Podknife - Navigating Failure: Buying a $5m+ Business that Collapses by Acquiring Minds

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

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 |: Apr 03, 2023
Episode Duration |: 01:27:59

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:

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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