Millionaire University The Business of Buying Businesses With Jaryd Krause (MU Classic)
May 9, 2025
Jaryd Krause, a former plumber from Australia turned successful online entrepreneur, shares his transformative journey. He discusses the art of buying and growing online businesses, emphasizing due diligence as a key to success. Jaryd highlights diverse business models, from blogs to SaaS, and the motivations behind selling profitable ventures. He stresses the importance of mindset in overcoming fears in the entrepreneurial landscape and warns against unrealistic expectations fueled by social media, offering invaluable insights for aspiring online business owners.
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From Plumber to Online Entrepreneur
- Jaryd Krause transitioned from being a plumber to buying online businesses after initial failed ventures.
- He found success buying his third online business, enabling him to travel and work less while teaching others.
Due Diligence: Prove Bad Investment
- Focus on proving a business is a bad investment rather than proving it's a good one.
- Conduct thorough due diligence using a structured framework before buying online businesses.
Run Businesses Without Prior Skills
- You can buy and run online businesses with zero prior skills by hiring help and learning from multiple business examples.
- Buyers typically receive a training period from sellers to ensure a smooth ownership transition.