Key Points From the Interview
he original plan was not that both wife Lindsay and husband Kevin would buy businesses.
At first, the idea was that buying a business would be the path Linsday Buckheit took out of corporate.
Recognizing that this goal would be a serious commitment, Kevin Black decided to ride along with his wife as support.
For a while, not much happened.
8 months came and went, they were both still working in W-2's, and progress was elusive.
That changed when they decided to work with a buy-side advisor group.
Not only did the search accelerate, their plans changed. Kevin too would end up with a business.
In addition to working with a buyside advisor, other key themes to listen for in today's interview are key man risk and how to structure a deal with a forgivable seller note to protect against declining revenues.
Here are Lindsay Buckheit & Kevin Black, owners of Collective Creative Outdoors and Holdsworth & Nicholas.
