logo
episode-header-image
Oct 2023
21m 35s

SZN1: Diligently Doing "Due Diligence" i...

MakingChips LLC
About this episode

You’ve found your acquisition target. They’ve committed to selling you the business. Now the real work begins. It’s time for due diligence. Where does due diligence start? What factors should you consider? How do you build a checklist? 

Jason, Nick, Adam Schmitt, and I tackle due diligence in this episode of MakingChips. Because if you’re not doing due diligence, you may miss important factors that will impact your ability to make chips. And if you’re not MakingChips, you’re not making money. BAM! 

– Matthew Nix

Segments
  • [0:57] Where does due diligence start? 
  • [6:43] Don’t be afraid to walk away
  • [9:33] Will leaders and employees stay?
  • [11:01] Take a deep dive into processes
  • [12:26] Asset purchase vs. stock purchase
  • [15:45] Don’t stop asking questions
  • [18:46] How to develop your own checklist
Resources mentioned on this episode Connect With MakingChips
Up next
Jul 7
From Microns to Megastructures: Machining at the Extreme Ends of the Spectrum, 472
What do a luxury wristwatch and a 50-foot-long aerospace weldment have in common? They’re both precision-machined, but that’s where the similarities end. In this episode of MakingChips, we’re exploring the extremes of manufacturing—from parts that fit on the tip of your finger to ... Show More
55m 39s
Jun 30
Shop Floor Greatness Starts at the Top: Inside the Top Shops Culture at Major Tool, 471
What does it take to run one of the top-performing machine shops in the country? In this episode of MakingChips, we sit down with Kevin Bowling, COO of Major Tool & Machine, to find out exactly what drives their success—and why it all starts with people. Kevin isn’t just leading ... Show More
51m 23s
Jun 23
Managing Orders From Setup to Shipment—Without Losing Control, 470
Planning a job is one thing—getting it through the shop without chaos is something else entirely. In part two of our Managing Orders series, we move beyond quoting and scheduling to the messy reality of production: where kitting falls short, setups go long, expectations don’t mat ... Show More
48m 48s
Recommended Episodes
Jul 2021
David Sacks - How to Operate a SaaS Startup - [Invest Like the Best, EP. 234]
My guest today is David Sacks, General Partner at Craft Ventures and founding COO of PayPal. During our conversation, we explore what differentiates Enterprise SaaS from DTC subscriptions, what makes for a magical product launch event, and what key growth metrics David uses to me ... Show More
1h 3m
May 2021
The 1 Investment That You Can Make To Build A True Empire | Mike Ayala
In this episode of the Millionaire Mindcast, we have a very humble guest Mike Ayala, who shares his entrepreneurial journey and so much wisdom on measuring the exponential growth in an organization, finding opportunities and leveraging it, having great rhythm and routine that ser ... Show More
1h 6m
Dec 2022
415 - The Power of Perseverance | Just One More | Real-life motivation
Steve Guilfoile is one of the best relationship builders we’ve ever met. About a year ago, he and his business partner, Shane Shafer, talked with us about how they successfully built AffordaCare Insurance by providing value to potential customers before ever asking for their busi ... Show More
16m 59s
Jul 2021
Angel Investor Is Turning 100 Entrepreneurs Into Business Millionaires | Mark Haney | FFT | Replay
In this episode of the Millionaire Mindcast, we have a humble and amazing guy, Mark Haney who shares his entrepreneurial adventure from managing video companies to a huge security company, how he has helped lots of entrepreneurs, talks about Angel Investing, and gives tips on how ... Show More
53m 21s
Jul 2023
Luis Asks, "Do I Need To Start All Over?"
Ryan says this is the best freaking coaching call in the history of coaching calls! Because he was able to go deep with Luis who is going through a lot of personal changes right now and has been feeling doubtful about his launch and plan to get his brand to $1 million.   In their ... Show More
28m 12s
Mar 2021
How To Build A Massive Network and Brand Online | Dan Fleyshman | Replay
In this episode of the Millionaire Mindcast, Dan Fleyshman shares his secret sauce to success, and tips on how to be on top of your competitors, how to create a massive brand online, and how to balance your business portfolio! Dan Fleyshman is the youngest founder of a publicly t ... Show More
54m 22s
May 2024
SPI 789: The World of High-Value Business Exits with Nick Bradley
#789 Selling your business can be a once-in-a-lifetime moment that creates generational wealth for you and your family. But how do you build a brand that attracts potential buyers? If you're inexperienced, how do you avoid being taken advantage of and leaving money on the table? ... Show More
51m 43s
May 2023
How To Buy A Business And Make Money Online (Part 2) | Nate Lind
In this episode of the Millionaire Mindcast, we have Nate Lind who shares wisdom on his journey of buying businesses and making money online, when is the best and worst time to sell your business, business valuation analyses, and the buyer and seller due diligence! Nate Lind is T ... Show More
39m 6s
May 2021
Crafting a Successful Business and Brand that Can Be Sold Anytime | Mike Koenigs
In this episode of the Millionaire Mindcast, we have a spectacular guest, Mike Koenigs who shares insights and knowledge on how to build a business that can be sold anytime, the dos and don'ts of branding, and how to build an effective one! Mike Koenigs is a serial entrepreneur, ... Show More
58m 52s
Apr 2021
Mike Kerns and Jesse Jacobs - Content to Commerce - [Invest Like the Best, EP. 220]
My guests this week are Jesse Jacobs and Mike Kerns, co-founders and partners at The Chernin Group, TCG, a multi-stage investment firm dedicated to building consumer businesses. Many think of TCG as some of the best media investors in the world, and in this discussion, you’ll qui ... Show More
1h 12m