Taking a Blue Collar Biz from $900k to $2.4m in Earnings
Acquiring Minds
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Gaining Experience and Choosing Between Searcher and Independent Sponsor
This chapter discusses the opportunity to write the ship of a sinking business and the valuable experience gained from a mentor. It also emphasizes the importance of setting up a new legal entity for the acquired business and highlights Aspen HR as a company that can assist with the transition. The speakers explain their decision to become a searcher instead of an independent sponsor, citing autonomy and control as key factors, and discuss the flexibility and appeal of self-funded searches compared to traditional search funds.
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