Leadership Powered by Common Sense The Truth About Buying a Business | Ep 439
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Nov 6, 2025 Louis Kim, a seasoned entrepreneur and fund manager with over 20 years of experience in buying and operating small businesses, shares invaluable insights on the entrepreneur-by-acquisition journey. He discusses the importance of understanding industry-specific knowledge and due diligence, emphasizing emotional challenges owners face during cash-flow issues. Kim also highlights the need for aligning values and culture in acquired businesses and the significance of buyer vigilance when navigating the acquisition landscape.
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First Business Win At 21
- Louis Kim bought his first business at 21 via a franchisor who financed and subleased the location to him.
- He doubled his investment within a year and credits luck meeting preparation.
Generational Transfer Creates Massive Opportunity
- There is a once-in-a-generation transfer of wealth from boomers that creates enormous acquisition opportunity.
- That scale attracts scammers and raises risk for inexperienced buyers.
Calculate Real Financial Exposure
- Understand your true financial position and what you can afford to lose before buying a business.
- Treat leases, guarantees, and SBA leverage as real liabilities when calculating risk.
