Acquiring Minds

Watching Warren: How to Build a Mini-Berkshire

7 snips
Apr 15, 2024
Rafael Quinn shares his journey buying businesses in Panama & raising $28m to buy more in the US by selling everything on Craigslist, deciding to build a holdco, breaking his own rule buying a restaurant, turning sights to the US, structuring a holdco, and raising $28m.
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ADVICE

Management Continuity

  • Prioritize management continuity when buying a business.
  • Ensure a capable team is in place, especially when delegating management.
INSIGHT

Management and Business Size

  • Larger businesses often have better management teams due to higher revenue.
  • Smaller businesses, particularly owner-operated ones, pose succession risks.
ADVICE

Disruption Analysis

  • Evaluate a business's vulnerability to disruption beyond just competition.
  • Consider customer and provider concentration, regulatory issues, and product longevity.
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