Entrepreneur Stories 4⃣ Inspiration 261: Buying a Business at a Great Price! Over 30 Years of Biz Buying & Selling - Richard Parker of Diomo Corporation.
Jan 1, 2024
Richard Parker, founder of Diomo Corporation and author of the "How To Buy A Good Business At A Great Price" series, shares his vast expertise in buying and selling businesses. He discusses the importance of realistic expectations in acquisitions and the complexities of enhancing sale value. Parker emphasizes the need for critical thinking and adaptive strategies in entrepreneurship, while also providing insights into his journey from hard work to achieving work-life balance. He reveals exciting franchise opportunities for 2024, encouraging aspiring business owners to seize emerging options.
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Ignore 'No Money Down' Promises
- Avoid ads promising no-money-down deals and instant high cashflow.
- Trust such claims rarely hold and you'll waste years chasing impossible deals.
Built A Buyer-Education Company
- Richard built Diomo and RichardParker.com to teach buyers how to acquire businesses.
- He paired publishing with M&A advisory so buyer education and transactions feed each other.
Lower-Market Investment Banking Works
- Richard positions himself as an investment banker for the lower market, not a Main Street broker.
- He syndicates financing and brings multiple parties to structure complex small deals.
