

How James Bought 6 Cash-Flowing Small Businesses ($12,000,000 Rev) Within 12 Months w/ James Richardson
13 snips Dec 11, 2024
James Richardson, a business acquisition expert with an impressive track record, shares his journey of acquiring six cash-flowing businesses in just a year. He discusses the retirement wave of baby boomers creating unique opportunities for buyers. Richardson breaks down the importance of business valuation and strategic partnerships in making successful acquisitions. He emphasizes the need to focus on EBITDA rather than just revenue, and highlights the emotional aspects of negotiating with sellers. His insights empower first-time buyers to take proactive steps toward their entrepreneurial dreams.
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London Apartment
- James Richardson and a friend bought a two-bed apartment in London a decade ago.
- They rented out the extra space on Airbnb and shared a room to maximize income.
Try Different Asset Classes
- Don't be overwhelmed by options when choosing an asset class; try different approaches.
- Experiment with various strategies to find the best fit, like trying samples at a food court.
First Business Rules
- Don't buy businesses that are too small because it can become a job rather than an investment.
- Form partnerships, even if it means giving up equity, to gain experience and credibility.