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Rather Than Retire, Buy a Business
Podcast |
Acquiring Minds
Publisher |
Will Smith
Media Type |
audio
Categories Via RSS |
Business
Entrepreneurship
Investing
Publication Date |
Apr 01, 2024
Episode Duration |
01:20:56

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

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:

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

Connect with Acquiring Minds:

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