Jake Bittner bought an unprofitable carve-out doing $3m. A key pivot grew revenue to $20m and got the attention of PE. Register for the webinar: How to Run the SBA Deal Race - Dec 4th - https://bit.ly/44whqv6 Topics in Jake’s interview: Building a nest egg before leaving his job Fallout from his father’s failed businesses Calculating the value of a business losing money Disliking the bureaucracy of large companies Joining his friend to run a distressed company Employee war stories Changing the service they offered Achieving 60% margins Boosting customer retention Selling the company for 11x earnings References and how to contact Jake: LinkedIn Mission Support Partners Get complimentary due diligence on your acquisition's insurance & benefits program: Oberle Risk Strategies - Search Fund Team Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses: Pioneer Capital Advisory Get a complimentary IT audit of your target business: Email Nick Akers at
[email protected] , and tell him you’re a searcher Connect with Acquiring Minds: See past + future interviews on the YouTube channel Connect with host Will Smith on LinkedIn Follow Will on Twitter Edited by Anton Rohozov Produced by Pam Cameron
