Welcome back to The Richard Geek Podcast. Today, I sit down with Michael Frew, a software engineer who pivoted his career to acquiring online SaaS companies. Frew discusses his journey from corporate burnout to becoming a successful entrepreneur who now enjoys the freedom of running his own portfolio of businesses.
In this episode, we're discussing...
- Frew's transition from traditional software engineer to online business owner through acquisitions.
- The benefits of acquiring established businesses compared to starting from scratch.
- How to identify and target suitable businesses for acquisition.
- Due diligence considerations for software acquisitions, including financial metrics and team expertise.
- The concept of "buying momentum" and taking over operational businesses.
- Warning signs to watch out for during the acquisition process, such as unrealistic profit margins.
Resources from Michael:
Michael Frew | LinkedIn
Resources from Mike and Nichole:
Gateway Private Equity Group | REI Words | Nic's guide