Let's Buy a Business Part 1 - How to Buy Your First Business Series
Aug 29, 2025
Discover the ins and outs of buying a business, from the benefits of acquisition to dispelling common myths. Hear about the host's personal journey from sales to successful entrepreneurship and learn why acquiring an existing business can be more advantageous than starting from scratch. Explore the equity multiplier effect, financing options, and the importance of finding a business that resonates with your strengths. Plus, consider the risks involved and what it truly means to pursue this entrepreneurial path.
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Bought A Wallet Company And Saw Sales Immediately
- Ryan bought a wallet company and saw immediate sales the next day, which surprised him.
- He loved that he didn't need to learn manufacturing or sewing because the business was already set up.
Candy Manufacturing Taught Hard Lessons
- Ryan helped run a candy manufacturing business with about 80 employees that scaled into major retailers.
- The experience taught him valuable lessons about what he didn't want and the complexity of large operations.
Buyers Skip The Startup Death Trap
- Buying a business buys a proven track record and can skip the startup death trap.
- You face different risks than starting, but demand validation already exists for the product or service.