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When the owner refused a seller note in the $6m transaction to sell his business, Tom McCormick had to get creative.
Register for the webinar:
- Understanding a Quality of Earnings Analysis: What's Included and Why - TODAY!! - https://bit.ly/43sZcKn
Topics in Tom’s interview:
- From IBM executive to acquisition entrepreneur
- Building banker relationships to source better deals
- Closing on his first LOI
- Consulting agreement replaced traditional seller note
- “I wish I would've started this path 15 years ago.”
- Winning seller’s trust through shared values
- Using ROBS to buy a larger company
- A costly lesson about accounts receivable valuation
- Prioritizing keeping the blue collar workforce happy
- “I am so much happier now.”
References and how to contact Tom:
The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:
Get a complimentary IT audit for acquisition diligence or post-close transition.
- Visit inzotechnologies.com/eta.
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact jenny@aspenhr.com
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
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면책 조항: 이 페이지에 포함된 팟캐스트와 작품은 Will Smith에서 가져온 것입니다. 이 팟캐스트는 소유자의 재산이며 Listen Notes, Inc.와 제휴하거나 보증하지 않습니다.
