Acquiring Minds

Written 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
  • How to Lead a Trades Business Without Knowing the Trade
    Feb 6 2025

    Register for the webinars:

    • 5 Stages of the Business Buying Process - Thu Feb 6 - https://bit.ly/4aNHmEz

    • Legal Aspects of Debt Financing - Thu Feb 13 - https://bit.ly/3PXBEX6


    Industry-agnostic Trip Biesanz brought his sales skills to a glass fabrication & install business doing $3m in revenue.

    Topics in Trip’s interview:

    • Being a franchisee for 7 years
    • Networking through MBBI and XPX
    • Working with Calder Capital to find a business
    • Narrowing down his search to construction
    • Value he saw in long-term employees
    • Managing cashflow in construction
    • Relying on his team in an unfamiliar trades business
    • Competitive nature of construction
    • Highs and lows of running a business
    • Franchising compared to owning an independent shop

    References and how to contact Trip:

    • LinkedIn
    • G&C Glass, Mirror & Construction
    • MBBI
    • XPX

    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

    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 24 mins
  • How to Move the Needle in a $600k SDE Trades Business
    Feb 3 2025

    Register for the webinars:

    • 5 Stages of the Business Buying Process - Thu Feb 6 - https://bit.ly/3En1vFu
    • Legal Aspects of Debt Financing - Thu Feb 13 - https://bit.ly/3EjjOex


    7 months into ownership of a $2m fencing business, Kirk Olson is learning how to manage culture, tech, and cash flow.

    Topics in Kirk’s interview:

    • Achieving financial independence, but deciding not to retire
    • Buying a business for a total life upgrade
    • Negotiating with very difficult sellers
    • Structuring real estate into the deal
    • Returning after the first deal died
    • Sales dropping after the transition
    • Learning to calculate the cost of a job
    • Introducing a CRM and ditching the fax
    • Making Mike’s Fencing a great place to work
    • Turning on digital marketing

    References and how to contact Kirk:

    • kolson@mikesfencing.com
    • Mike’s Fencing
    • John Murphy’s episode: The Double Life of Owning a Business 2.5 Hours Away

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

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

    Download the New CEO’s Guide to Human Resources from Aspen HR:

    • From this page or contact mark@aspenhr.com

    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
    Show more Show less
    1 hr and 41 mins
  • Awakening to Entrepreneurship to Buy a Not-Boring Business
    Jan 30 2025

    Register for the webinars:

    • Legal Preparation for Your Search - Thu Jan 30 - https://bit.ly/4hlhlic
    • 5 Stages of the Business Buying Process - Thu Feb 6 - https://bit.ly/3Qautet


    When Shell Zhang recognized her own tolerance for risk she stepped off a linear path to buy a $600k SDE travel business.

    Topics in Shell’s interview:

    • Buying a group tour business
    • Overcoming key-person risk
    • Going from a regional company to a national company
    • Avoiding “boring businesses”
    • Paying over asking price for the business
    • Why payment processors consider her business “high risk”
    • Starting from zero with online marketing
    • What her clients love about the business
    • Possible areas for growth
    • Her goal of redoing the website

    References and how to contact Shell:

    • LinkedIn
    • Nada’s Italy

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

    • The Acquisition Lab

    Get a complimentary IT audit of your target business:

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

    Download the New CEO’s Guide to Human Resources from Aspen HR:

    • From this page or contact mark@aspenhr.com

    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 42 mins

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