Jordan Carter started as a part-time, generalist searcher. 3+ years later, he bought a biz doing $2.4m with 40% margins.
Topics in Jordan's interview:
- Part-time vs. full-time searching
- Consulting in order to generate income while searching
- Misconceptions about how easy it is to find a business to buy
- How much cash Jordan saved for his self-funded search
- Generalist vs. industry-specific search
- Using interns for search
- Value of speaking with owners (even if they don't want to sell)
- Optimal percentage of time to devote to deal sourcing
- Accessing equity capital
- Adding value to a super niche business you're completely new to
- Growing a business 40% in 2 years after acquisition
- Buying a grant-writing business
- The pain of losing an LOI
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