The Double Life of Owning a Business 2.5 Hours Away

Acquiring Minds

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John Murphy pushed through divorce, $500k debt, and a bad broken deal to finally buy a 60-year-old business doing $8m.

Topics in John’s interview:

• Losing a deal one week before closing
• Value of peer groups
• How real estate compares to business ownership
• Taking over a company before the deal closed
• Unforseen transition expenses
• Carl Allen’s business buying course
• Leaving his W-2 to search for a business
• Value of joining industry associations
• Restructuring his workforce to increase margins
• Buying a company with a management layer

References and how to contact John:

• LinkedIn
• Dave Cole Decorators
• [e-mail]

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

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter