Top M&A Entrepreneurs
Welcome to Top M&A Entrepreneurs – your go-to resource for inspiration, insight, and actionable advice on business buying. Each episode features engaging conversations with business buyers who share their “why” and industry service providers who break down the “how.” Learn from the pros and take your next step toward a successful acquisition with confidence.
Top M&A Entrepreneurs
E: 24 Top M&A Entrepreneurs - Mike Jamieson from USAF Pilot to M&A Entrepreneur
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00:00 Intro to Mike Jamieson
00:43 Buying his first business - Landscaping
02:25 US Air Force Pilot to Harvard Business School MBA Decision
05:47 The HBR Guide to Buying a Small Business written by ABRY Capital founders - how the Searchfunder model started
11:59 Self-Fund or Search-Fund how his deal blew up in his face
13:24 Trying to buy a software company with 90% margins - why the banks turned it down
16:28 Investors he lined up to fund his deals - how to structure a deal...
23:40 Deal Sourcing Numbers
29:04 When it comes to Add Backs always remember Rule #1
32:41 Where he found his acquisition - the events around the IOI
34:10 His "wife's" contribution
35:13 Skipping the LOI - were there consequences?
38:19 Why are they selling?
38:35 What type of rapport, emotional connection did he have with sellers?
39:44 How he negotiated the seller note
41:04 How is going post acquisition - Unforced Errors - Unpredictable Employees
43:02 Was seller avail to help with employee issue?
46:00 How he handles the stress of running the business
48:14 Plan for growth of company
50:25 Life of Entrepreneur - Watching Bank Account go up and down
51:27 How he "centers" himself - finds inspiration to push through fear worry doubt
53:50 Any plans to acquire more businesses?
Mike is available here: https://www.linkedin.com/in/mike-jamieson/
https://www.searchfunder.com/user/profile/24758
This interview is also available here https://www.buzzsprout.com/1776096