Acquiring Minds
Trailer
Bonus
Episode 259
Season 1
Why Work IN the Business You Buy (Not Just On It)
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Before acquiring a commercial painting business doing around $2m, Colin Gates worked on a crew as one of its painters.
Topics in Colin's interview:
- Aggressively saving while working in private equity
- Recurring revenue is BS
- Don’t sweat getting the perfect purchase price
- Working as a painter for a month before buying
- Managing prima donna employees
- His strategy of constantly bidding jobs and hiring
- Putting in a project manager and a GM
- Why he stopped requiring deposits
- The seller staying on as an employee
- Importance of cash flow in keeping a business going
References and how to contact Colin:
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Get a complementary pre-acquisition HR & PEO review for your target business:
Learn more about Walker Deibel's done-with-you buy-side advisory:
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