42 min listen
Growing a Small 1st Acquisition into a Holdco Platform
FromAcquiring Minds
ratings:
Length:
87 minutes
Released:
Mar 6, 2023
Format:
Podcast episode
Description
Andrew Hitchings bought a $250k SDE cooling biz. It has grown 3x and will now fund a 2nd acquisition, with more to come. Topics in Andrew’s Interview:
Andrew and his wife bought a home ventilation business in April 2020
How 7 months on a motorcycle prepared them for running a business together
His history in the Army, business school, and McKinsey & Company
How his business partner Max improved employee training
Why he looks at the P&L every day
Expanding their seasonal business to a year-round business
How they mitigated the risk of buying a business with a single employee
Three things a business owner should focus on
Why they hire for character, not experience
His strategy for building a holdco
References and how to contact Andrew:
LinkedIn
His partner: Marcela Fernandez
His other partner: Max Williams
Colorado Home Services
HBR Guide to Buying a Small Business
Greg Ambrosia
Chenmark
Connect with A-players who can run your business remotely:More StaffingLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:
See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter
Andrew and his wife bought a home ventilation business in April 2020
How 7 months on a motorcycle prepared them for running a business together
His history in the Army, business school, and McKinsey & Company
How his business partner Max improved employee training
Why he looks at the P&L every day
Expanding their seasonal business to a year-round business
How they mitigated the risk of buying a business with a single employee
Three things a business owner should focus on
Why they hire for character, not experience
His strategy for building a holdco
References and how to contact Andrew:
His partner: Marcela Fernandez
His other partner: Max Williams
Colorado Home Services
HBR Guide to Buying a Small Business
Greg Ambrosia
Chenmark
Connect with A-players who can run your business remotely:More StaffingLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:
See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter
Released:
Mar 6, 2023
Format:
Podcast episode
Titles in the series (100)
How to Buy a Landscaping Business & Boost Profits Quickly: In just 9 months, Mike Botkin decided to acquire a business, negotiated a great deal, and dramatically improved profits. by Acquiring Minds