How to Buy a $2.5m Home Care Business | Morgan McCauley Interview

Описание: Morgan McCauley was starting to desire more control over his own destiny than a career in W-2's would afford him, and he wanted to move back to his native South Florida. So when he discovered search while living in San Francisco, it was a light bulb moment. Buying a business in South Florida would give him the extreme ownership he desired, in the place he desired. Flash forward, and today Morgan owns Helios Home Health, a $3.5m home care business in Palm Beach County. He bought it as a self-funded searcher, no investors.

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Chapters:
00:00:00. Morgan’s background in finance
00:07:38. Morgan describes working in a family office
00:11:51. Morgan learns about Search
00:18:30. Morgan partners with his friend Pete
00:21:37. Pete drops out of the search
00:24:49. Deciding against traditional search
00:35:05. Morgan’s walks away from a deal
00:43:33. Morgan decides against having investors
00:49:23. Morgan finds a home care business
00:52:44. Description of the business Morgan bought
01:03:42. Cash flow scare with Medicaid reimbursements
01:08:39. Growth and scalability of the acquired business
01:13:48. Explaining different types of home care
01:17:17. Why Robert Graham didn’t like the deal
01: 21:48. Challenges of breaking through the growth ceiling
01:28:18. Morgan’s plan for growth
01:36:43. The industry's mission-oriented nature

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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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