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Acquiring Minds

How to Buy & Transform a 120-Year-Old Manufacturer

20 Feb 2025

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Register for the webinars:Using a Sale-Leaseback to Buy a Business - Thu Feb 20 - https://bit.ly/3QjGZYRFirst 100 Days: Survive & Thrive as a New Business Owner - Wed Feb 26 - https://bit.ly/4hCxC2GSubscribe to the new podcast, Meeting of the Minds:On YouTubeSpotify & Apple links coming soon!Lucas Philips bought a niche manufacturer with $200k SDE, aiming to make it an ecommerce/DTC business. It's working.Topics in Lucas’s interview:How his startup mindset influenced his acquisitionBuying a super-niche manufacturer at age 23Motivating staff (or not) with $3/hr raisesLearning to fire and trust his instinctsModernizing the businessAdvantages of buying a business youngAnxiety issues post-acquisitionHow bolt-ons have lengthened the J curveExpanding into the Porsche marketLooking ahead to using AIReferences and how to contact Lucas:[email protected] AutoBenjamin Ross GroupBen Jasper on Acquiring Minds: Factory Life: Buying a Manufacturer with $1m SDEThe Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a StartupWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:Matthias Smith of Pioneer Capital AdvisoryGet a complimentary IT audit of your target business:Email Nick Akers at [email protected], and tell him you’re a searcherGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or [email protected] and mention Acquiring MindsConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton RohozovProduced by Pam Cameron

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