A Few Hours Per Week, a Few States Away

It was not the first choice of today's guest to buy a business outside his home market. But after Brett Maxam searched for a while in the competitive Denver metro where he lives, he decided he'd need to widen his target geography to actually find. A business to buy. It worked. Brett found a concrete pouring business in Vancouver, Washington with between 3 and a half and 4 million of revenue and…

The sweet spot for a self funded searcher. He bought it even though it was a two and a half hour flight away. It was also project based and tied to the new home construction market.

We get into how Brett thought about. These features of the business, these risks. The structure of the deal helped mitigate them.

Listen for that. Brett closed six months ago and spoiler it is going well. He's actually spending less time in the business than he expected he would the. Opposite of what most searchers experience, particularly in operationally intense construction businesses like this.

Construction businesses are also notorious for working capital challenges. We get into that as well. Here he is, Brett Maxam, owner of Morcrete Construction of Vancouver, Washington.

What happens when for better or worse extends to due diligence, deal terms and Running a company together in this week's webinar, Today, Thursday, you'll hear directly from married members of the Acquisition Lab who've taken the leap into acquisition entrepreneurship side by side.

The Lab's Chelsea Wood is hosting and Chelsea will dig into how these couples divided responsibilities, navigated disagreements and kept their marriage strong while building a business together. You'll hear the benefits, the challenges of being partners in both life and work. So if you're considering buying with your spouse or partner, or simply curious how others make it work, this webinar will.

Give you an honest look at what. It really takes to balance the love and leverage. It is today, Thursday, September 4th at 11:00am Eastern.

Register at the link in today'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. Running payroll, paying your bills, closing your. Books, and producing financials.

These are critical tasks every business owner must do or oversee. But spending time on them distracts you from the leadership in growth work you want to do. So let system 6 do it for you.

Owned and led by a former Searcher, Chris Williams, System 6 is a leading outsourced finance team for hundreds of SMBs, including over 50 searcher acquired businesses. Chris Tim and the System 6 team understand firsthand the challenges, the opportunities of of jumping into a business as its new owner.