Acquiring Minds

Rather Than Retire, Buy a Business


Listen Later

Get $200 off your ticket to the M&A Launchpad Conference in Houston on May 11th:

  • https://www.malaunchpad.com & enter code ACQUIRINGMINDS


At age 63, Maurice Thomas wasn't ready to retire, so he bought an electrical contractor with $1m in earnings instead.

Topics in Maurice’s interview:

  • Buying a business after age 60
  • Learning the right amount of diligence to do before submitting an LOI
  • Importance of a target statement for searchers
  • His values-first approach to business
  • Importance for searchers to “know thyself”
  • Politics and religion in the workplace
  • Gratifying work of coaching employees
  • His succession plan
  • Challenge of hiring lead electricians
  • Creating incentives that align with company goals

References and how to contact Maurice:

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

  • Matthias Smith of Pioneer Capital Advisory

Get a complementary pre-acquisition HR & PEO review for your target business:

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

208 Listeners

Founders by David Senra

Founders

1,773 Listeners

Noah Kagan Presents by Noah Kagan

Noah Kagan Presents

903 Listeners

M&A Science by Kison Patel

M&A Science

123 Listeners

The Fort by Chris Powers

The Fort

478 Listeners

My First Million by Hubspot Media

My First Million

2,599 Listeners

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

All-In with Chamath, Jason, Sacks & Friedberg

8,681 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

338 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

660 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

181 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

111 Listeners

Moneywise by Hampton

Moneywise

636 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

31 Listeners