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From €4 Million, to Zero, to €12 Million
Manage episode 515155655 series 2931927
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:
- Ivona Butcher
- Corbin Butcher
- Beire
- Adam Rao on Acquiring Minds: Reviving a Covid-Crushed Business: $0 to $6M in 3 Years
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):
- Book a call with Tim or [email protected] and mention Acquiring Minds
Get a complimentary IT audit of your target business:
- Email Nick Akers at [email protected], and tell him you’re a searcher
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov
Produced by Pam Cameron
405 episodes
Manage episode 515155655 series 2931927
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:
- Ivona Butcher
- Corbin Butcher
- Beire
- Adam Rao on Acquiring Minds: Reviving a Covid-Crushed Business: $0 to $6M in 3 Years
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):
- Book a call with Tim or [email protected] and mention Acquiring Minds
Get a complimentary IT audit of your target business:
- Email Nick Akers at [email protected], and tell him you’re a searcher
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov
Produced by Pam Cameron
405 episodes
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