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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:
    Stay Open to the Many Flavors of Search Nov 01, 2021
    Show notes

    Thanks to changing his search from traditional to self-funded, Chris Williams bought a $1m EBITDA bookkeeping business.

    Themes from Chris's interview:

    • Traditional versus alternative search fund models
    • The advantages of self-funded search (if you can afford it)
    • The appeal of bookkeeping businesses
    • How to stand out to potential sellers who have heard it all before
    • The first six months after acquisition

    Reach Chris at:

    • Chris [at] systemsix [dot] com
    • System Six

    Official episode page & full show notes at AcquiringMinds.co:

    • Stay Open to the Many Flavors of Search

    From Search Misery to Successful CEO Oct 28, 2021
    Show notes

    Steve Divitkos shares tips from his acquisition, from the solitude of search to the delicate balance of being a new CEO.

    Themes from Steve's interview:

    • The full lifecycle of a traditional search
    • The biggest myth about entrepreneurship
    • Surviving the search process
    • Why he bought Microdea
    • Managing relationships with the sellers (the price of peace)
    • What to do in your first two weeks as CEO
    • Why you should diagnose before you prescribe

    Reach Steve at:

    • His blog & podcast In the Trenches

    Official episode page & full show notes at AcquiringMinds.co:

    • From Search Misery to Successful CEO

    Buying a 45 Year Old Software Business Oct 25, 2021
    Show notes

    A podcast exposed Jason Budd to buying businesses. After 10 years in corporate, he'd found his path to entrepreneurship.

    Themes from Jason's interview:

    • How Jason found the right business with the help of a mentor and a podcast
    • Due diligence when it comes to finances and staff
    • Keeping your options open in case a sale falls through
    • Technical understanding of your acquired business
    • What the history of an established business can tell you
    • Getting to know the stories of the people who will work for you
    • Being the project manager of your own deal

    Reach Jason at:

    • Metasystems
    • LinkedIn

    Official episode page & full show notes at AcquiringMinds.co:

    • Buying a 45 Year Old Software Business

    How to Buy Landscaping Businesses Oct 21, 2021
    Show notes

    Closing on his 2nd acquisition in 10 months, Mike Botkin just became Central Florida's largest landscaping business.

    Themes from Mike's interview:

    • Acquiring a second landscaping business
    • Dropping customers to grow
    • Developing a playbook for operating a landscaping business
    • Treating your employees right
    • Downsides of SBA loans and traditional search funds
    • The invaluable resource of keeping the previous owner in the biz
    • Viewing landscaping from a logistics perspective
    • Why landscaping businesses are great acquisitions

    Reach Mike at:

    • LinkedIn

    Official episode page & full show notes at AcquiringMinds.co:

    • How to Buy Landscaping Businesses

    Anatomy of a Search: 40 Interns, 25 Months, 20 Offers Oct 17, 2021
    Show notes

    Jessica Markowitz used a traditional search fund to search for & ultimately buy a great business. But the road was long.

    Themes from Jessica's interview:

    • Acquiring a business through a traditional search fund
    • Leveraging an army of interns to power the search
    • Search fund partnership with a close friend
    • Maintaining a good relationship with a business owner even after they decline you
    • Running a legal services company without a law degree

    Reach Jessica at:

    • LinkedIn

    Official episode page & full show notes at AcquiringMinds.co:

    • Anatomy of a Search: 40 Interns, 25 Months, 20 Offers

    How to Choose Your Lender When Buying a Business Oct 14, 2021
    Show notes

    There are many lenders out there eager to finance your acquisition. SBA loan expert Lisa Forrest explains how to choose.

    Themes from Lisa's interview:

    • Working with lenders to secure an SBA loan
    • Choosing the right lender for you
    • How to prepare for your SBA loan conversation
    • Getting an SBA loan for SaaS and eCommerce businesses
    • How business owners can plan ahead for a cash crunch
    • Why now is a great time for buyers

    Reach Lisa at:

    • lisa [dot] forrest [at] liveoak [dot] bank
    • Live Oak Bank

    Official episode page & full show notes at AcquiringMinds.co:

    • How to Choose Your Lender When Buying a Business

    The Poetry of Buying a Blue Collar Business Oct 11, 2021
    Show notes

    Shannon Jones explains how acquisition entrepreneurs should navigate the realities of buying a blue collar business.

    Themes from Shannon's interview:

    • Killing relations with a blue collar seller by being too "quant"
    • Importance of vulnerability when negotiating
    • How to know if a blue collar business is in an industry that’s right for you
    • Managing blue collar employees and common pitfalls
    • Transitioning as a new owner of a blue collar business
    • When is the right time to make changes as a new owner?

    Reach Shannon at:

    • s jones [at] halstatt
    • LinkedIn
    • Halstatt Legacy Partners

    Official episode page & full show notes at AcquiringMinds.co:

    • The Poetry of Buying a Blue Collar Business

    What You Don’t Understand About Buying a Small Business Oct 07, 2021
    Show notes

    Due diligence expert Elliott Holland shares the top things he wishes he’d known when he first started buying businesses.

    Themes from Elliott's interview:

    • Started the due diligence firm he wished he’d had himself
    • For LOIs, don’t let perfect be the enemy of the good
    • Early information on an acquisition is +/- 40% correct (and that might be OK)
    • The information you get post-LOI is what matters
    • Don’t be surprised if the seller doesn’t trust you right away

    Reach Elliott at:

    • LinkedIn
    • Guardian Due Diligence

    Official episode page & full show notes at AcquiringMinds.co:

    • What You Don’t Understand About Buying a Small Business

    6 Ways Buying a Business Has Changed Since 2016 Oct 04, 2021
    Show notes

    Nick Haschka shares what's changed in the market since acquiring his first small business in 2016. (Hint: it’s harder.)

    Themes from Nick's interview:

    • The rise and fall of the “silver tsunami”
    • Private equity’s pivot from hands-off to getting dirty
    • MBAs jump into the acquisition arena
    • The labors of labor shortages
    • Why B2C is beating B2B
    • Saying yes to no-code

    Reach Nick at:

    • LinkedIn
    • Cub Investments
    • The Wright Gardner

    Official episode page & full show notes at AcquiringMinds.co:

    • 6 Ways Buying a Business Has Changed Since 2016

    How to Buy a Medical Billing Business Sep 28, 2021
    Show notes

    Less than a year after acquiring a $1m medical billing business, Curt Neider is already looking for his second deal.

    Themes from Curt's interview:

    • Buying a medical billing company doing ~$1 million/year
    • The appeal of medical billing businesses
    • Becoming a certified professional biller to understand the business
    • How Curt immediately improved operations
    • Separate line of credit for working capital (not rolled into SBA loan)
    • Acquiring with a partner
    • "Altruistic kicker" of buying a business that helps people
    • Second acquisition less than a year after the first

    Reach Curt at:

    • LinkedIn
    • Illuminate Billing Advocates

    Official episode page & full show notes at AcquiringMinds.co:

    • How to Buy a Medical Billing Business

    Previous 1 45 46 47 48 49 50 Next

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