19 - How to Survive Acquiring a $3.5m Flooring Business
I met Chris Edwards on Twitter. He had published a thread reflecting on his first six months as the owner of a small business he'd acquired. It was grim. The gist of his thread was basically, hey, you've heard small business acquisition is hard. You have no idea. But as you'll hear in this interview — and what to me is really the takeaway of Chris's story — it's already getting better. He can see the light at the end of the tunnel, and assuming things do continue to get better, this will have been a life-changing move for Chris, both financially and in terms of personal growth. It's pretty powerful. By the way, there are a lot of parallels between Chris's story and Mike Botkin's. Mike Botkin was one of the first Acquiring Minds interviews, so check that one out as well. Mike characterized his first three months as the new owner of a landscaping company as getting punched in the face every day. Chris prefers to call it a bloody knife fight, so choose your imagery of violence from either of those two. Anyway, both of these individuals bet on themselves, both hunkered down, and I predict both will not only be successful with their acquisitions, but will go on to do more. Here's today's interview with Chris Edwards.

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