2 Acquisitions in the Direct Mailing & Marketing Industry: What You Need to Know with Devin W Craig

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In this video, we take a look at two recent acquisitions made by Devin Craig in the Direct Mail and Advertising industry.  In this video, we decode what these deals mean for business owners in these industries.  And what lessons can SMB's learn from them?


SHOW NOTES:
00:00  Intro
00:35  Devin's call to adventure 
03:29  How to deal with Brokers asking for proof of funds
05:00  Devin's 1st Deal - not much experience in industry
06:45  Price, Motivated seller & why did they sell
09:40 Why You Shouldn't Take the Seller's Word on Who to Pick as GM 
13:08  How buying a business changed his life
13:28  Re-investing profits & process
17:16  How he went for new business & opening the books
20:30  2nd Acquisition reason
26:32  How Devin is Able to Own 2 Businesses While Working Less Than 20 Hours Per Week
32:20  What he wished for in the first acquisition
33:00  Working on his 3rd
36:31 Being the Gordon Ramsey of printing company
43:45  Aaron Muller: The Lifestyle Business Owner
47:44  How strategic buyers get 100% bank financing 
50:07  All that matters is that the business buys the business
51:40  What are you going to do with the money Mr. Seller?
55;00 exploring a software - printing company