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How to Survive Buying into a Terrible Industry

How to Survive Buying into a Terrible Industry

Update: 2025-01-23
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Months into his ownership, Ayo Phillips realized his industry was fatally flawed. He survived and 5 years later, exited.

Topics in Ayo’s interview:

  • Acquiring with funding from a family office
  • Buying a declining business in a competitive industry
  • Unethical practices within his industry
  • Being honest about your motivation to buy a business
  • Losing 19 employees who became competitors
  • Treating his business like a startup
  • Pivoting from countertops to driveways
  • The toll the business took on his family
  • Successfully exiting the business
  • His 16 Commandments of Search

References and how to contact Ayo:

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

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

Get a complimentary IT audit of your target business:

Connect with Acquiring Minds:

Credits:
Edited by Anton Rohozov
Produced by Pam Cameron

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How to Survive Buying into a Terrible Industry

How to Survive Buying into a Terrible Industry

Will Smith

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