Overcoming a Career Rut by Buying a Business
Podcast |
Acquiring Minds
Publisher |
Will Smith
Media Type |
audio
Categories Via RSS |
Business
Entrepreneurship
Investing
Publication Date |
Feb 14, 2022
Episode Duration |
00:53:30

Frustrated after losing 3 jobs, Bruce Vann used savings to acquire a 25-employee, 7-figure curtain manufacturer for 2x. 

Themes from Bruce’s interview:

  • Paying 2x for a growing 70-year-old business
  • Buying a business to pull out of a career rut
  • Why finding a business is like a full court shot
  • The need for persistence
  • Abandoning a proprietary search because of seller overvaluations
  • Chasing down leads and not becoming complacent
  • The importance of documenting business processes in case of sudden staff departures
  • Dealing with uneasy staff during the transition period
  • The experience of acquiring a business as a Black man in the U.S.

Reach Bruce at:

  • bvann at luxout dot com
Frustrated after losing 3 jobs, Bruce Vann used savings to acquire a 25-employee, 7-figure curtain manufacturer for 2x.

Frustrated after losing 3 jobs, Bruce Vann used savings to acquire a 25-employee, 7-figure curtain manufacturer for 2x. 

Themes from Bruce’s interview:

  • Paying 2x for a growing 70-year-old business
  • Buying a business to pull out of a career rut
  • Why finding a business is like a full court shot
  • The need for persistence
  • Abandoning a proprietary search because of seller overvaluations
  • Chasing down leads and not becoming complacent
  • The importance of documenting business processes in case of sudden staff departures
  • Dealing with uneasy staff during the transition period
  • The experience of acquiring a business as a Black man in the U.S.

Reach Bruce at:

  • bvann at luxout dot com

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