Register here for the webinar, How to Buy a Business & Hire an Operator at Once
--
Get Remediation Company CIM - Request the NDA to get the CIM of the Midwestern niche remediation company.
--
Before acquiring a commercial painting business doing around $2m, Colin Gates worked on a crew as one of its painters.
Topics in Colin's interview:
- Aggressively saving while working in private equity
- Recurring revenue is BS
- Don’t sweat getting the perfect purchase price
- Working as a painter for a month before buying
- Managing prima donna employees
- His strategy of constantly bidding jobs and hiring
- Putting in a project manager and a GM
- Why he stopped requiring deposits
- The seller staying on as an employee
- Importance of cash flow in keeping a business going
References and how to contact Colin:
Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
Get a complementary pre-acquisition HR & PEO review for your target business:
Learn more about Walker Deibel's done-with-you buy-side advisory:
Connect with Acquiring Minds:
