Replacing Yourself as Operator Post-Acquisition

In this video, Walker discusses the best way to replace yourself as the operator in a business that you have recently acquired. He offers a tried and tested step-by-step framework you can use to make this a smooth and successful transition for your new business.
Timestamps:
0:01 Walker introduces the video topic
0:27 The challenges & Walker's personal experiences
0:36 Introduces a step-by-step framework
0:44 Walker introduces himself and more on the topic
3:27 Many small businesses don't have management in place - owner-operated
2:38 Uses an example $5 million business - $1 million SDE
5:20 How much are you going to pay the operator?
7:10 Build up cash and learn the business
8:30 Find the operator before acquiring a business
8.55 Learn your business first
10:45 Discusses book "Buy Back Your Time” by Dan Martell
11:08 Dan's "replacement ladder" chapter explains this well
14:22 SOPs for each area of the business
14:40 Replace leader as the last step
14:49 Outro -Buy Then Build/Acquisition Lab
Interested in buying a business in the next 6 to 24 months? With over 500 members, we've surpassed $200 million in member acquisitions and boast an impressive member-to-acquisition rate.
What sets us apart? We offer world-class education, diamond method coaching, valuable tools, and resources-all designed to support your journey to a successful business acquisition.
Check out acquisitionlab.com and see you on the inside.
Remember to like, subscribe, and click the bell to be updated when we have a new video and learn more about business acquisition with Acquisition Lab. Do you have any questions, tips, or ideas about managing risk in business acquisition? Let us know in the comments section below!
VISIT OUR WEBSITE: acquisitionlab.com
DOWNLOAD BUY THEN BUILD SAMPLE CHAPTER DOWNLOAD: acquisitionlab.com/free-chapter
LEARN FROM OUR BLOGS: acquisitionlab.com/blog/
MORE BLOGS AT BUY THEN BUILD: buythenbuild.com/blog/
CLIENTS' TESTIMONIALS: acquisitionlab.com/testimonials/
JOIN THE LAB: acquisitionlab.com/application/
SUBSCRIBE: / buythenbuild
********
Walker Deibel has practiced acquisition entrepreneurship since 2006, amassing $16.5 million in revenue through acquisitions. He has co-founded three startups, acquired seven companies outright, and has consulted (or participated in) over $200,000,000 in business transactions.
Walker holds an MBA from the Olin School of Business at Washington University in St. Louis, where he was awarded the Declaration of Accomplishment in Entrepreneurship.
He is a Certified M&A Advisor, Certified M&A Professional, M&A Master Intermediary, Certified Exit Planning Advisor, and former SEC-licensed stockbroker. He was awarded the Platinum Award from M&A Source and Thought Leader of the Year by The Alliance of M&A Advisors and Axial.com. Forbes, Entrepreneur, Fast Company, Inc, and the Harvard Business Review have featured his work.
Find out more about Walker and the Acquisition Lab team here acquisitionlab.com/meet-the-t...

[@Tim_Krause]

Incredibly well said! In my current business and previous businesses that I have owned and run. The business owner is rarely doing just one job. Especially at the beginning!

[@walkerdeibel-hy5pw]

Full court press! Gotta build value!