Buying Small to Then Buy Larger ($1m SDE)

The first business Joe Soelberg bought did $400k SDE. The experience and cash flow enabled a second, larger acquisition. Topics in Joe’s interview:Leaving corporate for a chance to manage P&LHis toughest pitch was to his wifeAcquiring a 3D design firmPivoting hard during CovidHiring a manager with a design backgroundAcquiring a branding agencyDifference between branding and marketingRetainer model for recurring revenueOffering less than listing priceHis hand-off relationship with his businesses References and how to contact Joe:LinkedInPoint B CommunicationsSONNY+ASHMike Curry on Acquiring Minds: It’s All Your Fault: How to Become CEO of Your AcquisitionJohannes Hock on Acquiring Minds: Buy and 3x a Project Based Business in Just 2 Years Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:Pioneer Capital Advisory Get complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund Team Get a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or hello@systemsix.com and mention Acquiring Minds 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