Aaron joins us today to discuss franchise ownership and business acquisition. He explains what “company synergy” means and outlines the factors he considers when acquiring or partnering with businesses. He discusses why company culture is one of his favorite things about Interim Healthcare. Aaron also highlights the advantages and disadvantages of franchise ownership and underscores how entrepreneurs can adapt their business models to the pandemic.
“Focus solely on the things you’re passionate about and good at – and outsource everything else.” – Aaron Kricher
This week on Traversing Entrepreneurship
- Aaron’s background and journey into the world of entrepreneurship
- His approach to franchise ownership
- What Aaron enjoys most about being a business owner
- Business synergy and the factors Aaron looks for in a business acquisition
- Why company culture is one of Aaron’s favorite things about Interim Healthcare
- The hardest parts about being a business owner
- How COVID-19 has impacted operations at Interim Healthcare
- Managing increasing wages and adapting the franchise business model to the pandemic
- The disadvantages of franchise ownership
- How Interim Healthcare took care of its employees during the pandemic
Resources Mentioned
- Book: Outliers: The Story of Success by Malcolm Gladwell
Our Favorite Quotes
“In a business acquisition, look for something wher you can change the name on the sign at the door – and have it operate the same way without having to reinvent the wheel.” – Derek Dall’Olmo
“Woories are necessary because they demonstrate that you care abou the business in a way that’s conducive to providing good service to custoemrs.” – Aaron Kricher
“To become sucessful, you can’t just rely on yourself. You need to be reliant on others – to build a team of people you know, like an trust. Then, culture becomes evident.” – Derek Dall’Olmo
Connect with Aaron Kricher
- ARK Valuation Consultants
- Aaron Kricher on LinkedIn
- Email: traversecity@arkvaluation.com
About TreMonte Tax Solutions and Traversing Entrepreneurship Podcast
Traversing Entrepreneurship is a show for and about business owners in Traverse City, Michigan and beyond. In each episode, host Derek Dall’Olmo sits down with local business owners and the professionals who serve them to talk about business building, life, money, taxes, family — and all the ups and downs that come with doing something different. Join us to hear their stories and lessons learned — and to get inspired about what might be possible in your own business.
Derek Dall’Olmo is the founder of TreMonte Tax Solutions, a tax planning firm that serves business owners and entrepreneurs. This show is for informational purposes only and should not be relied upon for investment decisions.
Email Derek Dall’Olmo at derek@tremontefinancial.com with questions, comments, and to schedule a one-on-one conversation, and follow him on Facebook and LinkedIn.
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