ETA·BRAINa Katyella project

Acquiring Minds

Buying for $600k, Selling for $35m

Excerpts · 500 segments · ~1:40:38 long

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And these are all people that you were staffing into your client organizations.

Guy, ticket, signing bonus. And then they declared bankruptcy on us. I mean this is on and on, right?

We had, we had one person who would, who would show up for the interview and, and someone else showed up for the job. We're like, wait a minute, that's not the same guy. What's going on? What's going on here?

You know, and so it was just all, it just all sorts of mess and problems and things and we just, we just, you know, there was a lot of, after doing that for several years, which we kind of thought we could get, we just sort of, you know, for several years you feel like, hey, if we just do this a little bit harder, we can get ahead and then we'll really have time to work on the business, you know,…

But we never did, we never got it. We never really got too far ahead. Every day was like I said, sticking your finger in the holes of a dam and trying to keep things together.

You know. Enzo 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. The team at Enzo regularly works with searchers and their acquisitions.

And one feature of acquired businesses that Enzo is seeing over and over is the need to implement cybersecurity promptly during the transition. So many acquired small businesses either have glaring vulnerabilities, lack security best practices or both. That step one to de risk the deal you just closed should be addressing these issues.

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Recall you'd said to me that there was some metric that looked good, like was it sales or just the number of placements? So, so something was like going the.

A lot of new business but you weren't actually Growing as a business.

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