Buying to $4m Across 7 Sites in 3 Years

Funny to hear that today's guest didn't really think of herself as an entrepreneur earlier in her career because she seems like a natural Gail Azodo developed a thesis around audiology practices. The audiology space shares characteristics with other industries where PE has had success, like optical and dental, but there isn't such PE interest in this industry for now. Gail's attraction to…

When Gail went on site to shadow an audiologist whose practice was for sale, she witnessed a patient, an older gentleman, be dragged in kicking and screaming by his frustrated wife to get a hearing test. Of course his hearing was bad and. When the doctor put the hearing aid in, the man breaks down in tears, overwhelmed by the clarity with which he could now hear.

Gail was sold and also cried. There are a lot of key details. In today's interview with Gail.

Listen for the model that she's using to buy these practices, a model that allows her to acquire them without putting in any of her own money. She's bought her way to over 4 million of revenue across six practices and she hasn't put in a dollar. You'll hear how Gail inverts the conventional wisdom on buying businesses and that the closer the better.

Gail requires that the practices she buys be far enough away that she has to fly to visit them. You'll learn what an MSO is, which is a structure that you often see in roll ups of medical practice type businesses. And of course we dive deep into.

The audiology industry itself, its economics, its. Power to change lives. A fascinating take on entrepreneurship through acquisition with Gail Hamilton-Azodo

Please enjoy. We talk a lot about SBA loans in our world, but of course there exist other sources of debt for buying a business. Today, Thursday, November 13th, attorneys James David Williams and Bill Barlow return for an Office hours webinar and the topic is debt financing for both SBA and non SBA deals. They'll be joined by guest Adam Steiner, who represents both banks and borrowers on SBA and…

Bill, James, David and Adam will go over the latest SBA rule changes as well as what's different about borrowing from SBA and non SBA sources and how searchers and independent sponsors should navigate that process. That is today, Thursday, November 13, noon Eastern. Link to register for the webinar 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. 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. The team at Aspen HR recently published a short white paper targeted at searchers Entitled A New CEO's Guide to Human Resources. It lays out the key items you should be thinking about as you transition into CEO and owner of the business you bought.

The link to download it is in the show notes. Aspen is a professional employer organization or peo, run by a searcher for searchers. Search fund veteran Mark Sinatra runs the.

Company, which provides HR compliance, flawless payroll. Fortune 500 caliber benefits and HR due diligence support for your acquisition, all for. A fraction of the cost.