About this episode
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- Anatomy of a Franchise Holdco - Thu May 1 - https://bit.ly/4k8HKBd
Jan Roll bought a $6m residential contractor, a harrowing experience he calls one giant ambiguous ball of figure-it-out.
Topics in Jan's interview:
- Contracting means learning 25-30 trades
- Margin of safety in a residential construction business
- Value of paying vendors immediately
- Engendering trust in a low-trust industry
- Revenues dropping 25% in first year of ownership
- Using ROBS to buy the business
- Pitfalls in contractor licensing
- The harm in not having an employee agreement with a business partner
- How to diligence a business partner (or can you?)
- How SEO & digital marketing supercharged leads
References and how to contact Jan:
Get a complimentary IT audit of your target business:
- Email Nick Akers at [email protected], and tell him you’re a searcher
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact [email protected]
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov
Produced by Pam Cameron
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