Let’s Buy a Business

I did something stupid, and I'm going to do it again.Here is a brief story about achieving one of my massive life goals: running a 100-mile race in the mountains. 206,000 Steps 23,000 ft of elevation increase 55,000 ft of elevation change 33 Hours 6 Huge Bucks 1 Fat Porcupine 1 Angry Bull Moose 0 Barfs and...100 Miles   Want to learn more about my trail adventures? Go to Ultrasignup.com and search my name.   Free SBM Financial Courses https://letsbuyabusiness.com/courses/   Want to invest in amazing entrepreneurs with vetted deals? Send a note to Monica@letsbuyabusiness.com   Ready to level up but not 1 on 1 consulting? How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/courses/   Need Bookkeeping or Tax Help? Contact Darin at https://ashfordsky.com/. He's awesome.   Need help with IT in your SMB? Inzo Technologies offers complimentary IT audits of your business. Check out more at inzotechnologies.com or contact the owner Nick at nick@inzotechnologies.com   Get expert M&A guidance, valuations, and fractional executive support from Amplēo. Learn more at ampleo.com/lets-buy-a-business-podcast/

Darin Pierson is a CPA and an entrepreneur. He’s started businesses and even bought a business too. This is a critical episode for anyone getting real on buying / scaling a business.   Darin always created the FREE SMB Financials Class on our site.   Podcast Nuggies: Optimizing taxes versus making a business attractive for sale. Cash vs. Accrual Accounting Reconciling Book Income and Taxable Income Tax Saving Tips   Free SBM Financial Courses https://letsbuyabusiness.com/courses/   Ready to level up but not 1 on 1 consulting? How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/courses/    

Am I picking the right partner? Trust Complementary Skills Shared Goals and Lifestyle Commitment Level Assessing Risk A Few Key Questions: What do you want out of this business? What is success here? What if we have an extra $50k in profit? What would you want to do with it? MORE COMMON - What if we needed to put in extra money into the business? Can you do that? Equity split...     Free SBM Financial Courses https://letsbuyabusiness.com/courses/   Ready to level up but not 1 on 1 consulting? How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/courses/   Need Bookkeeping or Tax Help? Contact Darin at https://ashfordsky.com/. He's awesome.

Raleigh Williams is one of my favorite people. Not a stranger to the show, 2nd time at least but he always packed in so much value. He’s bought, scaled, sold so many businesses. AND my favorite part of Raleigh is him betting on himself years ago after dropping down a pretty penny on a law degree. Raleigh walked away from a huge attorney career and salary to live life on his own terms. We dive into Phantom Equity though. Podcast Nuggies   Phantom Equity! That’s it. Could be a game changer for many. Consult your attorney.   Free SBM Financial Courses https://letsbuyabusiness.com/courses/   Ready to level up but not 1 on 1 consulting? How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/courses/   Need Bookkeeping or Tax Help? Contact Darin at https://ashfordsky.com/. He's awesome.

Would you switch Warren Buffett age and net worth? 94 years old and $143B Net Worth. No. You wouldn't. So I don't wish for it to be lunchtime either.   Free SBM Financial Courses https://letsbuyabusiness.com/courses/   (ROBS) Business FinancingTenet Financial Group - www.tenetfinancialgroup.com - diane@tenetfinancialgroup.com   Ready to level up but not 1 on 1 consulting? **How to Buy Your First Small Business through Acquisition Entrepreneurship**https://letsbuyabusiness.com/courses/   Need Bookkeeping or Tax Help? Contact Darin at https://ashfordsky.com/. He's awesome.

Andrew Gazdecki is the founder and CEO of Acquire.com (used to be MicroAcquire.com) and is one of my favorite people in the M&A space. He's an incredibly successful entrepreneur and now helps facilitate buyers and sellers for smoother transactions.   Podcast Nuggies Insane growth with AI companies Helping a buyer/seller find a workaround on financing when the lender pulled out in the 11th hour. 2024 Market Conditions + 2025 Predictions!   Free SBM Financial Courses https://letsbuyabusiness.com/courses/   Ready to level up but not 1 on 1 consulting? How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/courses/   Need Bookkeeping or Tax Help? Contact Darin at https://ashfordsky.com/. He's awesome.

How do you win competitive deals? Be Human, Get Creative (not weird seller financing people), and stand out.   Free SBM Financial Courses https://letsbuyabusiness.com/courses/   Want to invest in amazing entrepreneurs with vetted deals? Send a note to monica@letsbuyabusiness.com Ready to level up but not 1 on 1 consulting? How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/courses/   Need Bookkeeping or Tax Help? Contact Darin at https://ashfordsky.com/. He's awesome.

Jared Johnson, an experienced SBA lender and business acquirer, shares his insights on the complexities of SBA lending and acquisitions. He discusses transformative changes in the industry post-pandemic and offers advice on what makes a perfect deal. Jared reveals what happens when deals fall apart at the last minute and emphasizes the importance of honesty and transparency in transactions. He also shares a fascinating example from an unconventional business model—a professional lice removal company that boasts impressive margins.

Are you bringing energy to a conversation or sucking the energy out? I have meetings with thousands of people a year. I dive into 5 ways to see if you add energy or suck energy out of every interaction. Do you only talk about yourself in conversations?  Who does the talking? Do you truly remember what was said on the other line? Do you pat yourself on the back? How often do people pick up your phone calls? TL;DR - People will stop picking up the phone if this is you.   Free SBM Financial Courses https://letsbuyabusiness.com/courses/   Want to invest in amazing entrepreneurs with vetted deals? Send a note to Monica@letsbuyabusiness.com   Ready to level up but not 1 on 1 consulting? How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/courses/   Need Bookkeeping or Tax Help? Contact Darin at https://ashfordsky.com/. He's awesome.

Spencer spent 6+ years searching for a business to buy. Life happens fast and many things paused his search over the years. Spencer is real here and we dive deep into a LONG search... A few he got serious with...  Melatonin Supplements for Kids Computer Chip Business Drive-Thru Technology   Podcast Nuggies Why his search went from a huge company to a STABLE company How to navigate life during your search How Spencer bought a 2nd business in the same niche right afterwards   Want to invest in amazing entrepreneurs with vetted deals? Send a note to Monica@letsbuyabusiness.com   Ready to level up but not 1 on 1 consulting? How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/course   Free SMB Financial Basics Course https://letsbuyabusiness.com/course   Guest Details: Spencer Montgomery LinkedIn - https://www.linkedin.com/in/montgomeryspencer/ Anderson Investigations, Inc. - https://www.andersonattorneyservices.com/