Acquiring Minds

Navigating Failure: Buying a $5m+ Business that Collapses


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John Ikalowych shares his traumatic journey of going all-in to buy a hail-repair business, then having to shut it down. 

Topics in John Ikalowych’s interview:

  • John’s background in commercial banking
  • Buying a car hail repair business
  • Losing half his staff just months after acquisition
  • The disaster that tanked their finances
  • Pivoting from B2C to B2B
  • Shutting down the business
  • How the business failure changed him
  • Closing a business with a personal guarantee
  • John’s advice to searchers
  • The importance of peer support

Links and how to contact John:

  • LinkedIn
  • 303-704-2461
  • Entrepreneurs’ Organization

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

  • The Acquisition Lab

Get complimentary due diligence on your acquisition's insurance & benefits program:

  • Oberle Risk Strategies - Search Fund Team

Connect with Acquiring Minds:

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

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