

The Power of Conviction in Buying a Business
Dec 4, 2023
Matt Barnes shares his journey of buying a linen laundry business, emphasizing the importance of conviction in decision-making. He discusses the strategy of door-to-door outreach, getting emotionally invested in deals, and the realities of being an owner-operator. The podcast also explores the growth opportunities in the laundry industry and the philosophy of building a services business with the intention of selling it.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9
Introduction
00:00 • 3min
The Journey of Acquiring a Small Business
02:58 • 4min
The Discovery of Search
06:39 • 7min
The Power of Conviction and an Update on the Acquisition Lab
13:53 • 2min
The Importance of Resolve and Commitment
16:02 • 18min
The Importance of Conviction in Buying a Business
34:30 • 16min
Building a Services Business with the Intention of Selling
50:23 • 20min
Opportunities for Growth in the Laundry Business
01:10:12 • 11min
Final Thoughts on Buying a Business and Personal Growth
01:21:35 • 3min