Smart Friends

#037 Inside Buying & Selling Internet Businesses with Thomas Smale, Founder/CEO of FE International

May 3, 2022

01:30:03

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Highlights

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Episode notes

Getting a Good Deal on the Way In

01:36

How Much Work Is Required to Hand Over the Keys?

02:40

Is It Interesting Trade-Off on Capital Preservation?

01:49

Is This a Boot Strap Business?

03:48

Introduction

6min

I've Gotten a Little Bit of a Self-Educated Hobby From Reading Prospectuses

2min

What Is a Business Like That?

2min

How Do You Get Paid Retainers for Your Business?

3min

Is There a Sense of Repeat Business?

2min

Is This a Boot Strap Business?

4min

How to Build a Sustain Ord Business

2min

Efi International

2min

How Did You Come to Start This Business?

4min

10.

Business Brokers in the Us

2min

11.

Sass E Commerce

2min

12.

Is There a Buyer or a Seller?

5min

13.

Are You in the Catbird Seat?

3min

14.

Is Fi International Doing 20 or 500 a Year?

4min

15.

How Much Time Are You Spending?

3min

16.

How Many Hours Did You Spend on Your Business on an Average Week?

2min

17.

The Difference Between Buying a Business and Managing a Business

2min

18.

How Do You Make Money on a Deal?

5min

19.

Is It Interesting Trade-Off on Capital Preservation?

2min

20.

The Difference Between an Audited and Guaranteed Prospectus

5min

21.

Buying a Business for the First Time Buyer

2min

22.

Is There a Treasure Trove of Data Inside Eff International?

3min

23.

Do You Think the Valuation of a Business Is Realistic?

2min

24.

Do You Know What the Average Business Is?

2min

25.

How to Value a Small Business

4min

26.

Is There a Way to Get a Free Estimate for a Business?

3min

27.

Are Private Exits a Good Idea?

4min

28.

How Much Work Is Required to Hand Over the Keys?

3min

29.

How Much Do You Know About Your Buyer Success?

3min

30.

I Learned a Ton From Andrew Finn

3min

The sponsor for this week’s episode is Founders Podcast.

David Senra, the host of Founders Podcast, is a biography-reading machine. If you don’t have time to spend 40 hours reading the full-length biography of some gilded-age entrepreneur, listening to David’s high-quality recap is the next best thing.

The Founders Podcast is a paid podcast that costs $99/year or $299 for lifetime access. Subscribing gives you access to more than 200 episodes including the back catalog with episodes about Anthony Bourdain, Arnold Schwarzenegger, Elon Musk, and many more.

Visit founderspodcast.com to subscribe or listen to sample episodes.

Links:

FE International

FE International Whitepapers

Join our Fund at Rolling.Fun

Support our sponsor: founderspodcast.com

Other Episode You’ll Like:

Andrew Finn: WaitButWhy and G64 C-Founder on How to Acquire a Free Company

Codie Sanchez: Drug Cartels, Vanguard, And Goldman Sachs

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