How to Lead a Trades Business Without Knowing the Trade | Trip Biesanz Interview

Today's guest was a franchisee before he decided to buy a business.
His search was hard, long, and basically fruitless after 18 months - at which point he decided to engage a buy-side advisor. Listen for the key pivot point in Trip's story where he narrows his criteria from industry agnostic all the way down to just construction, and how that narrowing made all the difference.
If you're struggling in your search, ask yourself: perhaps tightening your focus would help. (Which is counterintuitive to new searchers.) Trip also discusses what it's like to own a construction business from the inside, including if you don't know the trade. OK, here he is, Trip Biesanz, owner of G&C Glass, Mirror & Construction.
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00:00:00. Trip’s background in franchising
00:07:11. Trip leaves franchising
00:13:37. Trip starts searching
00:19:50. Connecting with the business community
00:25:09. Working with Calder Capital
00:34:52. Focusing on the construction industry
00:38:45. Introduction to GNC Glass, Mirror, and Construction
00:48:19. Challenges in the construction industry
00:56:13. Hiring and building a strong team
01:00:40. Learning curve in the business
01:11:00. Advice on franchising
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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.
Credits:
Edited by Anton Rohozov
Produced by Pam Cameron
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