Think Like an Owner Mark Hunter - Lessons from a Career in Micro Private Equity - Ep. 54
Mar 9, 2021
Mark Hunter, co-founder of KLH Capital, offers valuable insights from his extensive experience in micro private equity. He shares unique acquisition strategies and emphasizes the importance of emotional intelligence in fostering successful business relationships. Mark recounts cultural lessons from his entrepreneurial journey, highlights the pitfalls of poor investments, and critiques traditional education in favor of experiential learning. His stories inspire aspiring business owners to navigate challenges with integrity and cultivate meaningful connections for lasting success.
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Prioritize Owner Motivations
- Get to know owners' personal motivations before making offers.
- Meet people in person to uncover the non-financial fit that drives successful deals.
Google Earth Revealed Fraud
- Mark lived with a seller and discovered they falsified service visits via Google Earth.
- That fraud destroyed the margins and sank the leveraged purchase in Jackson, Mississippi.
Don't Buy From Compromised Sellers
- They bought a cosmetics blender from someone with a police report noting a crack pipe.
- The acquisition became a full write-off after undisclosed personal issues surfaced.