Acquiring Minds
Trailer
Bonus
Episode 321
Season 1
How to Survive Buying into a Terrible Industry
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Months into his ownership, Ayo Phillips realized his industry was fatally flawed. He survived and 5 years later, exited.
Topics in Ayo’s interview:
- Acquiring with funding from a family office
- Buying a declining business in a competitive industry
- Unethical practices within his industry
- Being honest about your motivation to buy a business
- Losing 19 employees who became competitors
- Treating his business like a startup
- Pivoting from countertops to driveways
- The toll the business took on his family
- Successfully exiting the business
- His 16 Commandments of Search
References and how to contact Ayo:
Get a complementary pre-acquisition HR & PEO review for your target business:
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:
Credits:
Edited by Anton Rohozov
Produced by Pam Cameron