Lessons From my First Month as the CEO of a Newly Acquired Company

investor profile

September 30, 2021

by an investor from Harvard University - Harvard Business School in Toronto, ON, Canada

All- I have added a new section to my blog ("Buying a Business"), targeted specifically towards the Searchers and aspiring CEOs within this network. My posts will cover my experience, reflections, and lessons learned in searching for, acquiring, and integrating myself into a newly acquired SMB. This new section compliments my existing posts on Managing a Business, Managing Yourself, Managing a Software Company, and Selling Your Business.


My first post in this new category (link below) covers my major lessons learned during my first month as the CEO of a newly acquired company. As some of you may know, in 2014, I became the CEO of a mid-sized software company (after my search fund had acquired it from its original co-founders), powered by all of the wisdom and experience that one would expect from a 27-year-old who had never managed as much as a fruit stand in his entire life.


In this blog, I attempt to share with you some of the major lessons learned and observations gleaned from my few months as the CEO of a newly acquired small business, in hopes that you can utilize some of them when you find yourself in a similar situation.


Read (or listen) here: Lessons From my First Month as the CEO of a Newly Acquired Company


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commentor profile
Reply by a searcher
from University of Toronto in Oakville, ON, Canada
Just listened Steve, thanks for sharing. I especially take note on the 100 day plan. I think going in with a definitive plan shows your employees and customers that you are not really interested in listening first and the addressing thereafter. I look forward to sharing similar perspectives once I have a deal complete. All the best!
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Reply by a searcher
from University of Pennsylvania in Philadelphia, PA, USA
This is a great perspective. I especially liked your section on 'Quick wins'--I strongly believe small actions can snowball into big results (and it looks like a lot of the actions you took helped generate great trust with employees). Thank you for sharing Steve
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