Episode Details
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Complexity Hides Fragility: Losing a $20m Business
Published 8 months, 3 weeks ago
Description
Joe Odell and his partner acquired a business with over $4m in earnings and lots of green flags. It went sideways fast.
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- How to Present Your Deal for Maximum SBA Success - Jan 8th - https://bit.ly/4snUKHY
Topics in Joe’s interview:
- His blue collar, military background
- Volunteering without pay for a consulting company
- Ultimately rejecting the tech industry
- Finding his search partner at business school
- Seeking out a complex business
- Doing traditional search, on his wife’s advice
- Acquiring a home health adjacent company
- Post-close cash crisis
- Losing a key sales rep
- Fatal “pen stroke risk”
References and how to contact Joe:
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- Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact mark@aspenhr.com
Get complimentary due diligence on your acquisition's insurance & benefits program:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov
Produced by Pam Cameron