Action Academy | Millionaire Mentorship For Your Life & Business 1.8 HOURS Of Everything I Know About Buying $1M-$3M Small Businesses (For Free)
32 snips
Jun 9, 2025 Discover the essential insights on buying small businesses priced between $1M and $3M. Learn how to shift from cash flow to long-term wealth and the importance of aligning acquisitions with personal goals. Dive into the challenges of business partnerships, and explore the impact of personality types on collaboration. Leverage AI tools for smarter acquisition assessments, and master networking strategies with brokers. Plus, uncover the crucial connection between business success and personal aspirations.
AI Snips
Chapters
Books
Transcript
Episode notes
Replace Your Job Strategically
- Replace your job by buying a business that fits your skills and lifestyle goals.
- Focus on buying good companies to make them great, not bad companies to improve.
Target Profitable Businesses
- Aim to buy businesses with $250,000 to $300,000 profit to replace a $100,000 salary.
- Look for businesses with 20-40% profit margin and avoid unrealistically high margins.
Buy With Margin for Growth
- For a $200,000 income, look for a business making around $400,000 profit.
- Ensure the business has enough margin to pay partners and managers to avoid burnout.
