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Acquiring Minds

How to Survive Buying into a Terrible Industry

23 Jan 2025

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Register for the webinar:  •Legal Preparation for Your Search - Thu Jan 30 - https://bit.ly/3CbswuPMonths 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 officeBuying a declining business in a competitive industryUnethical practices within his industryBeing honest about your motivation to buy a businessLosing 19 employees who became competitorsTreating his business like a startupPivoting from countertops to drivewaysThe toll the business took on his familySuccessfully exiting the businessHis 16 Commandments of SearchReferences and how to contact Ayo:The 16 Commandments of Acquisition EntrepreneurshipLinkedInTwitterOperators CoachTwitter threadLP First CapitalThomas InceGet a complementary pre-acquisition HR & PEO review for your target business:Contact [email protected] or visit Aspen HRGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or email [email protected] and mention Acquiring MindsGet a complimentary IT audit of your target business:Email Nick Akers at [email protected], and tell him you’re a searcherConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterCredits:Edited by Anton RohozovProduced by Pam Cameron

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