Dropping Bombs How to Turn Cash Flow into Long-Term Wealth: Episode 778 with The Real Brad Lea (TRBL)
12 snips
Jan 6, 2025 Chad Peterson, a seasoned expert with over 25 years in buying and selling businesses, shares invaluable insights on wealth creation. He argues why acquiring existing businesses is often smarter than starting new ones. Chad reveals how to leverage cash flow effectively and capitalize on the ongoing $10 trillion wealth transfer. He also discusses creative financing strategies and common pitfalls to avoid when selling a business. With engaging anecdotes, he emphasizes the advantages of business ownership over traditional investments, making this a must-listen for aspiring entrepreneurs.
AI Snips
Chapters
Transcript
Episode notes
Chad's Start in Business
- Chad Peterson started working young doing various odd jobs and built a lawn mowing business by age 18.
- An encounter with a buyer who wanted to purchase it introduced him to the concept of buying and selling businesses.
Buying Beats Building Businesses
- Buying a business is generally easier and smarter than building one from scratch.
- A massive $10 trillion wealth transfer of businesses will happen in the next decade, creating opportunity.
Buyers Get Seller Training
- You don't need to have experience in the industry to buy a business.
- The seller is obligated to train you and help you transition to run the business successfully.