

10 Steps To Buying Your First Small Business
24 snips Nov 30, 2023
Learn the 10-step process for buying your first small business and the importance of cash flow. Explore the challenges of competing against strategic buyers in the private equity world. Discover strategies for taking over a business and implementing gradual changes. Understand the significance of analyzing DSCR and conducting a site visit. Learn about the diligence process and post-purchase strategy for buying a small business. Find out how building skills and overcoming fear can lead to success in business acquisition.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Introduction
00:00 • 2min
The Skillset of Buying Businesses
02:28 • 21min
Taking Over a Business and Implementing Changes
23:09 • 2min
Analyzing DSCR and Conducting a Site Visit
25:26 • 6min
Importance of Diligence and Post-Purchase Strategy for Buying a Small Business
31:34 • 3min
Building Skills and Overcoming Fear for Successful Business Acquisition
35:01 • 4min