10 Companies: Bought, Sold & Started (and now a business broker) Christine McDannell

10 Companies: Bought, Sold & Started Christine McDannell

Show Notes:

00:00 Intro

00:58 First Acquisition - Cleaning company

02:###-###-#### years old and cleaning homes

03:30 Acquiring market share, negotiating from $100k to $40k

04:52 How to integrate acquisitions without issues

06:04 How she sold he cleaning company MORE CASH

07:21 Opinion on the 1st broker experience

08:45 Why she sold

09:15 $250,000 in her account

10:53 Her next project: Wellness center - 3 competitor acquisitions

14:33 Using cash for acquisitions - wise decision?

15:40 Integration lessons

17:56 Who are her mentors - GKIC

19:55 Goal setting

21:40 A $1.2 Million skin graft Lawsuit story

25:12 Selling by herself on BizBuySell

26:00 the story on how she became a business broker

28:00 why did she call her company magnolia

28:36 where she found the deals to sell

29:57 Closing on 5 transactions in Dec

31:40 Her Fastest Close - 24 Hours

37:21 How she preps new sellers

43:16 How did she identify what she does not have/know

46:13 How she used the "4 Hour Work Week"

49:30 Talking about a few listings on themagnoliafirm.co

52:00 All cash or debt?

53:35 Dirty little secret with SBA loaners