Stark Naked Numbers Nikita Gossain: What happens after you buy a business?
We’ve talked about how to buy a business – but have you ever wondered what the first three to six months should look like for someone who’s just bought one?
Hi. Jason Andrew here, and you’re listening to Stark Naked Numbers – the podcast that strips
down the numbers of business, investing, and wealth creation to help you become a better entrepreneur and investor, and ultimately build your net worth.
Today I’m joined by Nikita Gossain. She’s a chartered financial analyst, an entrepreneur, and a mergers and acquisitions pro.
She’s also the director of Smokeshield, a commercial security and fire company that she purchased from a retired business owner.
In this episode, Nikita shares her search fund journey, from the initial decision between buying versus starting a business, building that initial relationship, how to extract the business’ most valuable data, and the time it takes to seal the deal. Nikita’s insights are a ripper. Enjoy.
Links:
Follow Nikita Gossain on LinkedIn.
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To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.
Show Notes:
(02:40) - What’s a search fund anyway?
(04:03) - The costs related to a search fund
(05:19) - Nikita’s investor journey: From funded to self-funded
(09:02) - Educating Australian investors on the search fund model
(14:07) - Nikita’s process: Proprietary outreach and relationship building
(16:52) - The Search & Acquisition Phase
(20:06) - Insights into Smokeshield
(22:15) - Key factors to consider in your search
(26:44) - How to value a small business
(30:38) - Nikita’s funding journey: From debt to equity
(37:39) - The first 3-6 months of business ownership
(43:23) - The questions you should ask before going on a search fund journey