Surviving a 2-Month Revenue Freeze in Year 1
About this episode
Chibunna Chimezie discusses his experience surviving a revenue freeze after acquiring a business and the importance of post-acquisition liquidity.
Chibunna Chimezie's seller left $15k in the account. His post-acquisition liquidity is the only reason he made it. Register for the webinar: Learn to Avoid the #1 Reason Acquisitions Fail - Thu, Aug 13 - https://bit.ly/4wUCNSY Topics in Chibunna’s interview: His family’s immigration story from Nigeria Interest in how American healthcare works Learning to manage risk in business school Acquiring a service provider for veterans Government shutdown meant no revenue first 2 months Post-acquisition liquidity for the win Challenges veterans face back home Answering the after-hours phone himself His journey from banking to behavioral health Investment from New Majority Capital References and how to contact Chibunna: LinkedIn Veterans Room New Majority Capital 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 hello@systemsix.com and mention Acquiring Minds The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business: The Acquisition…
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