Just talked to an entrepreneur who bought two construction companies and transformed his career. Here's his story:
This entrepreneur is Reza, a civil engineer from Iran with a passion for construction. Moving to Canada, he faced many challenges but never gave up on his dream.
Reza worked his way up from laborer to project manager in a construction firm. He always wanted to start his own venture, but needed the right opportunity.
After watching some inspiring videos, Reza decided to dive into business acquisitions. He found his first deal through a broker, signed an NDA, and began reviewing financials.
Financing was a challenge. Reza secured a mix of bank loans and even sold his house to make it happen. His determination and belief in his vision paid off.
The seller was motivated to sell due to retirement plans. The company had solid financials but lacked a strong management structure, which Reza saw as an opportunity.
Reza hired an accountant and lawyer on a success fee basis, ensuring he got expert advice without upfront costs. This was crucial in navigating the complex acquisition process.
He structured the deal with a combination of cash, vendor take-back, and earn-outs, aligning incentives for future performance.
Reza emphasizes the importance of mindset.
Believing in himself and committing fully were crucial for his success.
The first few months post-acquisition were smooth, thanks to the seller's support and a strong team.
Reza is now focused on expanding and integrating more acquisitions.
Want to hear what happens next?
I just released a 45 min interview with Reza.
Comment "Reza" and I'll send you the link.
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Moran Pober
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Just talked to an entrepreneur who bought two construction companies and transformed his career. Here's his story:
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