

Ep 263 “Buying a Business the Right Way with Jed Morris
12 snips Jul 15, 2025
Jed Morris, an acquisition entrepreneur and advisor, shares his journey of buying and operating businesses. He discusses surprising challenges he faced during the transition from tech to acquisitions, including a cautionary tale of a failed deal. Jed busts myths tech professionals often believe about small business, and reveals why traditional resources may overlook crucial realities. He emphasizes the importance of cash flow management, practical experience, and building a trustworthy network for aspiring acquirers.
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People Create Business Value
- A business's value comes from people creating something together, not just revenue or assets.
- Cash matters most: without sufficient cash you go out of business quickly.
Decide Your Long-Term Base Case
- Decide the lifestyle you want before buying a business and accept that most small firms never sell.
- Be comfortable owning the business for 15–20 years as your base case.
Plan For Real-World Change Resistance
- Expect heavy resistance to digital change from customers and staff and plan change management accordingly.
- Replace or retrain people if they block essential operational shifts.