Acquiring Minds

Danny Fields & Steve Reis share their journey of buying a utility supplier, increasing cold outreach response rate, workforce near retirement, acquiring product lines, and building a manufacturing company. They discuss the challenges of running a business, the future of renewable energy, and the importance of buying a growing business.

SBA lender Chad Fondriest shares his journey of acquiring a small hobby business and growing it to $4 million in revenue in just 2 years. Topics include quadrupling revenue, selling on Wayfair, managing inventory, forecasting trends, and the challenges of competing in ecommerce.

Tato Corcoran's journey from tech to buying a manufacturing business, struggles with hiring unskilled labor, raising prices by 40%, importance of good growth, doubling revenue, using direct mail to connect with sellers, learning Spanish to communicate with employees

Russ Hadlock shares his journey of acquiring an auto glass business, facing challenges like soaring expenses, layoffs, and renegotiating loans. He navigates financial crises, discusses consolidation as a last resort, and highlights the struggles of business ownership amidst a pandemic.

Ben Rizzo shares his journey of acquiring and selling a distressed elevator business, including funding the search, making quick changes after acquisition, doubling the business, and competing with private equity. He discusses surviving challenges, calculating risks, and buying healthy businesses for his next venture.

Nathan Gregory shares his journey from music to media business acquisition, including managing pop stars and pivoting to trade publications. He discusses the challenges and triumphs of buying a media company, the value of print media, and the importance of audience-first approach. The podcast explores the entrepreneurial journey and industry events for B2B businesses, highlighting strategies, challenges, and growth opportunities.

Topics in the podcast include acquiring a plumbing business, challenges with employee turnover, surprises in client loss, complexities of working capital, underestimating salary needs, and the recommendation to hold off on strategy. The host also shares references for further information and contact details of the guest.

In this podcast, Will Wright shares his experience of buying a big event rental business and navigating through the challenges brought by Covid-19, including fulfilling contracts after a warehouse fire, layoffs, and salary cuts. He also discusses the value of company culture, building and strengthening the business during the pandemic, and creating an incentive strategy for employees. Additionally, he talks about Texas as an attractive place for business and how his sailing experience prepared him for leadership. The podcast concludes with insights on their successful business sale.

Adam Borcz, experienced entrepreneur, discusses his success in growing a blue collar business and doubling its earnings in 4 years. Topics include: working for a fundless sponsor, pros and cons of having the federal government as a customer, doubling the workforce in a tough labor market, and tying profit sharing to gross profit.

Nick Patrick shares his experience of turning $20k into $900k in 19 months by buying and selling a wedding catering business. He discusses the challenges of acquiring a business without an SBA loan, improving operations, and handling conflict. The podcast also covers topics like cash flow advantages, selling the business, and operational challenges in the wedding services industry.