Rather Than Retire, Buy a Business

Acquiring Minds

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Get $200 off your ticket to the M&A Launchpad Conference in Houston on May 11th:

https://www.malaunchpad.com & enter code ACQUIRINGMINDS

At age 63, Maurice Thomas wasn't ready to retire, so he bought an electrical contractor with $1m in earnings instead.

Topics in Maurice’s interview:

Buying a business after age 60
Learning the right amount of diligence to do before submitting an LOI
Importance of a target statement for searchers
His values-first approach to business
Importance for searchers to “know thyself”
Politics and religion in the workplace
Gratifying work of coaching employees
His succession plan
Challenge of hiring lead electricians
Creating incentives that align with company goals

References and how to contact Maurice:

LinkedIn
Maurice@MainLineElectric.net
Main Line Electrical

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

Matthias Smith of Pioneer Capital Advisory

Get a complementary pre-acquisition HR & PEO review for your target business:

Contact mark@aspenhr.com or visit Aspen HR

Connect with Acquiring Minds:

See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter

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