The Front Lines of a Crisis
Feb 29, 2024•1 hr 37 min
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Episode description
14 months ago, Russ Hadlock bought an auto glass business with $2.3m in sales. Today he is struggling to keep it alive.
Topics in Russ’s interview:
- Inventing the Peloton handlebar tray
- His life-changing exit from his company
- Looking for stability and safety through acquisition
- Fear of buying a company that was too big to operate
- Expenses skyrocketing after transition
- Impact of asset purchase on rent and insurance costs
- Layoffs and belt tightening
- Renegotiating his SBA loan
- Consolidating locations as a Hail Mary
- Need to get a job while still owning the business
References and how to contact Russ:
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Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
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