78 - Search Success in a Small City: $500k SDE, 95% Recurring
I feel like James Maxwell and his partner Jordan acquired a great business. It's B2B recurring revenue, solid contracts, nicely aged, and perhaps above all, what sounds like a really solid seller. Very organized, immaculate books, good to her people and good to James and Jordan. As you'll hear, she teed up some contracts for them so that within the first months of ownership, the business saw a nice pop in growth. What a gift. One thing she didn't do great, however, was delegate. Their seller worked very much in the business, not on it. And that was something that James wanted to address immediately by hiring a general manager once he became owner. So this episode is not only a great story, but one that will be particularly interesting to those of you who want to put a GM in place as promptly as possible. Listen on for that and much, much more with James Maxwell.