Acquiring Minds Buying a Big $7m Trade School
Jan 8, 2024
Entrepreneurs Tyrel Sulzer and Bob Boniface discuss the benefits of buying a trade school that trains truckers. Topics include partnered searches, potential in blue collar businesses, buying a CDL school, job opportunities for graduates, competition in CDL training, and the future of trade schools.
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Diligent Partner Dating
- Test partnership compatibility through social and academic activities before committing.
- Like dating, these steps reveal personality fit and shared values for a successful search fund partnership.
Partnership Eases Emotional Risks
- Partnered searches mitigate emotional risk by easing loneliness during challenging deal breaks.
- Having a partner also allows dividing business tasks, increasing chances of success.
Choose Industry-Savvy Investors
- Vet investors by asking about their experience with your target industry and borderline deals.
- Choose investors who understand and support your specific blue collar focus to ensure better alignment.