18 Oct Built to Flip: How to Buy, Build, and Sell a Business with Jim Lindstrom
In this episode of Built to Sell Radio, Jim Lindstrom discusses how he acquired BuzzWord, a company specializing in ESG (Environmental, Social, and Governance) reporting. Lindstrom explains how he built a killer culture by transforming contractors into full-time employees and incentivizing them with a two-part profit-sharing scheme focused on cash flow and EBITDA, setting the business up for future sale.
Here’s what you’ll discover how to:
Identify acquisition opportunities and assess their growth potential
Retain key talent and transition contractors into long-term employees
Implement an innovative two-part profit-sharing plan that incentivizes both cash flow and EBITDA
Build a business to position it for a profitable sale
Manage the risks and rewards of relying on contractor-based teams
Lindstrom’s experience highlights the strategy behind buying, building, and preparing a business for future sale.
