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Buying a Bankrupt 117-Year-Old Manufacturer

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Manage episode 422195346 series 2931927
Content provided by Will Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Will Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Register here for the webinar, The DO's & DON'Ts of the LOI (legal office hours)

Despite having no experience in manufacturing, Jens Grudno jumped when he heard about a failing straight-razor business.

Topics in Jens’s interview:

  • Buying a bankrupt razor manufacturer
  • Embracing risk in German business culture
  • Cleaning out and moving a 116-year old business
  • Another company poaching their clients
  • Pitfalls to avoid when buying a business
  • Developing a new, innovative product
  • Operating a company six hours from home
  • Comparing start-ups to acquisition
  • Value of going where there's less competition
  • The craft of manufacturing

References and how to contact Jens:

Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:

Register for the Self-Funded Search Conference, September 13th - 15th in Dallas:

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

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

Connect with Acquiring Minds:

  continue reading

274 episodes

Artwork
iconShare
 
Manage episode 422195346 series 2931927
Content provided by Will Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Will Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Register here for the webinar, The DO's & DON'Ts of the LOI (legal office hours)

Despite having no experience in manufacturing, Jens Grudno jumped when he heard about a failing straight-razor business.

Topics in Jens’s interview:

  • Buying a bankrupt razor manufacturer
  • Embracing risk in German business culture
  • Cleaning out and moving a 116-year old business
  • Another company poaching their clients
  • Pitfalls to avoid when buying a business
  • Developing a new, innovative product
  • Operating a company six hours from home
  • Comparing start-ups to acquisition
  • Value of going where there's less competition
  • The craft of manufacturing

References and how to contact Jens:

Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:

Register for the Self-Funded Search Conference, September 13th - 15th in Dallas:

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

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

Connect with Acquiring Minds:

  continue reading

274 episodes

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