Acquiring Minds

Owner vs CEO: 2 Approaches to Buying a Business

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Jun 12, 2023
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ANECDOTE

Geographically Focused Search Success

  • Derek Turner convinced investors to allow a geographically focused search in Arizona, despite skepticism.
  • He treated each local lead as precious, using cold calls to build genuine relationships quickly.
ADVICE

Relentless Follow-Up Pays Off

  • Follow up relentlessly during the search; silence should never be assumed to mean no.
  • Persistence is key to getting a definitive yes or no from a business owner.
ANECDOTE

Support Despite Challenging Acquisition

  • Derek's traditional search investors supported him even through a challenging acquisition and rough operation years.
  • He committed to being a "good soldier," performing well despite discouragement, earning their continued trust.
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