Acquiring Minds White Collar Roll-Up from $700k to $12m
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Jul 29, 2024 
Jordan Evans, a former tech professional, shares his journey of transforming a small family-run language services business into a $12 million powerhouse in just six years. He discusses the challenges of acquiring the business from his parents and the importance of thorough preparation and creative financing. Evans highlights the value of strategic growth through acquisitions and organic expansion, while navigating family dynamics and team integration. He also addresses the effects of AI technology on the industry and opportunities awaiting those willing to invest.
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From Startups to Language Services
- Jordan Evans, after several startup attempts and a stint at booking.com, joined his family's language services business.
- Although initially consulting, he realized the potential for growth and bought the business in 2018.
Industry Immersion
- Gain deep industry knowledge before buying a business, ideally through direct involvement.
- This allows for a better assessment of the business's potential and the development of effective growth strategies.
A Family Affair
- Jordan overpaid for his parents' business, prioritizing family over strict negotiation.
- The two-year transition involved navigating family dynamics, legal and financial structuring, and understanding the industry.