Key Points From the Interview
ou've heard multiple Acquiring Minds guests lament, I love this path of having bought a business, I only wish I'd started sooner.
Well today's guests Meredith & Michael Schlinkert don't have that problem.
Meredith was just 25, and Michael 28, when the couple started considering the prospect of buying a business.
A couple years later, and they are the owners of BackgroundConnect, a background screening provider for employers and others that need to run background checks, drug tests, etc.
Fascinating business:
White collar, remote, great margins, something of a moat, tons of reoccurring revenue, and lots of revenue per employee. The business was generating almost a million dollars in revenue with just 3 employees.
Seems like a great fit for buyers whose criteria was pretty tight: non-blue collar and had to be in their local market, Houston.
And of course we also discuss going on this business-buying adventure as a couple.
So this makes a perfect complement to Kristen & Gabe Perez's interview a few episodes ago.
Note the contrast: Kristen & Gabe had 4 kids when they bought their business, while Meredith & Michael don't yet have any. So couples at both ends of the spectrum buying businesses.
Lots to enjoy & learn from here with Meredith & Michael Schlinkert, a young couple and owners of a business I personally like a lot, BackgroundConnect.
