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From €4 Million, to Zero, to €12 Million

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Manage episode 515155655 series 2931927
Content provided by Will Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Will Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Despite skepticism from her US investors, Ivona Butcher bought (and tripled) a business in her native Czech Republic.

Topics in Ivona’s interview:

  • Doing business in a post-Soviet culture
  • Determination to acquire in the Czech Republic
  • Buying a business as a married couple
  • Getting into exhibition services right before Covid
  • Losing all revenue at onset of Covid
  • Pivoting to virtual events
  • Finding work for their carpenters and metalsmiths
  • Aggressively re-negotiating their loan with the bank
  • Buying back the seller note at a huge discount
  • Surviving Covid and doubling EBITDA

References and how to contact Ivona:

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

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

Get a complimentary IT audit of your target business:

Connect with Acquiring Minds:

Edited by Anton Rohozov
Produced by Pam Cameron

  continue reading

405 episodes

Artwork
iconShare
 
Manage episode 515155655 series 2931927
Content provided by Will Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Will Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Despite skepticism from her US investors, Ivona Butcher bought (and tripled) a business in her native Czech Republic.

Topics in Ivona’s interview:

  • Doing business in a post-Soviet culture
  • Determination to acquire in the Czech Republic
  • Buying a business as a married couple
  • Getting into exhibition services right before Covid
  • Losing all revenue at onset of Covid
  • Pivoting to virtual events
  • Finding work for their carpenters and metalsmiths
  • Aggressively re-negotiating their loan with the bank
  • Buying back the seller note at a huge discount
  • Surviving Covid and doubling EBITDA

References and how to contact Ivona:

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

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

Get a complimentary IT audit of your target business:

Connect with Acquiring Minds:

Edited by Anton Rohozov
Produced by Pam Cameron

  continue reading

405 episodes

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