Acquiring Minds

Started as SBA Searcher, Built to a PE Fund

June 1 · 1 hr 46 min · 101.9 MB
0:00-1:46:10

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The first business Joe Wechsler bought had $280k of SDE. Seven years later, he runs a fund with $50m of buying power.

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Topics in Joe’s interview:

  • Background in management consulting
  • Inspired by Rich Dad Poor Dad to own assets
  • Joining an early cohort of the Acquisition Lab
  • Searching is more fun with a partner
  • First deal died 10 days before closing
  • Discovering employees had never been paid overtime
  • Total office staff turnover in first 4 months
  • Acquiring 4 diverse businesses
  • Launching a $25M equity fund with 5 partners
  • It’s all about the people

References and how to contact Joe:

Get a free review of your books & financial ops from System Six (a $500 value):

Download the New CEO’s Guide to Human Resources from Aspen HR:

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

Connect with Acquiring Minds:

Edited by Anton Rohozov and produced by Pam Cameron