Shutting Down After a 4-Year Struggle
Podcast |
Acquiring Minds
Publisher |
Will Smith
Media Type |
audio
Categories Via RSS |
Business
Entrepreneurship
Investing
Publication Date |
Jan 11, 2024
Episode Duration |
01:28:34

Watch the recording of our webinar on Financial Modeling a Self-Funded SBA Acquisition:

The cemetery services biz Philip Blackett bought in 2019 was finally squeezed to insolvency & shuttered 2 months ago.

Topics in Philip's interview:

  • Searching locally due to having twins
  • Buying a cemetery management business
  • The downside of flat monthly billing
  • Increasing expenses straining his bottom line
  • Covid deaths affecting his customers
  • Working a second job for a year
  • Unforeseen weather challenges
  • Taking high-interest loans to keep the business going
  • Importance of a support system
  • His decision to close the business

References and how to contact Philip:

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Learn more about Walker Deibel's done-with-you buy-side advisory:

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