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10 Companies: Bought, Sold & Started Christine McDannell

Show Notes:
00:00 Intro
00:58 First Acquisition - Cleaning company
02:04 23 years old and cleaning homes
03:30 Acquiring market share, negotiating from $100k to $40k
04:52 How to integrate acquisitions without issues
06:04 How she sold he cleaning company MORE CASH
07:21 Opinion on the 1st broker experience
08:45 Why she sold
09:15 $250,000 in her account
10:53 Her next project: Wellness center - 3 competitor acquisitions
14:33 Using cash for acquisitions - wise decision?
15:40 Integration lessons
17:56 Who are her mentors - GKIC
19:55 Goal setting
21:40 A $1.2 Million skin graft Lawsuit story
25:12 Selling by herself on BizBuySell
26:00 the story on how she became a business broker
28:00 why did she call her company magnolia
28:36 where she found the deals to sell
29:57 Closing on 5 transactions in Dec
31:40 Her Fastest Close - 24 Hours
37:21 How she preps new sellers
43:16 How did she identify what she does not have/know
46:13 How she used the "4 Hour Work Week"
49:30 Talking about a few listings on themagnoliafirm.co
52:00 All cash or debt?
53:35 Dirty little secret with SBA loaners

10 Companies: Bought, Sold & Started Christine McDannell - Top M&A Entrepreneurs