Acquiring Minds

Navigating Failure: Buying a $5m+ Business that Collapses

Apr 3, 2023
Ask episode
Chapters
Transcript
Episode notes
1
Introduction
00:00 • 2min
2
How to Acquire a Business
01:47 • 2min
3
The Struggle to Buy a Small Business
03:18 • 3min
4
How to Qualify for a Partner
06:44 • 2min
5
The Pros and Cons of a Proprietary Search for Weather Related Business
08:35 • 2min
6
How to Avoid Too Much Waterfall in a Deal
10:50 • 2min
7
Hail Co.
12:27 • 2min
8
How to Get Business in the Hail Damage Industry
14:21 • 2min
9
How to Be a Successful Searcher
16:47 • 3min
10
The Benefits of Running a Sales Bootcamp
20:13 • 2min
11
How to Structure a Deal That Works for You
21:59 • 5min
12
The Tough Decision to Wind Out the Business
26:39 • 2min
13
The Cost of Shutting Down Your Business
28:11 • 5min
14
The Importance of Deal Fatigue
33:30 • 2min
15
The Importance of a Recursive Loan in a Business
35:55 • 2min
16
The Importance of a Mentality as an Entrepreneur
37:48 • 2min
17
Deck Chairs on the Titanic
39:52 • 4min
18
The Power of Humility
44:11 • 3min
19
The Darkest Moments of My Life
47:10 • 2min
20
How to Wind Down a Business With a Personal Guarantee
49:37 • 2min
21
How to Make Imperfect Decisions in a Difficult Situation
51:39 • 2min
22
The Power of Loyalty
53:55 • 2min
23
How to Buy a Weather Dependent Business
55:40 • 3min
24
How to Capture the Essence of a Company Culture in a Single Lunch Meeting
59:01 • 3min
25
The Cultural Mismatch of Values and Values
01:01:43 • 3min
26
The Benefits of Having a Longevity in a Business
01:04:23 • 4min
27
The Psychology of Selling a Business
01:08:41 • 4min
28
How to Choose When It's a Good Reason to Break a Deal
01:13:00 • 6min
29
How to Deal With Dishonesty in a Business
01:18:30 • 2min
30
The Importance of Tribes in Deal Breaking
01:20:33 • 4min
31
How to Reach Out to Entrepreneurs in Adversity
01:24:46 • 3min