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Watch it on Youtube: https://youtu.be/mqUo2JryOY4

About The Guest(s): Andrew Swiler is the CEO of Lanteria, a company that provides HR management software built on the Microsoft ecosystem. He has a background in private equity and entrepreneurship and has a passion for turning around stagnant businesses.

Summary: Andrew Swiler, CEO of Lanteria, shares his journey of acquiring and turning around the HR management software company. He discusses the challenges of managing a remote team and navigating the acquisition process in the midst of a war. Andrew also highlights the importance of employee engagement surveys and one-on-one meetings in managing a remote workforce.

Key Takeaways:

Andrew acquired Lanteria, an HR management software company, and is focused on turning it around and growing the business.
He faced challenges managing a remote team, especially during the war in Ukraine, where the company's owners were based.
Employee engagement surveys and one-on-one meetings are crucial for managing a remote workforce and building trust.
Andrew plans to raise more capital to fuel the growth of Lanteria and potentially acquire other HR SaaS companies.
He believes that humans will continue to be the most important part of every business, even with the rise of AI.

Quotes:

"We knew there were going to be issues, but we gave ourselves a decent cushion with the capital we raised to make those errors." - Andrew Swiler
"If you think it needs to be said, just say it, because if you don't communicate it, that just compounds." - Andrew Swiler
"One-on-ones are a great tool for building relationships, trust, and addressing challenges." - Andrew Swiler

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Contact Andrew on
Linkedin: https://www.linkedin.com/in/swiler/
Website: http://lanteria.com/ Twitter: https://twitter.com/swilera
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E166: CEO Andrew Swiler Shares His Experience Acquiring and Turning Around Lanteria

How2Exit: Buy, Don't Build - M&A of Small Businesses