In this episode of Mundane Millionaires, hosts Kevin Henderson and Eric Pacifici sit down with Chris Williams, CEO of System Six, and delve into the nuances of self-funded business acquisitions and the flexibility it offers in choosing a business to buy. Chris shares his personal approach, highlighting the importance of being direct and human in communication during the acquisition process.
Chris discusses different paths in business growth, citing examples of successful acquisitions in various industries. He emphasizes the significant increase in EBITDA through strategic purchases and the potential for scaling businesses rapidly. The conversation then shifts to the practicalities of self-funded searches, where Chris notes the typical financial structures involved and the substantial ownership stakes usually retained by the buyer.
The episode concludes with Chris reflecting on the diversity of strategies available for acquiring small businesses. He stresses the importance of understanding one's objectives and aligning the acquisition strategy accordingly. This insight provides a valuable perspective for entrepreneurs and business owners looking to explore acquisition as a growth strategy.
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