Acquiring Minds

Growing a Small 1st Acquisition into a Holdco Platform


Listen Later

Andrew Hitchings bought a $250k SDE cooling biz. It has grown 3x and will now fund a 2nd acquisition, with more to come. 

Topics in Andrew’s Interview:

  • Andrew and his wife bought a home ventilation business in April 2020
  • How 7 months on a motorcycle prepared them for running a business together
  • His history in the Army, business school, and McKinsey & Company
  • How his business partner Max improved employee training
  • Why he looks at the P&L every day
  • Expanding their seasonal business to a year-round business
  • How they mitigated the risk of buying a business with a single employee
  • Three things a business owner should focus on
  • Why they hire for character, not experience
  • His strategy for building a holdco

References and how to contact Andrew:

  • LinkedIn
  • His partner: Marcela Fernandez
  • His other partner: Max Williams
  • Colorado Home Services
  • HBR Guide to Buying a Small Business
  • Greg Ambrosia
  • Chenmark

Connect with A-players who can run your business remotely:

  • More Staffing

Learn more about Walker Deibel's done-with-you buy-side advisory:

  • The Acquisition Lab

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

234 ratings


More shows like Acquiring Minds

View all
Built to Sell Radio by John Warrillow

Built to Sell Radio

210 Listeners

Founders by David Senra

Founders

1,937 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,290 Listeners

My First Million by Hubspot Media

My First Million

2,620 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

243 Listeners

The Private Equity Podcast, by Raw Selection by Alex Rawlings

The Private Equity Podcast, by Raw Selection

33 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

352 Listeners

Action Academy | Millionaire Mentorship For Your Life & Business by Brian Luebben

Action Academy | Millionaire Mentorship For Your Life & Business

690 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

199 Listeners

50X by Colossus

50X

84 Listeners

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

The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs

172 Listeners

Joys of Compounding by Colossus | Investing & Business Podcasts

Joys of Compounding

94 Listeners

Moneywise by Hampton

Moneywise

644 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

29 Listeners

Minds Capital Podcast by Will Smith & Niklas James

Minds Capital Podcast

14 Listeners