Acquiring Minds

By: Will Smith
  • Summary

  • 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
    2021 - 2023, Acquiring Minds
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Episodes
  • Buying Blue Collar (But Automated & Asset Light)
    Nov 21 2024

    Register for the webinars:

    • Understanding the Waterfall - Thu Nov 21 - https://bit.ly/4ftXfl8


    Carley Mitus bought a home inspection business doing $380k SDE that runs leans & requires only 10 hours per week.

    Topics in Carley’s interview:

    • Her goal to retire at 35
    • Partnering to do a search (maybe too quickly)
    • Building relationships with brokers
    • Buying a home inspection business
    • Rocky transition to ownership
    • Taking existing clients to dinner (25+ times)
    • Getting referrals from real estate offices
    • How they keep great inspectors
    • Tricky relationship with the seller
    • Earning the respect of their older colleagues

    References and how to contact Carley:

    • Instagram
    • Insight Home Inspection Services

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
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    1 hr and 19 mins
  • How 2 Entrepreneurs are Rolling Up a New Market
    Nov 18 2024

    Register for the webinars:

    • Understanding the Waterfall - Thu Nov 21 - https://bit.ly/3AMj6Fk


    Francisco Del Rio & Diego Silva are 5 acquisitions into a venture to consolidate veterinary practices in Chile & beyond.

    Topics in Francisco & Diego’s interview:

    • Vetting each other before partnering
    • Teaming up to roll up vet clinics in Chile
    • Pitching themselves to clinic owners
    • Searching during strict Covid lockdowns
    • Educating owners about business valuation
    • Understanding the seller’s perspective
    • Making variable compensation work
    • Teaching receptionists to use sales scripts
    • Finding investors and growing the business
    • Vision to expand to neighboring countries

    References and how to contact Francisco & Diego:

    • Diego Silva LinkedIn
    • diego@latamvet.com
    • Francisco del Rio LinkedIn
    • francisco@latamvet.com
    • Latam Vet

    Get a complimentary IT audit of your target business:

    • Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • The Acquisition Lab

    Get a free review of your books & financial ops from System Six (a $500 value):

    • Book a call with Tim or email hello@systemsix.com and mention Acquiring Minds

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 46 mins
  • How to Become an Independent Sponsor
    Nov 14 2024

    Register for the webinars:

    • Where Searchers Go Wrong - Thu Nov 14 - https://bit.ly/3O0im2a

    • Legal Office Hours: Understanding the Waterfall - Thu Nov 21 - https://bit.ly/3O3zqo2

    Sam Rosati & partners built the Sunbelt's largest commercial fencing contractor in 3 years. But the origins were modest.

    Topics in Sam’s interview:

    • His background in accounting and law
    • Being inspired by Chenmark and Brent Beshore
    • Acquiring Alpha Dumpsters with his brother
    • Birth of SMBash
    • Origin story of SMB Law
    • How an independent sponsor differs from a self-funded searcher
    • Investing in a commercial fencing business
    • The role of luck in success
    • Acquiring and consolidating fence businesses
    • Partnering with private equity

    References and how to contact Sam:

    • LinkedIn
    • Twitter
    • SMBootcamp
    • Chandler Reed on Acquiring Minds: Boom, Bust, Boom: Buying a Whiplash Business
    • John Hubbard on Acquiring Minds: Why Buy a Small Manufacturing Business? and Time to Sell? Growing EBITDA from $750k to $2m

    Get a free review of your books & financial ops from System Six (a $500 value):

    • Book a call with Tim or email hello@systemsix.com and mention Acquiring Minds

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 43 mins

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The BEST Searchfund Advice!

We love Will Smith and the insights his podcast gives to us that is applicable for the whole deal process. He will even bring on guests on years later for them to recap on the transition process and everything in between.

Thanks for everything, Will!

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The best way to learn about search and acquiring small businesses

I’ve read Buy then Build, and HBR’s Guide to buying a Small Business. Both are great books on the nuts and bolts of ETA, but Will Smith’s podcast is then best way to learn from the experiences of over 100 acquisition entrepreneurs.

Great content, binge worthy, and always easy to listen to at >1.5x speed!

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