Business Collapse After Going All-In

Register for the webinars:

• Due Diligence Office Hours - Wed Oct 16 - https://bit.ly/4h3R74o

• Cap Tables 101: How Capital Structure Works When Buying a Business - Thu Oct 24 - https://bit.ly/3zT8sMA

Justin Willess liquidated his 401k to buy a $8.5m construction business. He lost the business and may lose his house.

Topics in Justin’s interview:

• Frustration with his consulting career
• Buying a construction company
• Construction landscape in Northern Virginia
• Discovering cooked books after transition
• Seller refused to release promised funds
• Emptying his 401k to make payroll
• Calm is contagious
• Closing the business
• What he learned from the failed acquisition
• Why he wants to acquire again

References and how to contact Justin:

• LinkedIn
• justinwilless@gmail.com

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

• Matthias Smith of Pioneer Capital Advisory

Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:

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

Learn more about Walker Deibel's done-with-you buy-side advisory:

• The Acquisition Lab

Connect with Acquiring Minds:

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