Alex’s interview:

    • Wanting to run a business, but not knowing where to start
    • Learning from people whose searches failed
    • The importance of moving quickly with sellers
    • Buying a mission and not just a job
    • The value of being decisive in a search
    • Merging proprietary and brokered search styles
    • Pausing to understand the business before making another acquisition

    Reach Alex at:

    • alex at workpays dot co dot uk

    Buying a 20-Year-Old Online Business Mar 03, 2022
    Show notes

    Looking to buy a part-time online biz as he neared retirement, Dave Bramlett found it in a resume service doing $1.5m.

    Themes from Dave's interview:

    • Making a career of buying small businesses
    • Buying a functioning business allows for immediate cash flow
    • Finding businesses on BizBuySell
    • Bring in the experts for due diligence
    • Maintaining a positive relationship with the seller
    • Know your strengths as a buyer
    • Always be open to new businesses for sale

    Reach Dave at:

    • dave at resume writing group dot com

    6 Months in the Truck: Buying an Ice Delivery Biz Feb 28, 2022
    Show notes

    Brandon Adams bought a $850k EBITDA ice delivery company only to discover he'd be doing deliveries himself for 6 months.

    Themes from Brandon's interview:

    • Doing a local proprietary search
    • Identifying brokers you can trust
    • Managing purchase price after an anomalous year
    • The silver lining of a due diligence oversight
    • Being a great leader as a new owner
    • The appeal of owning businesses in various industries

    Reach Brandon at:

    • brandon at k4inv dot com

    Previous 1 42 43 44 45 46 50 Next

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