Acquiring Minds

By: Will Smith
  • Summary

  • Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business. Also on YouTube: https://www.youtube.com/@AcquiringMinds Sign up for episode summaries at: https://acquiringminds.co
    2021 - 2023, Acquiring Minds
    Show more Show less
activate_Holiday_promo_in_buybox_DT_T2
Episodes
  • Bullseye: Buying a $1m SDE Business in a Hot Industry
    Jan 9 2025

    Pete Ciaverilla bought a $12m HVAC business, then grew earnings 50% in 3 years. His timing couldn't have been better.

    Topics in Peter’s interview:

    • Combining households with his parents while searching
    • Using a buy-side advisor
    • Funding less than 5% of the deal himself
    • Transitioning the seller’s family out of the business
    • Buying a company with 65 employees, $12M in revenue
    • Advantages of buying a bigger company
    • Balancing commercial and residential HVAC
    • Impact of seasonality on revenue
    • Why private equity likes HVAC
    • Feeling comfortable with taking on a large loan

    References and how to contact Peter:

    • LinkedIn
    • Twitter

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

    • The Acquisition Lab

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

    • Oberle Risk Strategies - Search Fund Team

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 55 mins
  • Taking a Flower Shop from $600k to $9 Million
    Jan 6 2025

    Michael Jacobson bought his uncle's barely-profitable 45-year-old flower shop in LA. In 4 years he's grown it 16x.

    Topics in Michael’s interview:

    • Revamping his uncle’s flower shop
    • Replacing the overpriced phone system
    • Building custom software for the floral industry
    • Why flower shops are hard to run
    • How “wire services” like 1-800 Flowers work
    • Switching to Google Ads for better ROI
    • Doubling revenue with a new website
    • Operating as a digital-first brand with physical locations
    • Becoming the French Florist franchise
    • Why he’s not interested in private equity money

    References and how to contact Michael:

    • LinkedIn
    • michael@frenchflorist.com
    • French Florist

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Get a complimentary IT audit of your target business:

    • Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher

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

    • Book a call with Tim or email hello@systemsix.com and mention Acquiring Minds

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 50 mins
  • The Path to Becoming a Better Operator & Strategist
    Jan 2 2025

    Tim Lahey has doubled the $1.6m company he bought, and buying small has prepared him well for the next phase of growth.

    Topics in Tim’s interview:

    • Being inspired by Doug Cook
    • Looking for a “dusty, not rusty” business
    • Partnering with an M&A firm to search
    • Acquiring a home technology company
    • Getting bitten on a cashflow crunch
    • Handling customer complaints as the owner
    • Culture of small businesses
    • Changing too much too fast
    • Listening for what customers want
    • Challenges of buying small

    References and how to contact Tim:

    • LinkedIn
    • timlahey@rhometech.com
    • r:home
    • The Trusted Advisor

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

    • Oberle Risk Strategies - Search Fund Team

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

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

    • The Acquisition Lab

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
    Show more Show less
    1 hr and 24 mins

What listeners say about Acquiring Minds

Average customer ratings
Overall
  • 5 out of 5 stars
  • 5 Stars
    3
  • 4 Stars
    0
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Performance
  • 5 out of 5 stars
  • 5 Stars
    3
  • 4 Stars
    0
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Story
  • 5 out of 5 stars
  • 5 Stars
    3
  • 4 Stars
    0
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

The BEST Searchfund Advice!

We love Will Smith and the insights his podcast gives to us that is applicable for the whole deal process. He will even bring on guests on years later for them to recap on the transition process and everything in between.

Thanks for everything, Will!

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

The best way to learn about search and acquiring small businesses

I’ve read Buy then Build, and HBR’s Guide to buying a Small Business. Both are great books on the nuts and bolts of ETA, but Will Smith’s podcast is then best way to learn from the experiences of over 100 acquisition entrepreneurs.

Great content, binge worthy, and always easy to listen to at >1.5x speed!

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!