Podknife - The Front Lines of a Crisis by Acquiring Minds

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The Front Lines of a Crisis

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 |: Feb 29, 2024
Episode Duration |: 01:37:22

14 months ago, Russ Hadlock bought an auto glass business with $2.3m in sales. Today he is struggling to keep it alive.

Topics in Russ’s interview:

Inventing the Peloton handlebar tray
His life-changing exit from his company
Looking for stability and safety through acquisition
Fear of buying a company that was too big to operate
Expenses skyrocketing after transition
Impact of asset purchase on rent and insurance costs
Layoffs and belt tightening
Renegotiating his SBA loan
Consolidating locations as a Hail Mary
Need to get a job while still owning the business

References and how to contact Russ:

Get complimentary due diligence on your acquisition's insurance & benefits program:

Oberle Risk Strategies - Search Fund Team

Book your free tax strategy session for business buyers today:

Steed - book your free session

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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