Episode 9 - Franchise Ownership and Business Valuation with Aaron Kricher

Traversing Entrepreneurship

Aaron Kricher is the Founder of ARK Valuation Consultants, a business valuation firm dedicated to providing affordable and customizable business valuations tailored to clients’ needs. With over two decades of experience in human resources and finance in the healthcare industry, Aaron is an expert in business valuations for small and medium-sized companies. In 2020, Aaron purchased the Saginaw staffing branch of Interim Healthcare, and currently serves as its President and CEO.

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 Interim Healthcare’s operations
• Managing increasing wages and adapting a franchise’s business model to the pandemic
• The disadvantages of franchise ownership
• How Interim Healthcare took care of its employees amid the pandemic

Resources Mentioned:

• Book: Outliers: The Story of Success by Malcolm Gladwell

Our Favorite Quotes:

• “In a business acquisition, look for something where 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
• “To become successful, you can’t just rely on yourself. You need to be reliant on others—to build a team of people you know, like, and trust. Then, culture becomes evident.” - Derek Dall’Olmo
• “Worries are necessary because they demonstrate that you care about the business in a way that’s conducive to providing good service to customers.” - Aaron Kricher

Connect with Aaron Kricher:

• ARK Valuation Consultants
• Aaron Kricher on LinkedIn
• Email: [e-mail]

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 ownerships 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 [e-mail] with questions, comments, and to schedule a one-on-one conversation.

Follow Derek on LinkedIn.

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