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#45Acquiring Minds86.4 / 100Get badge
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Finance▲21 this period

Acquiring Minds

Hosted by Will Smith

Listed under Business › Entrepreneurship, Business › Investing

★4.9on Apple Podcasts · 39 recent reviews

Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business. Also on YouTube:

495 episodes · publishes weekly · latest 2026-09-21 · ~92 min/episode

Rank

#45

Substance

86.4

/ 100

Breakdown

Scored 2026-09
Updated monthly

Finance rank

#9 of 548

Best B2B Finance Podcasts →

Across the index

#45 of 6203

Substance

Top 1%

outscores 99% of the index

Why it scores where it does

Acquiring Minds ranks #45 on The B2B Podcast Index with a substance score of 86.4 out of 100, scored across 5 recent episodes. It scores highest on specificity & evidence and guest caliber. The episode is exceptionally data-rich. Specific metrics: 1.9M → 5M revenue, 340K → 1.3M EBITDA, 14 months, 31-year business, 11 employees, 20K customer database, 7,500 active phone numbers, $110→$75 clean-and-tune offer, 60-70 Google leads/month, 800 3-year prepaid maintenance customers, <2% marketing spend, 86% equity retained, $75K personal check, $50K each from two investors, $1.1M purchase price at 3.2x SDE, 20% seller note at 7%, 175K down, 5-7 year average tenure. Named examples: Gary Air, Sarasota, Tampa, plumbing add-on deal closing end of month, Grant Hensel partnership. Near-real-time financials. Technician tenure cited (14 years). Specific problem examples (electrical fire, water damage risk). Only soft spots: limited detail on exact SEO spend, local service ads strategy not fully quantified.

The five-dimension breakdown

Averaged across 5 recently scored episodes, with cited evidence.

Insight Density

16.6 / 20

The episode packs substantial operational insights: specific culture-change mechanics (removing phones, ditching filing cabinets), concrete learning tactics (ChatGPT tutoring for HVAC), measurable demand-generation moves (Google Business Profile yield, text-blast mechanics, NPS-driven referrals), and repeatable frameworks (Tuesday training cadence, callback logging as process improvement). The thread on sequencing work-in-business before work-on-business is novel. Some padding exists (lengthy background, sponsor reads), but core segments are dense with actionable ideas a trades operator would not encounter elsewhere.

“I removed all of the phones off the desk and put everyone on a VoIP phone system”

“I literally spent three hours at a time on drives, talking to ChatGPT, using voice in my truck, engaging back and forth around HVAC”

Originality

15.2 / 20

Rob's approach combines familiar ETA themes (small buy, hands-on learning, culture-first scaling) with a few contrarian moves: deliberate abandonment of the 90-day observation rule, aggressive digitization as forcing function, explicit use of ChatGPT for domain learning, and the articulation that working-in-business is tuition, not failure. The framing of trades toxicity as solvable via daily standup culture and mistake logging is less commonly voiced. However, the core narrative - new owner upgrades operations and grows fast - is well-trodden; the differentiation lies in execution detail, not foundational insight.

“The conventional wisdom is that you don't change anything in your first 90 days as a new owner...Rob Brooks had zero intention of following that advice”

“the two are sequenced, not opposed. He calls that first year tuition. You can't recruit a great technician if you can't speak the language, or coach a service manager toward running a $20 million company if you don't know what he does all day”

Guest Caliber

19.0 / 20

Rob is a proven operator at scale in two domains (staffing leadership at $25B+ global HR firm; now trades founder). He has demonstrable results: 340K to 1.3M EBITDA in 14 months, $1.9M to $5M+ revenue, with credible path to $30-50M platform. He speaks from first-principles experience (Marine Corps leadership, corporate ops, staffing recruiting, now hands-on HVAC ownership), not theory. He is actively building, not opining. The bar for a B2B operator podcast is someone who has actually done the thing at material scale; Rob clears it decisively.

“I think there's the idea of not quite doing it alone...Grant and I hit it off and I didn't want dumb money...I wanted to have someone that I can connect with”

“taking broken teams and turning them around very quickly...I'm not a zero to one guy, right, I'm not even capable of that. But put me in the seat at one and I'll help grow it”

Specificity & Evidence

19.2 / 20

The episode is exceptionally data-rich. Specific metrics: 1.9M → 5M revenue, 340K → 1.3M EBITDA, 14 months, 31-year business, 11 employees, 20K customer database, 7,500 active phone numbers, $110→$75 clean-and-tune offer, 60-70 Google leads/month, 800 3-year prepaid maintenance customers, <2% marketing spend, 86% equity retained, $75K personal check, $50K each from two investors, $1.1M purchase price at 3.2x SDE, 20% seller note at 7%, 175K down, 5-7 year average tenure. Named examples: Gary Air, Sarasota, Tampa, plumbing add-on deal closing end of month, Grant Hensel partnership. Near-real-time financials. Technician tenure cited (14 years). Specific problem examples (electrical fire, water damage risk). Only soft spots: limited detail on exact SEO spend, local service ads strategy not fully quantified.

“purchase price uh, 1, uh,.9 million...1.1 million, um, was the purchase price, uh, 20% seller note, 7, um, percent interest”

“trailing 12 months, we're at like 4.7, 4.8 million in revenue...1.3 million EBITDA”

Conversational Craft

16.4 / 20

Will Smith asks incisive follow-ups: presses Rob on why now vs. 15 years of corporate career (forcing specific catalyst), challenges the contradiction of buying small vs. buying large, pushes back on work-in-business vs. work-on-business tension, and queries demand generation as a blind spot. He also catches logical gaps (three-year prepaid memberships are unusual, prompts explanation). However, some softness: he doesn't deeply interrogate the risk of the filing-cabinet purge or whether culture toxicity claims are validated by data, doesn't push back hard on Rob's selective memory about HVAC learning speed, and doesn't challenge the assumption that one-off reputation wins scale to 3x revenue. Guest himself is reflective and concedes blind spots, which is admirable but also means interviewer doesn't force much discomfort.

“I just wonder, was there a catalyst? Like why that moment versus any of the prior 15 years?”

“On the other hand, you also then wonder, um, if they're going to go from a absentee owner...to a highly involved owner. There's likely to be some chafing there, uh, in the culture”

Standout episodes

  • $340k to $1.3m of Earnings in 14 Months

    2026-09-14

    100
  • Second-Time CEO Buys a $30m Title Company

    2026-08-06

    90
  • Never Worked Harder, Never Been Happier

    2026-07-09

    84

Rank over time

4 periods tracked.

Episodes

6 scored on substance · 83 tracked in total.

  • $340k to $1.3m of Earnings in 14 Months

    2026-09-14 · 1h 32m

    100 / 100
  • Second-Time CEO Buys a $30m Title Company

    2026-08-06 · 1h 23m

    90 / 100
  • Never Worked Harder, Never Been Happier

    2026-07-09 · 1h 28m

    84 / 100
  • How to 4x EBITDA in 3 Years Without Growing Sales

    2026-06-25 · 1h 24m

    78 / 100
  • Leaving $700s/Yr to Buy an Underperforming Printing Business

    2026-06-22 · 1h 26m

    80 / 100
  • From Software to Concrete Cutting (and $1.4m of SDE)

    2026-06-18 · 1h 38m

    79 / 100

What listeners say on Apple Podcasts

★★★★★
Best ETA / Search / Business Buying Podcast in the World
While other podcasts pitch their own services, Will stays focused on delivering accurate, genuinely useful content to his listeners. Hands down the best podcast out there for learning about acquiring a small business.

- BigSlick55

★★★★★
High Quality ETA Content
There is no one offering high level ETA content like Will. No click bate , just great stories and real searcher experiences to help people learn if they want to make the jump into ETA. This podcast has changed how I view the world. Thank you Will.

- Guy 2025

Frequently asked

What is Acquiring Minds's substance score?
Acquiring Minds scores 86.4 out of 100 for substance and ranks #45 on The B2B Podcast Index. That puts it ahead of 99% of the B2B podcasts we rank and #9 of 548 in Finance. The score reflects insight density, originality, guest caliber, specificity and conversational craft across recent episodes - not downloads.
Is Acquiring Minds worth listening to?
Yes - Acquiring Minds outscores 99% of the B2B finance podcasts and shows we rank on substance, so a finance operator is likely to come away with something useful.
Who hosts Acquiring Minds?
Acquiring Minds is hosted by Will Smith.
How often does Acquiring Minds publish?
Acquiring Minds publishes weekly, has 495 episodes, released its most recent episode on 2026-09-21.
Which Acquiring Minds episode should I start with?
Our highest-scoring recent episode is "$340k to $1.3m of Earnings in 14 Months" (100/100) - a good place to start.

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Frequently discusses

Companies, products and tools that come up most across this show's episodes.

Acquisition Lab · 2easyrackSearchers FundPacific LakeSystem 6Aspen HRHome DepotLowe'sPrint MozAries ManagementJP MorganFast SignsVistaprintEnzo TechnologiesQuality Cutting and CoringAccentureIBMBuy, Then Build

Guests who've appeared

Rob BrooksRandy RempGina RosenNed TomasovichDom SmithTom McCormick

Topics this show covers

The themes that come up most across this show's episodes.

online business · 79smb · 79acquire · 79acquisition · 79search funds · 2EBITDA growthGary AirHVAC service businessSarasota FloridaChatGPT for learning trade skillsHome services platformResidential HVAC serviceBusiness to consumer (B2C) servicesSDE (Seller's Discretionary Earnings)Sam Rosati SM BootcampEOS (Entrepreneurial Operating System)Title InsuranceYPO (Young Presidents' Organization)

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