M&A Unplugged

In this episode, Domenic and Phil Stout discuss:   Phil’s background and how he and his wife were led to owning a small business  Becoming comfortable in a new industry  Preparing ahead of time to buy a business  Owning a business with your partner      Key Takeaways:   When looking for a business to acquire its key to have a list of requirements that are important to you as an individual  Have a realistic expectation of what cashflow will be expected  Have a good division of labor that focus on each other’s strengths in a partnership  A good ‘elevator pitch’ will create a much smoother process later, establishing a good rapport     "Deal fatigue is a real thing. Making sure that we’re not overwhelming the sellers who have to run a business still, was a huge thing we tried to focus on." — Phil Stout        About Phil Stout: As the new owners of Sizzle Productions, a 16-year-old staging company, Ashley and Phil Stout stage vacant properties across the Chicagoland area, catering to homeowners, developers an