6 Ways Buying a Business Has Changed Since 2016
10/04/21 • 26 min
Nick Haschka shares what's changed in the market since acquiring his first small business in 2016. (Hint: it’s harder.)
Themes from Nick's interview:
- The rise and fall of the “silver tsunami”
- Private equity’s pivot from hands-off to getting dirty
- MBAs jump into the acquisition arena
- The labors of labor shortages
- Why B2C is beating B2B
- Saying yes to no-code
Reach Nick at:
Official episode page & full show notes at AcquiringMinds.co:
Nick Haschka shares what's changed in the market since acquiring his first small business in 2016. (Hint: it’s harder.)
Themes from Nick's interview:
- The rise and fall of the “silver tsunami”
- Private equity’s pivot from hands-off to getting dirty
- MBAs jump into the acquisition arena
- The labors of labor shortages
- Why B2C is beating B2B
- Saying yes to no-code
Reach Nick at:
Official episode page & full show notes at AcquiringMinds.co:
Previous Episode
How to Buy a Medical Billing Business
Less than a year after acquiring a $1m medical billing business, Curt Neider is already looking for his second deal.
Themes from Curt's interview:
- Buying a medical billing company doing ~$1 million/year
- The appeal of medical billing businesses
- Becoming a certified professional biller to understand the business
- How Curt immediately improved operations
- Separate line of credit for working capital (not rolled into SBA loan)
- Acquiring with a partner
- "Altruistic kicker" of buying a business that helps people
- Second acquisition less than a year after the first
Reach Curt at:
Official episode page & full show notes at AcquiringMinds.co:
Next Episode
What You Don’t Understand About Buying a Small Business
Due diligence expert Elliott Holland shares the top things he wishes he’d known when he first started buying businesses.
Themes from Elliott's interview:
- Started the due diligence firm he wished he’d had himself
- For LOIs, don’t let perfect be the enemy of the good
- Early information on an acquisition is +/- 40% correct (and that might be OK)
- The information you get post-LOI is what matters
- Don’t be surprised if the seller doesn’t trust you right away
Reach Elliott at:
Official episode page & full show notes at AcquiringMinds.co:
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