2 Acquisitions in the Mailing & Marketing Industry: What You Need to Know with Devin W Craig

In this video, we take a look at two recent acquisitions made by Devin Craig in the Direct Mail and Advertising industry. In this video, we decode what these deals mean for business owners in these industries. And what lessons can SMB's learn from them?

SHOW NOTES:

00:00 Intro

00:35 Devin's call to adventure

03:29 How to deal with Brokers asking for proof of funds

05:00 Devin's 1st Deal - not much experience in industry

06:45 Price, Motivated seller & why did they sell

09:40 Why You Shouldn't Take the Seller's Word on Who to Pick as GM

13:08 How buying a business changed his life

13:28 Re-investing profits & process

17:16 How he went for new business & opening the books

20:30 2nd Acquisition reason

26:32 How Devin is Able to Own 2 Businesses While Working Less Than 20 Hours Per Week

32:20 What he wished for in the first acquisition

33:00 Working on his 3rd

36:31 Being the Gordon Ramsey of printing company

43:45 Aaron Muller: The Lifestyle Business Owner

47:44 How strategic buyers get 100% bank financing

50:07 All that matters is that the business buys the business

51:40 What are you going to do with the money Mr. Seller?

55;00 exploring a software - printing company

LINKS

https://www.linkedin.com/in/devincraigccg/