Buying a Business to Balance Ambition and Kids

Constrained in her job and seeking more time for her kids, Ana Lia Barragan bought a $385k/yr, 30-year-old business.

Register for the webinars: 

• Your First Finance Hires After Buying a Business - TOMORROW!! - https://bit.ly/3OvsNic
• Real Estate Issues When Buying a Business - Thu, Apr 16 - https://bit.ly/3PYIhf8

Topics in Ana Lia’s interview:

• Wanted flexibility while raising two young children
• Hit promotion ceiling in corporate tech ladder
• Joined Beta Accelerator, buying businesses training program
• Treat LOIs like conversations, not commitments
• DIY diligence first to avoid costly mistakes
• SBA rule changes complicated future acquisition financing
• Recurring revenue lower than seller originally claimed
• Lost major client after leadership cost-cutting shift
• Built custom AI app for operations tracking
• Bought a job first, business later

References and how to contact Ana Lia:

• LinkedIn
• Kelly Green
• Ana Lia’s LinkedIn post on how the new SBA rules affect her
• Ana Lia’s LinkedIn post on the pre- and post-closing gap in understanding her business 
• Gabe Perez on Acquiring Minds: One Couple, 4 Kids, and a Business 3 Hours Away
• Darryl Lindie on Acquiring Minds: Hard but Fun: Transitioning a 77-Year-Old Business
• Nick Haschka on Acquiring Minds: How One Small Acquisition Led to 9 More in 5 Years

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

• Pioneer Capital Advisory

Get complimentary due diligence on your acquisition's insurance & benefits program:

• Oberle Risk Strategies - Search Fund Team

Get a free review of your books & financial ops from System Six (a $500 value):

• Book a call with Tim or [email protected] and mention Acquiring Minds

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter

Edited by Anton Rohozov
Produced by Pam Cameron