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When a $2.8m Acquisition Is More Like Zero-to-One

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Manage episode 521280713 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.

Dave Gilbert spent 2 years fixing the model and customer concentration of the $750k SDE family business he bought with SBA debt.

Topics in Dave’s interview:

  • Leaving tech to buy a white collar business
  • Meeting with 120 owners while searching
  • Buying a business he initially passed on
  • Risks of family members as employees
  • Financial surprises after the transition
  • Losing 23% of revenue when clients left
  • Accountants do not like change
  • Recruiting top talent
  • Importance of listening to employees
  • Transferring his zero-to-one skills

References and how to contact Dave:

Get a complimentary IT audit of your target business:

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

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

Connect with Acquiring Minds:

Edited by Anton Rohozov
Produced by Pam Cameron

  continue reading

415 episodes

Artwork
iconShare
 
Manage episode 521280713 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.

Dave Gilbert spent 2 years fixing the model and customer concentration of the $750k SDE family business he bought with SBA debt.

Topics in Dave’s interview:

  • Leaving tech to buy a white collar business
  • Meeting with 120 owners while searching
  • Buying a business he initially passed on
  • Risks of family members as employees
  • Financial surprises after the transition
  • Losing 23% of revenue when clients left
  • Accountants do not like change
  • Recruiting top talent
  • Importance of listening to employees
  • Transferring his zero-to-one skills

References and how to contact Dave:

Get a complimentary IT audit of your target business:

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

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

Connect with Acquiring Minds:

Edited by Anton Rohozov
Produced by Pam Cameron

  continue reading

415 episodes

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