Australian Investors Podcast Micro cap private companies: it’s f#%king hard (ft. Leigh Gant)
In this Australian Investors Podcast episode, your hosts Owen Rask and Leigh Gant discuss:
– How Leigh transitioned from fitness businesses to investing in private companies
– What makes a business worth buying and what can go wrong
– How Australians can get started in private market investing
– Lessons learned from his first 12 months as a business buyer
Join the conversation about private companies: https://community.rask.com.au/c/investing/buying-private-companies-is-f-ing-hard
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Topics Covered
– Leigh’s journey from gym owner to investor
– Buying a private business vs. starting from scratch
– Key lessons learned from operating a business post-acquisition
– What no one tells you about vendor financing, due diligence, and being “on the tools”
Resources for This Episode
Chapters (approximate)
(00:00) Introduction
(01:38) Getting to Know Leigh
(09:02) Leigh's Inspiration to Choose Private Markets
(13:24) Where to Start
(16:11) Range of Capital Needed to Plan The Space
(19:52) Is $100k Enough to Start?
(21:44) What Leigh Was Doing in Due Diligence Phase
(25:09) Small & Medium Business Stats
(29:08) Next Step (IM)
(31:00) Documents Leigh Looked At
(32:57) Tax Structures
(33:57) Loans
(39:27) Valuations
(42:31) How Did The Business Go?
(51:56) More Resources
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DISCLAIMER
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.
If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg
#Investing #PrivateEquity #AustralianInvestorsPodcast
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