How to Survive Buying into a Terrible Industry

Register for the webinar:

•Legal Preparation for Your Search - Thu Jan 30 - https://bit.ly/3CbswuP

Months into his ownership, Ayo Phillips realized his industry was fatally flawed. He survived and 5 years later, exited.

Topics in Ayo’s interview:

• Acquiring with funding from a family office
• Buying a declining business in a competitive industry
• Unethical practices within his industry
• Being honest about your motivation to buy a business
• Losing 19 employees who became competitors
• Treating his business like a startup
• Pivoting from countertops to driveways
• The toll the business took on his family
• Successfully exiting the business
• His 16 Commandments of Search

References and how to contact Ayo:

• The 16 Commandments of Acquisition Entrepreneurship
• LinkedIn
• Twitter
• Operators Coach
• Twitter thread
• LP First Capital
• Thomas Ince

Get a complementary pre-acquisition HR & PEO review for your target business:

• Contact [email protected] or visit Aspen HR

Get a free review of your books & financial ops from System Six (a $500 value):

• Book a call with Tim or email [email protected] and mention Acquiring Minds

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

Credits:
Edited by Anton Rohozov
Produced by Pam Cameron