Acquiring Minds

How to 4x a Contracting Business in 3 Years


Listen Later

Mike Heath bought a garage door installer from owners who didn't use email. He grew sales fast, but profits came harder.

Topics in Michael’s interview:

  • Passing on a commercial cleaning business
  • Acquiring a garage door business with silent partners
  • Installing an operator on day one
  • Messy, unkempt books from the seller
  • Hitting a cashflow crisis
  • Bringing in a consultant and keeping her on full-time
  • Paying off the SBA loan early
  • Doubling their gross margin
  • Splitting revenue across 3 partners
  • Acquiring 2 pool businesses

References and how to contact Michael:

  • LinkedIn
  • Stateline Products of Missouri
  • Florida Pool and Spa
  • Pool King Recreation

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

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

  • The Acquisition Lab

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

234 ratings


More shows like Acquiring Minds

View all
Built to Sell Radio by John Warrillow

Built to Sell Radio

208 Listeners

Founders by David Senra

Founders

1,906 Listeners

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

Invest Like the Best with Patrick O'Shaughnessy

2,317 Listeners

My First Million by Hubspot Media

My First Million

2,624 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

353 Listeners

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

Action Academy | Millionaire Mentorship For Your Life & Business

692 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

201 Listeners

50X by Colossus

50X

86 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

142 Listeners

Joys of Compounding by Colossus | Investing & Business Podcasts

Joys of Compounding

98 Listeners

Moneywise by Hampton

Moneywise

646 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

30 Listeners

Minds Capital Podcast by Will Smith & Niklas James

Minds Capital Podcast

12 Listeners