Navigating Failure: Buying a $5m+ Business that Collapses

John Ikalowych shares his traumatic journey of going all-in to buy a hail-repair business, then having to shut it down.

Topics in John Ikalowych’s interview:

• John’s background in commercial banking
• Buying a car hail repair business
• Losing half his staff just months after acquisition
• The disaster that tanked their finances
• Pivoting from B2C to B2B
• Shutting down the business
• How the business failure changed him
• Closing a business with a personal guarantee
• John’s advice to searchers
• The importance of peer support

Links and how to contact John:

• LinkedIn
• 303-704-2461
• Entrepreneurs’ Organization

Learn more about Walker Deibel's done-with-you buy-side advisory:

• The Acquisition Lab

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• Oberle Risk Strategies - Search Fund Team

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
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