Acquiring Minds  By  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
  • How an American Bought a Canadian Business
    May 2 2024

    Most first-timers shy away from buying across borders. Not Christi Loucks, whose Canadian acquisition did $550k of SDE.

    Topics in Christi’s interview:

    • Buying a business for personal fulfillment
    • Painful broken deals
    • Challenges of buying a cross-border business in Canada
    • The positive role emotions play in dealmaking
    • Losing (and regaining) 55% of her clients after transition
    • The line between cold outreach and spam
    • Constant change in the tech industry
    • Unexpected expenses after transition
    • Planning for her maternity leave
    • Her husband’s return to a corporate job

    References and how to contact Christi:

    • LinkedIn
    • Revenue Accelerator
    • Neil Bearden

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

    • Contact mark@aspenhr.com or visit Aspen HR

    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 34 mins
  • Selling $100k of Dog Training… Per Day
    Apr 29 2024

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

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


    Garth Fasano searched part time for 5 years before finding a target with very sticky revenue & great business-buyer fit.

    Topics in Garth’s interview:

    • Searching for 5 years
    • Benefiting from the SBA looking at calendar-year financials (not TTM)
    • Top Dog’s unique business model
    • Why this business should be bought, not built
    • His relationship to a dog training franchise
    • Impact of outcome-based pricing
    • Purposely hiring less-experienced sales people
    • How Top Dog differs from online marketing
    • Expanding to industries outside of dog training
    • His passion project: ski huts

    References and how to contact Garth:

    • Garth@topdogsalescenter.com
    • LinkedIn
    • Top Dog Sales Center

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

    • The Acquisition Lab

    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 43 mins
  • 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

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The BEST Searchfund Advice!

We love Will Smith and the insights his podcast gives to us that is applicable for the whole deal process. He will even bring on guests on years later for them to recap on the transition process and everything in between.

Thanks for everything, Will!

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The best way to learn about search and acquiring small businesses

I’ve read Buy then Build, and HBR’s Guide to buying a Small Business. Both are great books on the nuts and bolts of ETA, but Will Smith’s podcast is then best way to learn from the experiences of over 100 acquisition entrepreneurs.

Great content, binge worthy, and always easy to listen to at >1.5x speed!

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