Hiring a General Manager & Buying Business #2

Shane Ehrsam & Brandon Adams return to discuss hiring a GM, buying business #2, the rewards of SMB life & managing envy. 

Topics in Shane’s interview:

• Most professionally rewarding year of his life
• Gratification of making a positive impact on your employees
• Introducing new benefits for employees: 401k, health insurance, bonuses
• Growing revenue even after COVID demand recedes
• Not a “searcher-friendly” business
• Reality of bumpy revenue in retail
• Owning a business bought as a stock sale rather than asset sale
• Dealing with envy in search
• Identifying what is important to you in your journey to buy a business

References and how to contact Shane:

• shane@ntxtrailers.com
• LinkedIn
• North Texas Trailers
• Shane’s first appearance on Acquiring Minds: 6 Months to Buy a Business with $1m+ in EBITDA

Topics in Brandon’s interview:

• Magic of hiring a GM (when it works)
• How to decide when it’s time to hire a GM
• Improving the lives of employees
• How they’ve improved their hiring for blue-collar roles
• When to buy a second business
• Professionalizing a business “being run like a South Philly pizza shop”
• Get in the arena and doors will open

References and how to contact Brandon:

• brandon@k4holdings.com
• LinkedIn
• Philadelphia Dry Ice & Jim's Ice
• Brandon’s first appearance on Acquiring Minds: 6 Months in the Truck: Buying an Ice Delivery Biz

Get complimentary due diligence on your acquisition's insurance & benefits program:

• Oberle Risk Strategies - Search Fund Team

Get a complementary pre-acquisition HR & PEO review for your target business:

• Contact mark@aspenhr.com or visit Aspen HR

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter