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From Midnight Deliveries to $28m Holdco (in 6 Years)

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Manage episode 420666110 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.

Summary from Webflow: The first business Colin King bought was tiny & unpleasant but also the crucial first step to buying more & better ones.

Topics in Colin’s interview:

  • Finding his first business (and business partner) on Craigslist
  • Delivering auto parts in the middle of the night
  • Buying a turnaround silk florals business
  • When his clothing business doubled in revenue overnight
  • Day-to-day logistics of running diverse businesses
  • Acquiring remote businesses: bookkeeping and e-learning
  • Importance of working capital in seasonal businesses
  • Pros and cons of having a diverse portfolio of companies
  • Asking advice for the future of his holdco
  • Finding and managing talent across diverse businesses

References and how to contact Colin:

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:

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

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

Connect with Acquiring Minds:

  continue reading

265 episodes

Artwork
iconShare
 
Manage episode 420666110 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.

Summary from Webflow: The first business Colin King bought was tiny & unpleasant but also the crucial first step to buying more & better ones.

Topics in Colin’s interview:

  • Finding his first business (and business partner) on Craigslist
  • Delivering auto parts in the middle of the night
  • Buying a turnaround silk florals business
  • When his clothing business doubled in revenue overnight
  • Day-to-day logistics of running diverse businesses
  • Acquiring remote businesses: bookkeeping and e-learning
  • Importance of working capital in seasonal businesses
  • Pros and cons of having a diverse portfolio of companies
  • Asking advice for the future of his holdco
  • Finding and managing talent across diverse businesses

References and how to contact Colin:

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:

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

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

Connect with Acquiring Minds:

  continue reading

265 episodes

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