Acquiring Minds

High Margin & Big Upside in Lice Treatment


Listen Later

Derek Croft bought a $1m SDE business with a national footprint in an unusual niche. Just don't call him The Lice King.

Topics in Derek’s interview:

  • Leaving Bain to search for a business
  • Acquiring LiceDoctors
  • Why it’s good for a profitable business to be imperfect 
  • Personal satisfaction from helping customers
  • Payroll emergency on day 2
  • Competition in the lice removal industry
  • High staff turnover despite good pay
  • Speeding up their response time
  • Raising public awareness of their service
  • His goal to double in 5 years

References and how to contact Derek:

  • LinkedIn
  • LiceDoctors
  • ETA Circle

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

  • Matthias Smith of Pioneer Capital Advisory

Get a complimentary IT audit of your target business:

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

225 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

1,858 Listeners

Noah Kagan Presents by Noah Kagan

Noah Kagan Presents

905 Listeners

M&A Science by Kison Patel

M&A Science

125 Listeners

The Fort by Chris Powers

The Fort

472 Listeners

My First Million by Hubspot Media

My First Million

2,610 Listeners

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

All-In with Chamath, Jason, Sacks & Friedberg

8,777 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

30 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

339 Listeners

Action Academy | Replace The Job You Hate With A Life You Love by Brian Luebben

Action Academy | Replace The Job You Hate With A Life You Love

663 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

183 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

136 Listeners

Moneywise by Hampton

Moneywise

647 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

29 Listeners