Mundane Millionaires
There’s an entire generation of Americans who no longer care about prestige, titles, work travel, fancy offices and lunches. Mundane Millionaires is a podcast for this generation of small business owners who want to set their ego aside and focus on what matters — family, community, quality of life, and cash flows. In each episode, Eric Pacifici and Kevin Henderson uncover what it takes to get a little money in the bank, control your time, and invest in building great families and lives.
Mundane Millionaires
Chris Williams: Crafting Success in Entrepreneurship
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.
Thanks for listening! Be sure to leave us a 5 star review and share this episode with your friends!
For more content from Mundane Millionaires, follow us here:
Sign up for the free Business Buying Masterclass at https://masterclass.thesmbcenter.com!
For more content from our hosts, Kevin and Eric, following them here:
Kevin:
Eric Pacifici
