How to Buy a $5m Business & Hire an Operator to Run It
Acquiring Minds
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*Understanding How He Brought on An Operator on Day 1 *
In acquiring a business, it is crucial to have a strategic plan in place, including finding an operator before closing the deal. The goal was to ensure the operator was ready to start on day one, with a playbook in place and being on the books of the entity a week beforehand. The approach was viewed as a primary investment, focusing on finding the right operator to align with the business goals, and transitioning from an entrepreneurial to a capital allocator mindset.
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