Today I delve into 2 topics with Mark Sinatra, a searchfunder, search fund investor, and CEO of Aspen HR. The first topic with Mark is what your HR due diligence should look like when evaluating a business to buy. This area of diligence is often overlooked, but of course getting the people aspect of your acquisition right is crucial. The second topic is how to evaluate when to buy an add-on business to your first acquisition. We discuss the timing as well as a couple types of add-on acquisitions.
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CONTENT
00.00. Mark's background
06:19. Importance of HR diligence in acquisitions
10:15. Having the right team in the right seats
13:35. Being aware of your biggest customer
20:58. Lessons learned from losing a big customer
25:18. Timing and types of add-on acquisitions
29:43. Integration strategies for add-on acquisitions
34:58. Contact information for Mark Sinatra
37:07. End
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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.
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