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
...see more
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
...see more
Subscribe and Listen Anywhere
Recent Episodes of Acquiring Minds
Reflections on 2 Years in the Knife Fight
Register for the webinar:
How (and Why) to Choose a Franchise as an Acquisition Entrepreneur - https://bit.ly/4fa3CKB
Brett Kennedy has doubled & strengthened the sub-$1 million moving business he bought — but it hasn't been without pain.
Topics in Brett’s interview:
Being raised in an entrepreneurial familyBuying Furniture Taxi, a moving companyDriving the truck himself when employees don’t showSurprises the seller failed to mentionGood and bad of buying smallDaily stressors of running a small businessHiring a GMDoubling the business despite a shrinking marketYour employees are your customers The next company...Episode • 25 July 2024 • 1h, 38m and 35s
The Scrappy Path of a One-Man Holdco
Register for the webinar:
How (and Why) to Choose a Franchise as an Acquisition Entrepreneur - https://bit.ly/3WwZqNR
When Dustin Carreon reached a ceiling in his first small business, he used the profits to start buying other businesses.
Topics in Dustin’s interview:
Growing up in his parents’ scrapping businessInheriting and growing Freelance ElectronicsLearning the most from a difficult acquisitionTiming and luck mattersKey person risk in small-staff businessesHis mistake of expanding before establishing expectationsCross-training employees as part of his holdco visionAn investor attitude compared with an entrepreneur attitudeBuilding a holdco without a co...Episode • 22 July 2024 • 1h, 43m and 59s
Getting Reps: Helping Others Look at Deals Led to a Holdco
Register for the webinars:
Search Investor Roundtable: State of the Market - https://bit.ly/4cvUOwVOvercoming Common Deal Sticking Points - https://bit.ly/4cD9z17How (and Why) to Choose a Franchise as an Acquisition Entrepreneur - https://bit.ly/3LpQEuK
How Adam Markley evaluated thousands of businesses for sale and bought a handful of his own (6 in his portfolio today).
Topics in Adam’s interview:
Using online courses to teach business acquisitionSBA loans vs. seller notesRaising your potential with partnershipsHis holdco of 6 diverse companiesHow acquisitions in th...Episode • 18 July 2024 • 1h, 27m and 33s
Building a $10m EBITDA Leader in a Fragmented Space
Register for the webinars:
Search Investor Roundtable: State of the Market - https://bit.ly/4cCMyuZOvercoming Common Deal Sticking Points - https://bit.ly/3LkCpr3How (and Why) to Choose a Franchise as an Acquisition Entrepreneur - https://bit.ly/4f2hCGc
Nick Haschka & Dillan Ferguson are 5 months and 2 acquisitions into a roll-up targeting $50-60m revenue in 5 years.
Topics in Nick and Dillan interview:
How Nick and Dillan met on TwitterThe future of reliance on generatorsServing both residential and commercial customersSeparating the business into service and installation...Episode • 15 July 2024 • 1h, 24m and 54s
Buying & Growing a Business While Keeping a Day Job
Register for the webinars:
SBA Lender Roundtable: State of the Market - https://bit.ly/4bydwTeDue Diligence Office Hours - https://bit.ly/3WbVpxTSearch Investor Roundtable: State of the Market - https://bit.ly/45SWMEYPurchase Agreement Fights: How to Avoid (or Win) Them - https://bit.ly/4eQ7z79How Dominick Blue bought an air duct cleaning business and took it into HVAC services, all while retaining his W-2.
Topics in Dominick’s interview:
Keeping his W-2 while acquiring companiesMistakes he made during di...Episode • 11 July 2024 • 1h, 54m and 32s
Buy as Search Fund, Keep as Long-Term Owner
Register for the webinars:
SBA Lender Roundtable: State of the Market - https://bit.ly/4eTZ8YnDue Diligence Office Hours - https://bit.ly/3WbAs6hSearch Investor Roundtable: State of the Market - https://bit.ly/4eVYDxcPurchase Agreement Fights: How to Avoid (or Win) Them - https://bit.ly/4bwcgQxBy doubling a $3m EBITDA business Juan Aguilar bought with traditional search fund terms, he is able to hold it forever.
Topics in Juan’s interview:
Huge challenge of buying a business in Ce...Episode • 8 July 2024 • 1h, 50m and 35s
It Really Happened: 100% Financing for an $8m Business
Register for the webinars:
Thu July 11 - SBA Lender Roundtable: State of the Market - https://bit.ly/4eJqUXBFri July 12 - Due Diligence Office Hours - https://bit.ly/3VPQf9p
We caution against thinking you can find it: 100% seller financing. But Renan Cortez did — and on a sizable business.
Topics in Renan’s interview:
His background as an Army medicLearning about acquisition via Codie SanchezUsing a virtual assistant to search for a businessNegotiating a 100% seller noteFeeling motivated by philanthropySpending too much money too fast after transitionGetting a bridge loan to m...Episode • 4 July 2024 • 1h, 37m and 26s
Turning $500k into a $38m Holdco (No Investors)
Register for the webinars:
Thu July 11 - SBA Lender Roundtable: State of the Market - https://bit.ly/3XSdIcGFri July 12 - Due Diligence Office Hours - https://bit.ly/3W1zQA6
Garrison Snell enjoyed a modest exit at age 24. By 30, he'd parlayed that into a holdco with $9m EBITDA and a mission.
Topics in Garrison’s interview:
Building and exiting a recording artist marketing agencyHis objective to do the most good for the most peopleEarly ventures into real estateBuying and quickly selling a restaurantAcquiring in the manufacturing spaceUnderstanding and applying Po...Episode • 1 July 2024 • 1h, 47m and 22s
Candid Reflections on 7 Years of SMB Ownership
Register here for the webinar, How to Buy a Business & Hire an Operator at Once
https://bit.ly/3KJnYwg7 years ago Dan Verboski bought a sign business with $650k in earnings. He's doubled it, but ownership has taken a toll.
Topics in Dan’s interview:
Background in the Marines and retailBuying a sign company in Tyler, TexasCulture clashes and problem employeesSelling off his real estate to keep the business goingHow he learned to fire fasterBuilding a new company cultureMaking personal changes to recover from burnoutStanding out by answering the phoneWhat he wo...Episode • 27 June 2024 • 1h, 42m and 51s
Announcing: Minds Capital
Register here for the webinar, How to Buy a Business & Hire an Operator at Once
https://bit.ly/3KH9RaS
Will Smith has partnered with Niklas James & Max Lummis in a fund to invest in searcher & independent sponsor deals.
Topics in this episode:
Why raise a fund?How a fund comes togetherWhat it was like to raise money from LPs for a blind poolWhy a business might be great for a searcher but not an investorHow different investors have different needsWhy small acquisitions are hard for a fund to invest inValue of community...Episode • 24 June 2024 • 1h, 7m and 56s
© 2024 Skill Piper. All rights reserved