Technological Upgrades and Financing Strategies

Derek Croft bought a $1m SDE business with a national footprint in an unusual niche. Just don't call him The Lice King.

Topics in Derek’s interview:

• Leaving Bain to search for a business
• Acquiring LiceDoctors
• Why it’s good for a profitable business to be imperfect 
• Personal satisfaction from helping customers
• Payroll emergency on day 2
• Competition in the lice removal industry
• High staff turnover despite good pay
• Speeding up their response time
• Raising public awareness of their service
• His goal to double in 5 years

References and how to contact Derek:

• LinkedIn
• LiceDoctors
• ETA Circle

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

• Matthias Smith of Pioneer Capital Advisory

Get a complimentary IT audit of your target business:

• Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher

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