Pete Seligman: Entrepreneurship Through Acquisition

It’s an unpopular opinion, but I believe more people should buy a business instead of starting from scratch.

I’m Jason Andrew, and this is Stark Naked Numbers. It’s the podcast that strips down the numbers of business, investing and wealth creation to help you become a better entrepreneur and a better investor, and ultimately build your net worth.

In this episode I’m joined by Pete Seligman. Pete is a search investor – he helps aspiring business owners find good businesses and gives them a great future through acquisition, growth and a successful exit.

Pete’s experience is unique, as he’s one of the rare folks who has personally acquired, operated and sold a number of small- to medium-sized businesses.

He tells us how he does it, and what he looks for in a great business – so you can go out and find yours.

Links:

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Follow Pete Seligman on LinkedIn and at peteseligman.com.au.

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To learn more about uncovering your financials, unlocking your cash and unleashing your cash, visit starknakednumbers.com.

Show Notes:

(1:15:) - What is a search fund, and how did Pete get involved in the industry?

(7:17) - Why would you buy a business instead of starting one from scratch?

(13:51) - What are the characteristics of a great business for a search investor?

(25:26) -The best business Pete has had an interest in, and why

(31:37) - How do you value a business?

(39:01) - How do you manage conflict with the previous owner?

(51:05) - How hands-on does a search investor need to be in the business?

(1:07:30) - How does Pete invest his personal net worth?

(1:10:44) - How to get involved in search investing