Jeremy Carter is a man on a mission. Hes spent the last 5 years operating a small business, now wants to purchase a “stable service business with positive cashflow and an outstanding reputation near Birmingham, AL”.
We talk about the “Buy then Build” mentality, some things he’s learned thus far in evaluating potential business purchases, the roadmap once he purchases a business and more.
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Show Notes
0:00:00 Welcome and context
0:01:40 What is Jeremy's background?
0:05:04 What inspired you to acquire an existing business over building something from scratch?
0:06:35 What are the key takeaways from those books?
0:08:25 How did you end up in this service business?
0:12:31 What is the ideal scenario with the past business owners?
0:13:04 What key levers are you looking to pull as soon as you acquire a new business?
0:16:03 What were the biggest surprises in acquiring an existing business?
0:18:33 What are the biggest risk in doing something like this?
0:20:31 What types of deals are you looking for and how you source those?
0:25:19 Where do you find the attorneys, lawyers, and brokers?
0:29:41 What was your due diligence process for the ones you've gone through?
0:33:56 What size of businesses are you most interested in acquiring?
0:36:05 Are you able to get loans for these businesses?
0:40:17 What you wish you knew then what you know now?
0:41:39 What books have most significantly impacted you?
0:43:51 Where can people find out more about you?
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