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Comfortable Concentration for a $800k SDE Business
Published 8 months, 2 weeks ago
Description
Phil Koller studied the concentration and key man risks in a distribution business well-suited to him — and went for it.
Register for the webinar:
- From W2 to Owner Mindset: How to Think About Your Take-Home Pay - TODAY!! - https://bit.ly/4r5RsI3
Topics in Philip’s interview:
- Preferred working in a small company
- His friend talked him into real estate, then ETA
- Inspired by Rich Dad, Poor Dad
- Importance of having his wife on board
- Paused search due to upcoming second child
- Bought Roman Enterprises, an automotive paint distributor
- Inherited exactly 1 employee
- Did door-to-door sales to learn market
- Managed customer and supplier concentration risk
- Drew perseverance from grandfather’s Holocaust survival
References and how to contact Philip:
- Roman Enterprises
- Ben Jasper on Acquiring Minds: How to Buy a Manufacturer with $1m in Cash Flow
- Jerod Pierce on Acquiring Minds: From SBA Loan to High 8-Figure Exit
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact jenny@aspenhr.com
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
Learn more about Walker Deibel's done-with-you buy-side advisory:
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