Acquiring Minds

How to Buy a $20m Business as a First-Timer


Listen Later

When Alan Turkus found a business with a mission, he knew he'd found the right fit for the final chapter of his career.

Topics in Alan’s interview:

  • Background in book publishing
  • Post-MBA career in tech
  • Taking a career break to raise his son
  • From co-op cashier to co-CEO
  • Seeking security through business ownership
  • Acquiring a home health and hospice franchise
  • Raising equity from search investors
  • Retaining a little over 50% ownership
  • Structuring with 2 forgivable seller notes
  • The advantage of buying a bigger business

References and how to contact Alan:

  • LinkedIn
  • Interim Healthcare of Twin Cities
  • Elliott Edge on Acquiring Minds: 1 Business vs Many: Deciding to Roll Up
  • Grant Hensel of Entrepreneurial Capital
  • Jacob Hall of Kando Capital
  • PROX Capital Group

Connect with Acquiring Minds:

  • See past + future interviews on the YouTube channel
  • Connect with host Will Smith on LinkedIn
  • Follow Will on Twitter

Edited by Anton Rohozov and produced by Pam Cameron

...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

541 Listeners

The Knowledge Project by Shane Parrish

The Knowledge Project

2,692 Listeners

Founders by David Senra

Founders

2,159 Listeners

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

Capital Allocators – Inside the Institutional Investment Industry

800 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,468 Listeners

My First Million by Hubspot Media

My First Million

2,668 Listeners

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

All-In with Chamath, Jason, Sacks & Friedberg

10,182 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

348 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

210 Listeners

Moneywise by Hampton

Moneywise

656 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

270 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

38 Listeners

David Senra by Scicomm Media

David Senra

238 Listeners