Acquiring Minds A Non-Financial Reason to Buy a Business
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Aug 14, 2023 Discover Nick Akers' journey as he buys a business to create a supportive and employee-first leadership. Topics include his background as an inventor, the appeal of the MSP industry, building a positive company culture, and the importance of cash flow. He shares his plan for bolt-ons and reflects on his first 2 months as CEO. The podcast also discusses the benefits of using a search accelerator, the impact of company culture, and the process of closing a deal with the support of an accelerator.
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Vision for Employee-First Leadership
- Nick Akers bought a business to realize his vision of a supportive, employee-first leadership culture.
- Early signs indicate his vision is positively impacting the company within two months post-acquisition.
Inventor Turned Entrepreneur
- Nick invented advanced materials and raised around $25 million in venture capital for a startup.
- He eventually exited through a strategic acquisition by Emerson Electric after nearly eight years.
Leading Business Transformation
- Nick led professionalization at a chemical manufacturing business doubling its size over six to seven years.
- He introduced budgeting, employee reviews, IT modernization, and board management during his tenure.