In this episode Neel and David talk about how to get started in acquiring a remote local business.
While it can feel intimidating to get into the world of "buying a business" the reality is that like anything else, it's a learning curve but isn't nearly as complicated as it looks like from the outside. One of the things David, who has gone through 16 acquisitions at the time of this recording, stresses is the importance of the "investor" mindset when looking at businesses.
They also discuss:
- Tactics for finding businesses, from BizBuySell to business brokers to FB groups to Twitter
- How to use your LinkedIn profile to signal you are on the lookout for deals
- Using a VA to create a crib sheet in a geographic area for a particular type of business acquisition
- The importance of creating deal flow so you can afford to be selective
Enjoy the episode!
The Freedom Formula Podcast: Achieving Financial, Location and Time Freedom