Buying a Business to Balance Ambition and Kids

There are many supposed truths or rules. In entrepreneurship through acquisition, but as regular. Listeners of Acquiring Minds know, there are countless exceptions to those rules.

Acquisition entrepreneurs who mold the received wisdom to their unique circumstances. Case in point, today's guest, Ana Lia Barragan. The quote rule that Ana Lia broke was buying herself a job.

Ana Lia acquired an indoor plant business with $385,000 in revenue, $185,000 in ste. It had but one employee, the owner herself. Listen for how Ana Lia thought about this.

She was an Acquiring Minds listener and. The graduate of a search accelerator. So a diligent student of ETA principles, Ana Lia knew what she was getting into when she decided to move forward with.

Such a small business. We discuss, but also listen for the progress she's made since closing last July. A tuck in acquisition from Free cash on the balance sheet, major operational leverage from AI, and on a personal note, the flexibility to see her kids more as you'll hear, Ana Lia's decision to pursue ETA was motivated by her responsibilities and desires as a mother paired with her ambitions as…

If that sounds familiar, there was a similar pattern in the story of Robin Kovitz a few weeks ago. Owning a business almost certainly comes with more hours than a job, but they are hours toward building something for yourself and hours you spend on a schedule that you decide. That is a powerful difference, especially so for moms.

Please enjoy this interview with Ana Lia Barragan, owner of Kelly Green Quickly, two upcoming webinars to tell you about when you buy a business, what you're likely to inherit on the finance side is a bookkeeper, maybe messy or cash basis financials and no real forecasting or reporting. So what is the right talent to hire to correct this situation and put your acquisition on sound financial…

Well, be careful because there is hidden risk in that critical first finance hire. The reality is you don't need just a finance person, you need different capabilities at different stages. Well, tomorrow, Tuesday, April 14th, Chris Allen of Still north will explain the finance roles from bookkeeper to controller to strategic finance to cfo, and show how each of those map to different stages in a…

Chris will provide a finance hiring decision framework to help you get this right and avoid the biggest finance hiring mistakes that acquisition entrepreneurs make. The webinar is yous First Finance Hires after Buying a Business and it is tomorrow, Tuesday, April 14th at noon Eastern. Link to register is right at the top of this episode's show notes or.

On the Acquiring Minds homepage acquiringminds Co. Then on Thursday, Real estate issues can make or break your deal to acquire a business and attorneys Bill Barlow and James David Williams return for an office hour session focused on the legal issues that come up when dealing with real estate in business acquisition transactions.

Topics to include dealing with third party landlords, leases with the seller as landlord, purchasing the real estate alongside the business or not, and sale leaseback structures. You're going to gain an understanding of the fundamentals for how real estate affects. SMB acquisition structures and risks.

The webinar is Real Estate Issues When Buying a Business and it is this Thursday, April 16, noon Eastern. Link to register is right at the top of this episode's show notes or on the Acquiring Minds homepage. Acquiringminds Co. Welcome to Acquiring Minds, a podcast about buying businesses.