Leaving $700s/Yr to Buy an Underperforming Printing Business

For many of us, the pull of. Entrepreneurship is just too strong. So strong that you leave a very lucrative job, one that promises to only get more so in the years ahead.

Today's guest, Dom Smith worked in private equity, earning in the high six figures before age 30. But it's not all about the money. As Dom put it, when I was getting those big bonuses at the end of the year, I didn't really feel very much.

What I really cared about and what. I was looking for is something that I could find true passion in today. Dom is the owner of Print Moz, a large format printing business in Southern California.

Two themes that you've heard on Acquiring. Minds appear in Dom's story. The first, the value of getting in the game.

There were features of Print Moz that might have scared Dom off, in particular the fact that the business was declining. Listen for why he pushed forward anyway. The second theme, getting in the weeds, coming from private equity.

Dom was tempted by the offers of consultants and agencies to solve his business's problems for him that he could, quote, throw money at the problem. But ultimately he has learned the hard way that getting his hands dirty is more effective than outsourcing, not to mention better for his long term career as. Business owner and builder.

We discuss here is Dom smith, owner of PrintMoz Webinars. There are sticking points that are common in searcher deals, often relating to due diligence findings or changes to the business during the exclusivity period or seller note terms or non competes or of course working capital.

Attorney James David Williams, who specializes in small business acquisitions, returns for an office hours to walk you through these sticking points and how to overcome them. The webinar is Overcoming Common Deal Sticking Points and it is tomorrow, Tuesday, June 23rd noon Eastern. Link to register is right at the top of this episode's show notes or on the Acquiring Minds homepage Acquiringminds…

Also, when SBA lenders consider a searcher's acquisition, they're not just underwriting the business, they're underwriting you. In a webinar this Thursday, leading SBA loan broker Heather Endresen will explain how lenders evaluate a buyer's background when deciding. Whether to approve an acquisition loan.

Topics covered to include how SBA lenders evaluate buyer experience, how to frame your resume for lender confidence, common buyer weaknesses that raise concerns, and how lenders think about leadership, operations and industry experience, or lack thereof. The webinar is Transferable Skills Crafting Your Resume for SBA Lenders and it is this Thursday, June 25 noon Eastern Link to register is right…

The Acquiring Minds homepage. Acquiringminds Co. Welcome to Acquiring Minds, a podcast about buying businesses. My name is Will Smith.

Acquiring an existing business is an awesome opportunity for many entrepreneurs and on this podcast I talk to the people who do it. You know Inzo Technologies as one of the leading IT managed service providers serving the search community, led by Nick Akers, an Acquiring Minds guest who bought the. 35 year old business.