Online Business Launchpad | Start An Online Business | Online Business Growth
Michael Frew is a seasoned engineer-turned-entrepreneur who specializes in acquiring SaaS (Software as a Service) businesses. In this episode, we dive into Michael's journey and his role in managing a portfolio of SaaS businesses for WebStreet. Michael shares the nitty-gritty of why buying a SaaS business is often better than building one and offers valuable insights on everything from the acquisition process to dealing with the psychological impact of selling a business. Whether you're a developer concerned about AI taking your job and looking for alternatives, or an aspiring entrepreneur, this episode is packed with actionable advice. We also talked about: * Michael’s transition from developing to acquiring businesses and how it changed his career. * The process and criteria Michael uses to identify and acquire SaaS businesses. * The role of WebStreet in facilitating passive investments in software businesses. * The importance of steady growth and business fit in successful acquisitions. * Preparing for business acquisitions, including financial planning, due diligence, and transition planning. * The impact of AI on the acquisition process and its potential for both internal improvements and external risks. * Advice for potential operators and sellers, emphasizing mindset shifts and comprehensive business evaluation. Tune in to this episode to learn how to build a successful SaaS portfolio and transform your approach to business growth. Want to be notified when new episodes come up? Sign up here [https://onlinebusinessliftoff.com/newsletter/]. RESOURCES MENTIONED: * Michael Frew’s website: michaelfrew.com [https://michaelfrew.com] * WebStreet: webstreet.com [https://webstreet.com] Get regular access to tips, techniques, and advice from experts [https://onlinebusinessliftoff.com/newsletter/] about growing your business. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.
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