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13min chapter
First-Timer Buys 8-Figure Business 4 Hours Away
Acquiring Minds
Navigating Business Acquisition Challenges
This chapter explores the strategic considerations and geographical preferences for purchasing a business, particularly avoiding California due to its difficult environment. It discusses the importance of strong management teams, seeking capable leaders, and the intricacies of phantom equity as an incentivization tool. Furthermore, it highlights the significance of trust and personal connections in the buyer-seller relationship through a case study of a business in Portland, Oregon.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode