Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast #105- Week 1 of Jack's Plumbing Business Acquisition
Mar 19, 2024
Business acquisitions are a rollercoaster of excitement and challenges! Jack shares his initial wins and hurdles just one week into his plumbing business acquisition. Discover the art of blending two companies, from financial management with QuickBooks to the importance of simplifying bookkeeping. The hosts discuss the emotional connections in marketing, the intricacies of purchasing systems, and setting up effective financial classifications for growth. Tune in as they navigate relocating operations and launching new workshops for future efficiency!
AI Snips
Chapters
Transcript
Episode notes
Smooth Acquisition Transition
- Jack Carr discusses his first week after acquiring a plumbing business, noting a surprisingly smooth transition.
- The seller and their team have been cooperative, and the primary change involves integrating software.
Podcast Recognition
- Jack Carr shares an anecdote about a restoration worker recognizing him from the podcast.
- This real-world encounter highlights the podcast's reach and impact.
Simplify Finances After Acquisition
- John Wilson advises combining businesses under one EIN into a single set of books and payroll.
- This simplifies financial management when acquiring a business.