Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
“Set your mind on a definite goal and observe how quickly the world stands aside to let you pass.” —Napoleon Hill
Walker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
search funds prefer fragmented industries, sustainable market positions, a history of stable cash flows, have been “under managed” prior to the acquisition, and long-term opportunities for improvement and growth.57 Essentially, a platform profile.
Walker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
Going around the sales rep and meeting the president on the first visit is a good idea. This way, if performance ever gets rocky, you’ll know who to contact to get results.
Walker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
In the words of two-time Super Bowl winning head coach Jimmy Johnson, “The difference between ordinary and extraordinary is that little extra.” Congratulate yourself, you are the elite athlete of potential buyers.
Walker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
The OM will also likely highlight any customer
Walker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
Above all, strategic thinking, persistence, assertiveness, and being achievement-oriented, optimistic, and thick-skinned are the attributes most shared by successful entrepreneurs.
Walker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
Gazelles are defined by rapid growth and not size. To be classified as a gazelle, a company must
Walker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
Before you start looking for a company, it’s critical you take the time to outline your vision for the future. This outline starts with a deep dive into yourself. Make a list
Walker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
Getting a tour of the business can tell you multitudes about the culture and flavor. Cleanliness, orderliness, focused or unfocused employees, new or outdated assets.
Walker Deibel • Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
This investment model wasn’t invented by acquisition entrepreneurs. This is exactly the business model driving the entire private equity industry.