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Sep 2023
1h 11m

Hiring a General Manager & Buying Busine...

Will Smith
About this episode

Shane Ehrsam & Brandon Adams return to discuss hiring a GM, buying business #2, the rewards of SMB life & managing envy. 

Topics in Shane’s interview:

  • Most professionally rewarding year of his life
  • Gratification of making a positive impact on your employees
  • Introducing new benefits for employees: 401k, health insurance, bonuses
  • Growing revenue even after COVID demand recedes
  • Not a “searcher-friendly” business
  • Reality of bumpy revenue in retail
  • Owning a business bought as a stock sale rather than asset sale
  • Dealing with envy in search
  • Identifying what is important to you in your journey to buy a business

References and how to contact Shane:

Topics in Brandon’s interview:

  • Magic of hiring a GM (when it works)
  • How to decide when it’s time to hire a GM
  • Improving the lives of employees
  • How they’ve improved their hiring for blue-collar roles
  • When to buy a second business
  • Professionalizing a business “being run like a South Philly pizza shop”
  • Get in the arena and doors will open

References and how to contact Brandon:

Get complimentary due diligence on your acquisition's insurance & benefits program:

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

Connect with Acquiring Minds:

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