Acquiring Minds

Charles Barr, an entrepreneur who recently acquired DiMartino Plumbing, discusses buying a small business as a path to wealth. He shares why he chose plumbing, the numbers on the business deal, and why he's getting his plumbing license. He also highlights the advantages of buying a plumbing business, including financial benefits and the potential for growth.

Vivian Chen, an entrepreneur who bought and grew an abandoned online business while keeping her day job, shares advice for side hustlers, parallels between buying an online business and real estate investing, and knowing yourself as an acquisition entrepreneur. It takes longer than expected, so get started!

Chris Edwards, a recent acquirer of a flooring business, shares his tumultuous journey through the first six months of ownership. He reflects on the challenges of high stress, integrating new systems, and the emotional toll of leadership transitions. Chris emphasizes the importance of being a 'shock absorber' for your team and the value of gradual change. Despite the hurdles, he projects optimistic profits of $750k this year, revealing the competitive edge that guided his acquisition in the booming flooring industry.

Brute Force thrived during COVID, but 2021 hit hard. Sales plunged 60% in one month. Mike Brown bought it to fix it.Themes from Mike’s interview: Why Mike was "acquisition curious" and what made him pull the triggerBetting on yourself Unsexy local businesses vs. e-commerce How the iOS privacy updates are affecting e-commerce How Mike handled sales collapsing 60% from May to June Adversity making you -- or your business -- stronger (h/t Jocko Willink)Reach Mike at: LinkedInHis e-commerce company, Brute ForceOfficial episode page & full show notes at AcquiringMinds.co:Acquiring an $8m Distressed E-Commerce Biz

Cassi Niekamp didn't know anything about fencing when she acquired Bowden Fence. But she turned this to her advantage.Themes from Cassi’s interview: Bringing a student’s mind to your acquisition Using vulnerability to earn trust Doubling production in 60 days Building rapport with the seller Buying the first business you see Reach Cassi at: LinkedInHer company, Bowden FenceOfficial episode page & full show notes at AcquiringMinds.co:Buying a $1.2m Fencing Business & Earning Trust Quickly

Mike Gardon, an entrepreneur who made $100k/month by buying websites, shares his journey of acquiring websites, the benefits of buying over building, and the opportunities for smaller buyers. He emphasizes the importance of treating websites like a financial portfolio and having a foundation business. He also discusses the challenges of buying an affiliate site and the changing landscape of affiliate marketing. Mike's goal is to maximize freedom and family time while constantly learning new things.

5 tactics to boost sales of acquired e-commerce businesses — and other insights from e-commerce aggregator TCM Digital.Key themes from Golan's interview:There is still plenty of room for solopreneurs to made good e-commerce acquisitions.Prices of e-commerce businesses have gone up, but still good value there.5 tactics TCM uses to quickly boost sales of the e-commerce businesses they acquire.TCM Digital is an e-commerce aggregator based in Tel Aviv that has acquired 28 e-commerce businesses to date.Reach Golan Manor at:LinkedInTCM DigitalHammock Sky and Lens Ball are two of the TCM brands mentioned in the interview.Official episode page & full show notes at AcquiringMinds.co:Buy an E-Commerce Business: Tips from an Aggregator

How an outsider started with little money and bought 12 translation agencies in 6 years, aiming to reach €5m in revenue.Key themes from Cédric's interview:Acquired a translation agency in 2015 that was doing about €1.5m annually.He had little of his own money at that time and took a large loan to make the acquisition happen.6 years later, he's acquired 11 more agencies and is aiming to reach €5m in annual revenue by the end of 2021.Reach Cédric Sigoire at:LinkedInHis translation agency, DEMAN TranslationsOfficial episode page & full show notes at AcquiringMinds.co:€5m a Year by Acquiring Translation Agencies

Kelcey Lehrich, entrepreneur & CEO of 365 Holdings, discusses building an e-commerce acquisition company. Key topics include the appeal of e-commerce, choosing the right market, analyzing FedEx routes, and the benefits of acquisition entrepreneurship.

An early buyer on MicroAcquire, Spencer Scott acquired a SaaS for $280k. He analyzed the deal like a rental property.Key points from Spencer's story:He wasn't looking seriously for an acquisition but saw an opportunity and grabbed it: Median.The tech is what impressed him most. He couldn't believe the product was a small indy SaaS built by a couple developers.Median was selling for about 4x revenue, which was $75k ARR.Spencer learned the hard way to include teeth in an acquisition letter of intent.Reach Spencer Scott at:@AKASpencerScottSpencer's SaaS acquisition, Median.LinkedInOfficial episode page & full show notes at AcquiringMinds.co:Acquiring a $280k SaaS on MicroAcquire