Acquiring Minds

Things Change: Be Realistic When Buying a Biz with a Partner

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Burned by 2 acquisitions he did with partners, Jeff Evenson insists on these protections when partnering-up to buy a biz. 

Topics in Jeff Evenson’s interview:

  • Buying a salon with his wife
  • Losing the salon in his divorce
  • Partnering with a friend to buy a machine shop
  • Dissolving the partnership with his friend 
  • The value of a “shootout” clause
  • The 4 D’s that can end a partnership
  • Why equity and time investment are not the same thing
  • Essential clauses for your partnership contract
  • The power of a “same-page meeting”
  • Life changes you should prepare for

    • Links and how to contact Jeff:

    • [email protected] 
    • Twitter
    • LinkedIn

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

      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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