White Collar RollUp from 700k to 12m Jordan Evans Interview

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Blue collar, trades businesses get so much attention in our world of buying businesses. But today's interview is with an entrepreneur who bought a white collar business. In 6 years, he's taken a small 4-person, $700k/yr business to $12m in annual revenue, growing it both organically and inorganically with 3 bolt-on acquisitions. Jordan Evans bought a language services business from his parents — another interesting angle of the story we spend time on. You may be intrigued, as I was, by the language industry. It's bigger than you think, and everywhere but nowhere, as Jordan describes it. So this is a great story for anyone who hears the blue-collar business buying stories but just can't imagine themselves in such a business. This is the story of a white-collar roll-up. It's also the story of someone who bought a very small business, had to pound the pavement in the early days to generate sales (literally delivering donuts himself), but figured that out and acquisition out, and is having a blast building his way toward $40m in revenue. Enjoy this interview with Jordan Evans, owner of Language Network. • ❤️ Enjoy this interview? SUBSCRIBE for more: https://bit.ly/42hLnN0 • • 00:00:00. Introduction to Jordan Evans • 00:05:57. Jordan decides to buy his family’s business • 00:10:03. Jordan’s slow transition to ownership • 00:14:27. Structuring the acquisition deal • 00:21:00. Financing small business acquisitions • 00:27:08. Modernizing and cleaning up the business • 00:38:07. Jordan decides to aquire more businesses • 00:43:17. The scale and potential of the language industry • 00:50:49. Stock Purchase vs. Asset Purchase: Key Considerations • 00:57:46. Back office vs. front office integration • 01:07:37. The language services industry: opportunities and challenges • 01:10:54. Private equity and acquisition activity in language services • 01:17:53. Untapped white collar services industries • 01:23:27. Margins in language services • 01:28:59. How will Ai affect language services? • 01:35:26. Advice for searchers considering language services • 01:38:40. Jordan’s goals for his businesses • CONNECT with the Acquiring Minds podcast, socials, etc. • 🎧 Podcast on Spotify: https://open.spotify.com/show/2vZrl0u... • 🎧 Podcast on Apple: https://podcasts.apple.com/us/podcast... • 👉 Get notified of new interviews: https://acquiringminds.co • 👉 Follow host Will Smith on Twitter: / whentheresawill • 👉 Connect with host Will Smith on LinkedIn: / willsmithsf • 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. • #business #acquisitions

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