Let’s Buy a Business

Sam Whitney was on the podcast in January and had such a cool entrepreneurial journey. He’s selling his company so we do a short episode on what he has learned about taking his company and putting it up on the market. The good. The bad. The ugly. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsors: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle market companies. www.liveoakbank.com Kyberlight Listing - https://quietlight.com/listings/10676358/ https://quietlight.com Sam Whitney - whitney.sam@gmail.com Stay Up to Date Newsletter: http://letsbuyabusiness.com/newsletter 10 Step Video series to Finding a Company to Buy - https://gum.co/cUAiZ Jen’s Twitter - https://twitter.com/Anderjen Ryan Twitter - https://twitter.com/RyanPaulCondie 

Josh Kim bought 3 businesses by age 20. That’s nuts. He graduated high school at 16 and went straight to college. Josh bought home health and hospice companies and then started to grow through acquisition. We dive into… — How he thought about buying a company — How to win deals — Why he decided to sell What I love about Josh is that he moves fast and knows he can accomplish anything regardless of previous experience or anything. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle market companies. www.liveoakbank.com Josh Kim - Josh on Linkedin - https://www.linkedin.com/in/joshuaekim/ 7accelerator | Joshua Kim | SBA Loan - josh@7accelator.com Survey - http://letsbuyabusiness.com/survey Stay Up to Date Newsletter: https://letsbuyabusiness.us2.list-manage.com/subscribe?u=b401f6e90528a19faa7b37e87&id=d06532f46c 10 Step Video series to Finding a Company to Buy - https://gumroad.com/l/cUAiZ Jen’s Twitter - https://twitter.com/Anderjen Ryan Twitter - https://twitter.com/RyanPaulCondie

Luke Hohmann started a business because of a war. He focused his company building on customers first and let the chips and revenue solve problems. We dive into… How to build a business to sell Shifting from consulting to building How to build a company of revenue rather than VC/Angel Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsors: https://acquisitionlab.com/  - The first do-it-with-you advisory service that is designed to accelerate your business acquisition search. www.liveoakbank.com  - Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. Survey - http://letsbuyabusiness.com/survey Stay Up to Date Newsletter: https://letsbuyabusiness.us2.list-manage.com/subscribe?u=b401f6e90528a19faa7b37e87&id=d06532f46c 10 Step Video series to Finding a Company to Buy - https://gumroad.com/l/cUAiZ Jen’s Twitter - https://twitter.com/Anderjen Ryan Twitter - https://twitter.com/RyanPaulCondie Connect with Luke Hohmann luke.hohmann@firstroot.co https://firstroot.co/  - Kids Financial Literacy LinkedIn - https://www.linkedin.com/in/lukehohmann/ 

I dive into the 4 types of luck, 100% accountability, and how luck has played a role with 2 big successes of mine. Moving into an apartment in college and starting this podcast. Blind luck Luck from hustling Luck from preparation Luck from your unique character Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsors: https://www.liveoakbank.com/ https://acquisitionlab.com/ Survey - http://letsbuyabusiness.com/survey Stay Up to Date Newsletter: https://letsbuyabusiness.us2.list-manage.com/subscribe?u=b401f6e90528a19faa7b37e87&id=d06532f46c 10 Step Video series to Finding a Company to Buy - https://gumroad.com/l/cUAiZ Naval - Luck - https://nav.al/money-luck Naval Twitter - https://twitter.com/naval Jen’s Twitter - https://twitter.com/Anderjen Ryan Twitter - https://twitter.com/RyanPaulCondie 

Jacob Erdei has done it all in the online business space. In his words, he hit a lot of singles and it turned out well. Jacob is in the middle of creating a 3PL which is so rad. We dive into… Carpet Cleaning to Computer Repair Entrepreneur What needed to happen to quit his day job How a career of singles can be pretty awesome Mistakes along the way Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://acquisitionlab.com/ www.liveoakbank.com LinkedIn - https://www.linkedin.com/in/jerdei/ Survey - http://letsbuyabusiness.com/survey Stay Up to Date Newsletter: http://letsbuyabusiness.com/newsletter 10 Step Video series to Finding a Company to Buy - https://gumroad.com/l/cUAiZ Jen’s Twitter - https://twitter.com/Anderjen Ryan Twitter - https://twitter.com/RyanPaulCondie Jacob Erdei - jerdei@brainboxcomputers.com 

Simon Stock is one of the best follows on Twitter based on his stock analysis, inflation breakdowns, and how the economy works. He took his business profits and invested them in the stock market for passive income through dividends. We dive into... -- How he built his business and then sold it -- 2 types of Inflation - 1. Demand-Pull Inflation and 2. Cost-Push Inflation. -- FED and Unemployment Numbers -- What stocks he likes (none haha) -- How to protect yourself against inflation. PRODUCTIVE ASSETS. EQUITY. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://www.liveoakbank.com/ https://acquisitionlab.com/ Survey - http://letsbuyabusiness.com/survey Stay Up to Date Newsletter: http://letsbuyabusiness.com/newsletter Jen’s Twitter - https://twitter.com/Anderjen Ryan Twitter - https://twitter.com/RyanPaulCondie 10 Step Video series to Finding a Company to Buy - https://gumroad.com/l/cUAiZ Warren Buffet - Letters to Shareholders - https://www.berkshirehathaway.com/letters/letters.html Simon Twitter - https://twitter.com/ssstock Simon Stock - sstock0@gmail.com 

How to find a business partner...I breakdown the good, the bad, the ugly in working with partners. I dive into... - Network is crazy. - Everyone knows what you're doing... - Align Vision / Goals - Complementary Skills - Handling Disagreements - Work Together Before Partnering - Partnership Operating Agreement - Be the partner you want to be Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://www.liveoakbank.com/ https://acquisitionlab.com/ Survey - http://letsbuyabusiness.com/survey Stay Up to Date Newsletter: http://letsbuyabusiness.com/newsletter Jen’s Twitter - https://twitter.com/Anderjen Ryan Twitter - https://twitter.com/RyanPaulCondie 10 Step Video series to Finding a Company to Buy - https://gumroad.com/l/cUAiZ Operating Agreement Example - https://docs.google.com/document/d/1bdldRFc1BIp_-ll4er35_x1ENerZDbWQlE-IcLnS-k0/edit 

John bought his family’s plumbing company and has since bought 5 other companies which led to over 900% revenue growth. We dive into: — Buying a Family Business + Valuations — Doubling his business overnight through Acquisitions — How to scale past $3M with Systems You’re going to want to follow John on Twitter and the inter webs. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://www.liveoakbank.com/ https://acquisitionlab.com/ Host: Owned and Operated podcast - https://www.ownedoperated.com/ John Twitter - https://twitter.com/WilsonCompanies John’s Companies - https://www.thewilsoncomp.com/ Survey - http://letsbuyabusiness.com/survey Stay Up to Date Newsletter: http://letsbuyabusiness.com/newsletter Jen’s Twitter - https://twitter.com/Anderjen Ryan Twitter - https://twitter.com/RyanPaulCondie John Wilson - john@thewilsoncomp.com 

Lisa Forrest has been doing SBA loans for decades. She has seen it all. Lisa is hyper-focused on this searcher community and specializes in getting deals done with searchers, which is you. That's why you are listening. We dive into… -- Self Funded vs. Traditional Search -- Deal structures for deals between $1M to $12M -- Real Life Structures -- How best to work with lenders And many more. Lisa is also so full of awesome energy. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://twitter.com/RyanPaulCondie Schedule a call with LISA FORREST - https://outlook.office365.com/owa/calendar/LiveOakBankingCompanyLisaForrestSponsorFinance@lob3.onmicrosoft.com/bookings/ Self Funded Searcher Lender Office Hours Call, Every Wednesday morning Register here: https://liveoakbank.zoom.us/meeting/register/tJIsdumtqjIvHNUBSYO6eFSGQfO-rHqsrZuG Self Funded cashflow model & investment memo training, Every Thursday Morning Register here: https://liveoakbank.zoom.us/meeting/register/tJErc-mrrzgjHdzPRnGTfWHMsSPX0gavpcE6 SBA / Conventional Debt Structures Kellogg ETA Conference 2021 - https://www.youtube.com/watch?v=f6L02UTbU30&feature=youtu.be Survey - http://letsbuyabusiness.com/survey Stay Up to Date Newsletter: http://letsbuyabusiness.com/newsletter https://twitter.com/Anderjen Lisa Forrest - Lisa.forrest@liveoak.bank 

Freddy scaled his commerce brand to 7 figures while living abroad in Mexico City. He then sold it to focus on building/acquiring his next business. We dive into: Building a network around you with like-minded people Putting yourself in uncomfortable situations for growth Finding your own path Freddy is super cool and can be found at pointspanda.com. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Find Freddy Here https://pointspanda.com/ Freddy@pointspanda.com