Acquiring Minds

Control & Family: Drivers of a Self-Funded Search


Listen Later

Register for the webinars:

  • Thu Sept 12 - How Big a Business Should You Buy? - https://bit.ly/3XmtR8v

  • Thu Sept 19 - Due Diligence Office Hours - https://bit.ly/4ghprZb

  • Fri Sept 20 - How Much to Budget for a Self-Funded Search - https://bit.ly/4e1Qjeq

Acquiring a $2.5m pallet manufacturer was Michael Kelker's first step to building a legacy business for his family.

Topics in Michael’s interview:

  • Self-funded vs. traditional vs. independent sponsorship
  • Carrying on his family legacy in manufacturing
  • His goal of having control over his work
  • Acquiring a custom pallet manufacturer
  • Getting the deal done during Covid
  • Challenges with the appraisal
  • Navigating the lumber price surge
  • Hiring a banker as CFO
  • Learning from his employees and customers
  • Optimism despite pallet industry downturn

References and how to contact Michael:

Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:

  • https://www.malaunchpad.com & enter code ACQUIRINGMINDS

Get a free review of your books & financial ops from System Six (a $500 value):

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

  • Matthias Smith of Pioneer Capital Advisory

Connect with Acquiring Minds:

  • See past + future interviews on the YouTube channel
  • Connect with host Will Smith on LinkedIn
  • Follow Will on Twitter
...more
View all episodesView all episodes
Download on the App Store

Acquiring MindsBy Will Smith

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

268 ratings


More shows like Acquiring Minds

View all
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

548 Listeners

The Knowledge Project by Shane Parrish

The Knowledge Project

2,674 Listeners

Founders by David Senra

Founders

2,194 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

798 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,466 Listeners

My First Million by Hubspot Media

My First Million

2,662 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

10,216 Listeners

Minds Capital Podcast by Will Smith & Niklas James

Minds Capital Podcast

19 Listeners

Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

Acquisitions Anonymous - #1 for business buying, selling and operating

250 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

354 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

213 Listeners

Moneywise by Hampton

Moneywise

651 Listeners

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner by Chris Koerner

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner

255 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

38 Listeners

David Senra by Scicomm Media

David Senra

230 Listeners