Podknife - Doing It His Way: First-Timer Buys 2 at Once by Acquiring Minds

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Doing It His Way: First-Timer Buys 2 at Once

Podcast |: Acquiring Minds
Publisher |: Will Smith
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Interview,; Investing,; Mergers & Acquisitions
Categories Via RSS |: Business,; Entrepreneurship,; Investing
Publication Date |: Nov 13, 2023
Episode Duration |: 01:34:43

Mike Okhravi left a cushy tech career to buy a towing business & a flooring business — and within 30 days of each other.

Topics in Mike’s interview:

Why he passed on the Search Fund Accelerator
His philosophy on taking more risk by moving fast
Signs of a motivated seller
Buying a 4-person garage flooring business
Surprises after acquiring the business
Why profit dips post-acquisition
Discarding the “searcher rules”
What he loves about the towing business
Operating 2 businesses at once (including one 3 hours away)
Getting back up after business failures

References and how to contact Mike:

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

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