

Acquiring Minds
Will Smith
Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business.
Also on YouTube:
https://www.youtube.com/@AcquiringMinds
Sign up for episode summaries at:
https://acquiringminds.co
Also on YouTube:
https://www.youtube.com/@AcquiringMinds
Sign up for episode summaries at:
https://acquiringminds.co
Episodes
Mentioned books

26 snips
Jul 1, 2024 • 1h 47min
Turning $500k into a $38m Holdco (No Investors)
Entrepreneur Garrison Snell shares his journey from a small recording artist marketing agency to a $38m holdco. Topics include early ventures in real estate, acquiring in manufacturing, leadership challenges, community-minded business, and applying Porter's 5 Forces.

9 snips
Jun 27, 2024 • 1h 43min
Candid Reflections on 7 Years of SMB Ownership
Ex-Marine Dan Verboski shares insights on buying a sign company & doubling its earnings, overcoming culture clashes, firing faster, building new company culture, personal changes post-burnout, standing out by answering phone calls, and growing as a leader in SMB ownership journey.

Jun 24, 2024 • 1h 8min
Announcing: Minds Capital
Actor and entrepreneur Will Smith partners in Minds Capital to invest in searcher deals. They discuss fund formation, fundraising challenges, evaluating deals systematically, and the value of community in a fund. The podcast covers motivations for raising a fund, differences in investor needs, and the importance of partnerships in the investment industry.

Jun 20, 2024 • 1h 29min
Why Work IN the Business You Buy (Not Just On It)
Former crew member turned successful business owner Colin Gates shares his journey of aggressive saving, buying a commercial painting business, managing prima donna employees, bidding jobs constantly, hiring, and strategies for business growth. He highlights the importance of cash flow, not requiring deposits, and having the seller stay on as an employee.

Jun 17, 2024 • 1h 54min
3x Revenue Despite Turnover, Hangovers & Threats
Entrepreneur JD Beck shares insights on transforming a small plumbing business into a larger market, tripling revenue in a year. Topics include lessons from a failed deal, modernizing operations, expanding through acquisition, raising prices, competitive pricing models, and attracting talent through reputation.

Jun 13, 2024 • 1h 40min
1 Business vs. Many: Deciding to Roll Up
Elliott Edge, an entrepreneur, shares insights on submitting LOI's, acquiring during Covid, remote work transition, and creating value through roll-ups. He discusses spouse's role in acquisition, MBA importance, and continuous change belief.

8 snips
Jun 10, 2024 • 1h 44min
2 Welders and a Shop... to $3.8m in Sales
Entrepreneur Matt Pohl and his wife quadrupled a small welding business in 2 years, highlighting challenges in hiring welders, managing cash flow, and growing margins. They share insights on acquiring a business, cashflow management, and using ReWild's methods for growth.

Jun 6, 2024 • 1h 57min
Buying a Bankrupt 117-Year-Old Manufacturer
Jens Grudno, a businessman with no prior manufacturing experience, shares insights on buying a failing straight-razor business. Topics include embracing risk in German business culture, pitfalls to avoid when buying a business, and developing a new, innovative product. Also discussed are challenges of operating a company far from home, the craft of manufacturing, and the value of going where there's less competition.

Jun 3, 2024 • 1h 57min
Rolling Up EBITDA and Rents with Auto Repair Shops
Experts Stephen Quindlen and Paul Westhart share insights on acquiring auto repair shops, employee benefits, SBA loans, real estate acquisition strategies, and the challenges in managing multiple shops. They discuss their successful venture in the Mountain West and recruiting workers from California to Idaho, offering valuable tips for entrepreneurs looking to enter unconventional industries.

May 30, 2024 • 1h 21min
3 Years Later, Climbing Out of the J Curve
Entrepreneur Matt Drndak shares his journey of doubling earnings in a parts business through strategic growth plans and patience. Topics include losing everything in the Great Recession, leveraging service to stand out from competitors, and doubling revenue in 3 years. He also discusses capturing the seller’s technical knowledge in YouTube videos and implementing EOS for future success.