In this episode of Before You Buy or Sell a Business, host Jared Johnson welcomes back Tommy Speigner to share his journey and lessons learned from acquiring a business in an industry he had never explored before. Tommy discusses the process, challenges, and triumphs he experienced in finding and buying a company. The conversation dives into the nuances of engaging with investors and the strategic approaches for buying and growing a business successfully. From the decision-making strategies to the realization of purchasing a forestry and vegetation management service company, this episode unpacks the details of identifying viable business opportunities and the role of investor relationships. Tommy's experience demonstrates the importance of adaptability and keen business acumen. • Tommy Speigner explains the differences between his initial solo venture and his recent team-backed approach. • The episode delves into the intricacies of searching for and acquiring a business outside one's typical industry. • Key discussions on leveraging relationships, networking, and utilizing different types of funds for business acquisition provide valuable insights. • Tommy shares his firsthand experience with the SBA loan process, exposing both challenges and triumphs. ______________________________________________________________________ In the Video: 0:00:00 | Introduction 00:03:07 | Search funds and self-funded searches. 00:07:22 | Tommy shares his experience raising funds 00:10:15 | Tommy discusses the unique deal 00:14:11 | Having investors who can also provide business support is beneficial 00:19:29 | Communities and platforms where people are open to providing advice 00:23:54 | Looking throughredacteddeals 00:28:45 | Details on forestry business 00:32:25 | Tommy praises the broker 00:39:15 | Tips on navigating the SBA process 00:46:38 | The firstredacteddays and the learning curve 00:53:11 | Conclusion and appreciation for listening ______________________________________________________________________ DISCLAIMER: The views and opinions expressed in this program are my own and/or those of my guests. They do not necessarily reflect the views or positions of my employer. ______________________________________________________________________