Acquiring Minds

Doubling Revenue 6 Months after Acquisition

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Apr 1, 2021
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ANECDOTE

From Operator To Acquirer

  • Justin exited two prior companies and then started fractional COO consulting for small businesses.
  • He shifted from consulting to acquisitions to own portfolio companies because buying offered faster momentum than starting from scratch.
INSIGHT

Product-Market Fit Is The Biggest Edge

  • Buying a business that has found product-market fit removes the hardest startup barrier.
  • You can focus on scaling operations and marketing instead of proving demand from scratch.
ADVICE

Search Widely And Be Persistent

  • Cast a wide net: use brokers, marketplaces, direct outreach and personal networks while searching.
  • Expect the search to be arduous and review hundreds of listings to find 40–50 serious prospects.
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