• Buying a Business to Build a Life

  • Oct 31 2024
  • Length: 1 hr and 27 mins
  • Podcast

Buying a Business to Build a Life

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  • Summary

  • Register for the webinar:

    • How to Run a 2-Year Search in 2 Months - Nov 1 - https://bit.ly/48sjkh9


    Seattle-based Dan Drake & his wife wanted to raise their kids in Bend, Oregon. Buying a business allowed them to do it.

    Topics in Dan’s interview:

    • His search in Bend, Oregon
    • Understanding negotiation tactics
    • Bundling the real estate with the business
    • His seller-financed deal
    • Renegotiating after sales dipped 20%
    • Pros and cons of having experienced staff
    • Explaining balloon payments
    • Giving back to Central Oregon
    • Meeting with top customers to understand their needs
    • Improving inventory management and website

    References and how to contact Dan:

    • LinkedIn
    • Industrial Applied Electric
    • Negotiate Without Fear by Dr. Victoria Medvec

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

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

    • The Acquisition Lab

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    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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