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
  • Micro-Acquiring to $300k SDE on 5 Hours Per Week
    Nov 27 2024

    Link Moser built a nearly-passive business portfolio by acquiring tiny web design & hosting shops on favorable terms.

    Topics in Link’s interview:

    • Learning to build websites in the 90’s
    • Starting a web design/hosting business
    • Sending out letters to target businesses
    • Acquiring other digital marketing agencies nearby
    • Integrating the businesses he bought
    • Customer attrition rates during transition
    • Getting bored with passive income
    • Considering buying a traditional, non-digital business
    • Willingness to sell his own business
    • Pros and cons of remote work

    References and how to contact Link:

    • LinkedIn
    • Windhill Design

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

    • Contact mark@aspenhr.com or visit Aspen HR

    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

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

    • Oberle Risk Strategies - Search Fund Team

    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 27 mins
  • High Margin & Big Upside in Lice Treatment
    Nov 25 2024

    Derek Croft bought a $1m SDE business with a national footprint in an unusual niche. Just don't call him The Lice King.

    Topics in Derek’s interview:

    • Leaving Bain to search for a business
    • Acquiring LiceDoctors
    • Why it’s good for a profitable business to be imperfect
    • Personal satisfaction from helping customers
    • Payroll emergency on day 2
    • Competition in the lice removal industry
    • High staff turnover despite good pay
    • Speeding up their response time
    • Raising public awareness of their service
    • His goal to double in 5 years

    References and how to contact Derek:

    • LinkedIn
    • LiceDoctors
    • ETA Circle

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

    • Matthias Smith of Pioneer Capital Advisory

    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

    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 38 mins

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