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Acquisitions Anonymous - #1 for business buying, selling and operating
Jump into the world of business acquisitions with hosts Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley.
We review real businesses for sale in each episode, providing expert insights, strategies, and tips to make savvy business moves like the pros. Perfect for entrepreneurs, investors, and anyone interested in buying and selling businesses.
Acquisitions Anonymous - #1 for business buying, selling and operating
How to make it in PE? - Acquisitions Anonymous episode 168
Michael Girdley (@Girdley) is joined by Michael Arrieta (@MikeArrieta) to talk about his journey from W-2 to HoldCo operator. He gets to talk about storytelling, how his fund is structured, the challenges he faced, and how HoldCo CEO is the most difficult job in the world.
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(0:00) - Introduction
(0:40) - Our Sponsor is CloudBookkeeping.com
(2:10) - Guest Intro: Michael Arrieta
(6:00) - How did public speaking affect your career?
(7:50) - The gun show analogy
(9:00) - What is the biggest enemy we have today?
(10:00) - Honesty and vulnerability as an advantage
(11:00) - How to grow your network?
(14:28) - What is the most important thing about transmitting your message?
(16:10) - How do you cultivate missionaries rather than mercenaries?
(19:28) - How did you transition from a W-2 to business owner?
(22:52) - What was your calling? What is your investment thesis?
(25:05) - What was the key to start your fund?
(26:30) - How do you build relationship capital?
(29:30) - How did you optimize your fund for a permanent hold model?
(36:21) - Being smart means you can quote the US Tax code
(37:21) - What have you learned in these two years?
(40:30) - How do you run a campaign to intermediaries?
Links:
https://www.joingardencity.com/
https://twitter.com/mikearrieta
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