In this episode of Before You Buy or Sell a Business, host Jared Johnson welcomes back Tommy Speigner to share his journey and lessons learned from acquiring a business in an industry he had never explored before. Tommy discusses the process, challenges, and triumphs he experienced in finding and buying a company. The conversation dives into the nuances of engaging with investors and the strategic approaches for buying and growing a business successfully.

From the decision-making strategies to the realization of purchasing a forestry and vegetation management service company, this episode unpacks the details of identifying viable business opportunities and the role of investor relationships. Tommy's experience demonstrates the importance of adaptability and keen business acumen.

Key Takeaways

• Tommy Speigner explains the differences between his initial solo venture and his recent team-backed approach.
• The episode delves into the intricacies of searching for and acquiring a business outside one's typical industry.
• Key discussions on leveraging relationships, networking, and utilizing different types of funds for business acquisition provide valuable insights.
• Tommy shares his firsthand experience with the SBA loan process, exposing both challenges and triumphs.

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If you have questions for Jared, visit JaredWJohnson.com

DISCLAIMER: The views and opinions expressed in this program are my own and/or those of my guests. They do not necessarily reflect the views or positions of my employer.