Ambitious Entrepreneur Show [Ep#394] Effective Strategies for Business Growth and Productivity
In this episode, we've got an exclusive interview with renowned expert Richard Parker, who is here to share his expertise on the ins and outs of successful business buying.
With over 100,000 copies of his program sold and a track record that includes teaching small business acquisition to industry leaders, Richard is uniquely positioned to guide you through the nuances of finding and acquiring the perfect business. He's here to shed light on the three biggest mistakes prospective business buyers make, why now may be an opportune time to buy a business, and how you can be among the 10% who successfully make a purchase.
Richard's comprehensive expertise covers various aspects, including the impact of the current business environment, the vital role of business brokers, and how to avoid making critical mistakes when buying a business.
Don't miss out on this insightful episode, filled with practical advice and valuable resources for anyone considering buying a business. Tune in now for your dose of entrepreneurial inspiration and wisdom.
Here are three reasons why you should listen to the full episode:
- Discover the three biggest mistakes prospective business buyers make
- Why NOW might be the perfect time to make your move in the business world
- How to be among the 10% who successfully buy a business
RESOURCES:
- Subscribe to my weekly newsletter – The Influence Bulletin
- The Influence Alliance — A business-building community for changemakers who want to build a sustainable and scalable business they love.
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Jump Straight to these golden nuggets:
00:00 Podcast on building business influence and success.
03:33 Business owners can expand through acquiring others.
09:16 Importance of avoiding common mistakes in business.
11:51 Embellish skills to secure desired job successfully.
15:34 Consider franchise regulations before entering a business.
20:02 Seller financing prevalent, important for closing deals.
20:57 Key points in choosing a business broker.
25:20 Understanding various business valuation components is critical.
28:57 Assess, trust, repeat: methodical approach to business.
About Richard:
Richard’s course ‘How to Buy a Good Business at A Great Price’ program has sold over 100,000 copies. He was hired by Ray Dalio to teach one of his sons the art of buying small businesses, has 200 published articles to his credit, and has appeared in Forbes, The New York Times, TheStreet.com, Entrepreneur Magazine, Inc.
You can connect with Richard through: Website | LinkedIn |Email | Instagram
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