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How to Sell Your Plumbing Business: Insights from a Successful Acquisition
Manage episode 446492316 series 3599152
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The Adam Loveridge: Job Calls Podcast Episode 5, Lawrence Snow, owner of a successful plumbing and home services business, talks about his experiences with business acquisitions and private equity in the home services industry. Lawrence shares insights on the importance of company culture, leadership, and financial management when preparing a business for sale or acquisition. He emphasizes the value of creating systems, knowing your numbers, and being able to step away from day-to-day operations. Lawrence also discusses the challenges of working with private equity firms and provides advice for business owners considering selling their companies.
Timestamp:
00:00 - Introduction and Background
05:29 - Challenges in Acquisitions
10:40 - Company Culture and Values
15:38 - Employee Development and Retention
20:11 - Private Equity Experiences
25:05 - Family Business Succession
30:15 - Financial Management Importance
35:29 - Leadership and Vision
40:39 - Advice for Selling a Business
45:54 - Networking and Continuous Learning
50:54 - Final Thoughts and Recap
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