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Buying "Boring" Businesses and the Secret Goldmine of Acquisition With Chris Hillier

39:20
 
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Manage episode 464931027 series 3449675
Kandungan disediakan oleh Millionaire University. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Millionaire University atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

241. Did you know that buying a business can be a smarter path to success than starting one from scratch? In this episode, host Brien Gearin is joined by Chris Hillier, an entrepreneur and adjunct professor at the University of Denver, to break down the search fund model — a unique way for aspiring business owners to secure funding while searching for the right company to acquire. Chris shares his journey from building businesses in healthcare and brokerage to helping entrepreneurs navigate acquisitions. We explore financing options, key traits of successful searchers, and why boring businesses can be the best investments. Whether you're new to business ownership or looking for creative ways to scale, this episode is packed with actionable insights and expert advice to help you make your next move!

What we discuss with Chris:

+ Entrepreneurship Through Acquisition (ETA): A lower-risk path to business ownership

+ Search Fund Model: Investors fund entrepreneurs to acquire and run businesses

+ Acquisition Financing: SBA loans, seller financing, and investor-backed deals

+ Ideal Acquisition Targets: Profitable businesses with recurring revenue

+ Role of a CEO: Skills needed to successfully take over a business

+ Boomer-Owned Businesses: Growing opportunities as owners retire

+ Getting Started: How to find and vet businesses

+ ETA vs. Startups: Key differences and advantages

+ Scaling with Acquisitions: Building a portfolio through multiple purchases

+ Boring Businesses = Profits: Why overlooked industries can be goldmines

Thank you, Chris!

Follow Chris on LinkedIn.

Email Chris at [email protected].

Watch the video podcast of this episode!

And follow us on:

Instagram

Facebook

Tik Tok

Youtube

Twitter

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

Want to hear from more incredible entrepreneurs? Check out all of our interviews here!

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

463 episod

Artwork
iconKongsi
 
Manage episode 464931027 series 3449675
Kandungan disediakan oleh Millionaire University. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Millionaire University atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

241. Did you know that buying a business can be a smarter path to success than starting one from scratch? In this episode, host Brien Gearin is joined by Chris Hillier, an entrepreneur and adjunct professor at the University of Denver, to break down the search fund model — a unique way for aspiring business owners to secure funding while searching for the right company to acquire. Chris shares his journey from building businesses in healthcare and brokerage to helping entrepreneurs navigate acquisitions. We explore financing options, key traits of successful searchers, and why boring businesses can be the best investments. Whether you're new to business ownership or looking for creative ways to scale, this episode is packed with actionable insights and expert advice to help you make your next move!

What we discuss with Chris:

+ Entrepreneurship Through Acquisition (ETA): A lower-risk path to business ownership

+ Search Fund Model: Investors fund entrepreneurs to acquire and run businesses

+ Acquisition Financing: SBA loans, seller financing, and investor-backed deals

+ Ideal Acquisition Targets: Profitable businesses with recurring revenue

+ Role of a CEO: Skills needed to successfully take over a business

+ Boomer-Owned Businesses: Growing opportunities as owners retire

+ Getting Started: How to find and vet businesses

+ ETA vs. Startups: Key differences and advantages

+ Scaling with Acquisitions: Building a portfolio through multiple purchases

+ Boring Businesses = Profits: Why overlooked industries can be goldmines

Thank you, Chris!

Follow Chris on LinkedIn.

Email Chris at [email protected].

Watch the video podcast of this episode!

And follow us on:

Instagram

Facebook

Tik Tok

Youtube

Twitter

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

Want to hear from more incredible entrepreneurs? Check out all of our interviews here!

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

463 episod

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