Acquiring Minds Buying & Growing a Business While Keeping a Day Job
22 snips
Jul 11, 2024 
Entrepreneur Dominick Blue shares his journey of buying an air duct cleaning business, expanding into HVAC while keeping his W-2 job. He discusses mistakes in diligence, revamping services, finding leaders, ghosted by bank, advantage of selling direct, and his personal and business challenges.
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Last-Minute Bank Switch
- Dominic's deal nearly failed due to the seller's tax reporting issues.
- He switched to Live Oak Bank at the last minute and closed successfully after his original bank ghosted him.
Backup Banks
- Maintain relationships with multiple banks during the deal process.
- This provides backup options if your primary lender becomes unresponsive or the deal falls through.
Two Babies at Once
- Dominic closed the deal, had a newborn, and managed the business simultaneously.
- He emphasizes the importance of partner support and expectation management during this period.