A Brutal Search Rewarded with Success After 3+ Years - podcast episode cover

A Brutal Search Rewarded with Success After 3+ Years

Aug 02, 20221 hr 23 min
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Episode description

Jordan Carter started as a part-time, generalist searcher. 3+ years later, he bought a biz doing $2.4m with 40% margins. 

Topics in Jordan's interview:

  • Part-time vs. full-time searching
  • Consulting in order to generate income while searching
  • Misconceptions about how easy it is to find a business to buy
  • How much cash Jordan saved for his self-funded search
  • Generalist vs. industry-specific search
  • Using interns for search
  • Value of speaking with owners (even if they don't want to sell)
  • Optimal percentage of time to devote to deal sourcing
  • Accessing equity capital
  • Adding value to a super niche business you're completely new to
  • Growing a business 40% in 2 years after acquisition
  • Buying a grant-writing business
  • The pain of losing an LOI

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