Acquiring Minds cover art

Acquiring Minds

By: Will Smith
  • Summary

  • 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
    2021 - 2023, Acquiring Minds
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Episodes
  • Rolling-Up to $15m EBITDA
    Apr 25 2024

    Robert Graham & Aaron Blick's first acquisition did $1.2m SDE. Four years later, their roll-up generates $15m in EBITDA.

    Topics in Robert & Aaron’s interview:

    • Going from lifelong friends to business partners
    • Impact of private equity on industry roll-ups
    • Running their companies remotely
    • A competing business poaching employees
    • Financial shocks after taking ownership
    • Why they believe in buying big
    • Necessity of hiring presidents to operate their businesses
    • Company presidents guaranteeing the SBA loan
    • Blending SBA loans with a roll-up model
    • How buyer-seller power dynamics shift after purchase

    References and how to contact Robert & Aaron:

    • Episode #149 Home Care Business: How to Buy and 2x an Agency
    • Episode #218 Taking the Plunge into Extreme Ownership
    • Robert Graham LinkedIn
    • Aaron Blick LinkedIn
    • Robert Graham Twitter
    • Pillar Health Group
    • SIG Partners

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of 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
    Show More Show Less
    1 hr and 45 mins
  • The Double Life of Owning a Business 2.5 Hours Away
    Apr 22 2024

    Get $200 off your ticket to the M&A Launchpad Conference in Houston on May 11th:

    • https://www.malaunchpad.com & enter code ACQUIRINGMINDS


    John Murphy pushed through divorce, $500k debt, and a bad broken deal to finally buy a 60-year-old business doing $8m.

    Topics in John’s interview:

    • Losing a deal one week before closing
    • Value of peer groups
    • How real estate compares to business ownership
    • Taking over a company before the deal closed
    • Unforseen transition expenses
    • Carl Allen’s business buying course
    • Leaving his W-2 to search for a business
    • Value of joining industry associations
    • Restructuring his workforce to increase margins
    • Buying a company with a management layer

    References and how to contact John:

    • LinkedIn
    • Dave Cole Decorators
    • John@dcd-inc.com

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • The Acquisition Lab

    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
    Show More Show Less
    1 hr and 31 mins
  • The Gritty, High-Capex Road to Millions
    Apr 18 2024

    Reid Tileston bought a business that relied on $800k trucks, capex he came to love for the fat margins they produced.

    Topics in Reid’s interview:

    • Working on the business instead of in it
    • Writing a book about acquisition
    • People are the worst and best part of business
    • Power of feedback and relationships for business owners
    • The company’s slow temp-to-hire process
    • Getting his CDL to be hands-on
    • Moving paper processes to the cloud
    • Pros and cons of an Employee Stock Ownership Program
    • Personally testing field service management tech
    • Risks of informing employees of a business sale

    References and how to contact Reid:

    • LinkedIn
    • Twitter
    • Grit It Done by Reid Tileston

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • 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
    Show More Show Less
    1 hr and 44 mins

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