Rather Than Retire, Buy a Business

Acquiring Minds

Get $200 off your ticket to the M&A Launchpad Conference in Houston on May 11th:

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

At age 63, Maurice Thomas wasn't ready to retire, so he bought an electrical contractor with $1m in earnings instead.

Topics in Maurice’s interview:

• Buying a business after age 60
• Learning the right amount of diligence to do before submitting an LOI
• Importance of a target statement for searchers
• His values-first approach to business
• Importance for searchers to “know thyself”
• Politics and religion in the workplace
• Gratifying work of coaching employees
• His succession plan
• Challenge of hiring lead electricians
• Creating incentives that align with company goals

References and how to contact Maurice:

• LinkedIn
• [e-mail]
• Main Line Electrical

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

• Matthias Smith of Pioneer Capital Advisory

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

• Contact [e-mail] 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