Navigating Failure: Buying a $5m+ Business that Collapses
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About this episode
John Ikalowych shares his traumatic journey of going all-in to buy a hail-repair business, then having to shut it down.
Topics in John Ikalowych’s interview:
- John’s background in commercial banking
- Buying a car hail repair business
- Losing half his staff just months after acquisition
- The disaster that tanked their finances
- Pivoting from B2C to B2B
- Shutting down the business
- How the business failure changed him
- Closing a business with a personal guarantee
- John’s advice to searchers
- The importance of peer support
Links and how to contact John:
- 303-704-2461
- Entrepreneurs’ Organization
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Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
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- Follow Will on Twitter
Get every episode summarized
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