Why Work IN the Business You Buy (Not Just On It)

Acquiring Minds

Register here for the webinar, How to Buy a Business & Hire an Operator at Once

• https://bit.ly/3Rto4Mc

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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:

• LinkedIn
• Twitter
• Mastercraft Coatings
• [e-mail]

Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:

• Smithlist - Operate & Lead a Business

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

• Contact [e-mail] or visit Aspen HR

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