My guests in this episode are Austin Hall and Palmer Higgins. A few months ago, I ran a survey with Think Like An Owner listeners to get feedback on the direction of the podcast. And one of the questions I asked was on new episode formats. One of those formats that received great feedback was facilitating conversations between two owners in similar industries that they could dive deep into their own businesses in a way I can’t since I don’t operate a business like theirs.
I reached out to Austin and Palmer, who both lead lawn care businesses in Chicago and Maine, respectively, and are great friends. And they work to test the format with me. This wide-ranging conversation between the two of them covers what they’re struggling with within their companies, pricing, materials, hiring and training, tractions, EOS, implementation, and everything involved in scaling a people-intensive business. Please let me know what you think of the format. I’m posting this episode specifically to get feedback on the format. And if I should do more episodes like this one or not. Send me your thoughts via email to [email protected] On Twitter, where you can find me at @aebridgeman and finally via my website, alexbridgeman.com.
Thank you in advance for sharing your thoughts. I hope you enjoy the episode.
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Think Like an Owner Sponsors
Live Oak Bank — Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. Live Oak has closed billions of dollars in SBA financing and is actively looking to help more small company investors across the country. If you are in the process of acquiring a company or thinking about starting a search, contact Lisa Forrest or Heather Endresen directly to start a conversation or go to www.liveoakbank.com/think.
Hood & Strong, LLP — Hood & Strong is a CPA firm with a long history of working with search funds and private equity firms on diligence, assurance, tax services, and more. Hood & Strong is highly skilled in working with search funds, providing quality of earnings and due diligence services during the search, along with assurance and tax services post-acquisition. They offer a unique way to approach acquisition diligence and manage costs effectively. To learn more about how Hood & Strong can help your search, acquisition, and beyond, please email one of their partners Jerry Zhou at [email protected]
Oberle Risk Strategies– Oberle is the leading specialty insurance brokerage catering to search funds and the broader ETA community, providing complimentary due diligence assessments of the target company’s commercial insurance and employee benefits programs. Over the past decade, August Felker and his team have engaged with hundreds of searchers to provide due diligence and ultimately place the most competitive insurance program at closing. Given August’s experience as a searcher himself, he and his team understand all that goes into buying a business and pride themselves on making the insurance portion of closing seamless and hassle-free.