• Business Collapse After Going All-In

  • Oct 14 2024
  • Length: 1 hr and 39 mins
  • Podcast

Business Collapse After Going All-In

  • Summary

  • Register for the webinars:

    • Due Diligence Office Hours - Wed Oct 16 - https://bit.ly/4h3R74o

    • Cap Tables 101: How Capital Structure Works When Buying a Business - Thu Oct 24 - https://bit.ly/3zT8sMA


    Justin Willess liquidated his 401k to buy a $8.5m construction business. He lost the business and may lose his house.

    Topics in Justin’s interview:

    • Frustration with his consulting career
    • Buying a construction company
    • Construction landscape in Northern Virginia
    • Discovering cooked books after transition
    • Seller refused to release promised funds
    • Emptying his 401k to make payroll
    • Calm is contagious
    • Closing the business
    • What he learned from the failed acquisition
    • Why he wants to acquire again

    References and how to contact Justin:

    • LinkedIn
    • justinwilless@gmail.com

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:

    • https://www.malaunchpad.com & enter code ACQUIRINGMINDS

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

    • The Acquisition Lab

    Connect with Acquiring Minds:

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