Buying for $600k, Selling for $35m

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 jobFallout from his father’s failed businessesCalculating the value of a business losing moneyDisliking the bureaucracy of large companiesJoining his friend to run a distressed companyEmployee war storiesChanging the service they offeredAchieving 60% margins Boosting customer retentionSelling the company for 11x earnings References and how to contact Jake:LinkedInMission 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 nick@inzotechnologies.com, and tell him you’re a searcher Connect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter Edited by Anton Rohozov Produced by Pam Cameron