How to Grow a Small Business Acquisition into a HOLDCO Platform | Andrew Hitchings Interview

Описание: Andrew Hitchings, his wife, and third partner acquired a home cooling business in Colorado. It had 1 employee and $250k of SDE — quite a small business for acquisition entrepreneurship, especially to split between 3 partners. But they have grown the business 3x in 2.5 years, and that first acquisition is now large enough to serve as the platform for future acquisitions as Andrew and team start building out a holdco. This is a wide-ranging discussion with an entrepreneur building a holding company. Some of the topics covered: converting a seasonal business into a year-round business; mitigating the risk of buying a business with a single employee; why hire for character, not experience; 3 things a business owner should focus on; and strategy around building a holdco.

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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

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