Chandler Reed

Chandler Reed, an entrepreneur who bought and revived a commercial contracting firm after spotting the opportunity on a tweet. He recounts finding a distressed $10M business sold for $750K, using creative deal structures like earnouts and no personal guarantees. Conversation covers hands-on turnarounds, stabilizing revenue with service diversification, aligning sellers, and practical tactics for learning and executing in the first 90 days.

Chandler Reed, a savvy entrepreneur who bought a $750k commercial contracting business from a tweet, shares his inspiring journey. He dives into the intricacies of acquiring a struggling business and the resilience needed to navigate the challenges. Chandler discusses innovative financing solutions and the critical role of team engagement post-acquisition. He highlights the importance of strategic marketing and leveraging past job experiences to build success. Join him as he reveals valuable lessons for aspiring small business owners!

Chandler Reed, an educator who has guided over 200 aspiring entrepreneurs through his SMB Bootcamp, shares eye-opening insights about purchasing a first business. He discusses the challenges and lessons from his own acquisition journey, including negotiating deals and the realities of operating a small business. Chandler highlights misconceptions about entrepreneurship and explains his decision to buy a job rather than just a business. Listeners gain practical advice on minimizing risk and understanding that the post-purchase landscape can be tough.