Buying a Small Business to Build for Decades
Aug 21, 2023•1 hr 15 min
Episode description
August Felker did a search fund, then later a self-funded search so he could own & build his business for years to come.
Topics in August’s interview:
- Buying a business without an MBA
- How cold calling led to his first deal
- Buying an “elevator asset business”
- Early lessons in leadership
- What he loved about traditional search
- The resiliency of the insurance industry
- The normalcy of 3-year earnouts
- Self-funding his second deal
- His vision for building a brand
- The niche of working with searchers
References and how to contact August:
Learn more about Walker Deibel's done-with-you buy-side advisory:
Connect with A-players who can run your business remotely:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
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