Let’s Buy a Business

Joe is in the thick of the search. He’s had an amazing corporate career so far and looking to make a switch. We dive into where he’s at, what he’s struggling with and how to tap into your network. Diving into what is your ideal acquisition and where you want to be in 5, 10, 20 years is key. You can look at a lot of companies that can run into never making a decision. Secret Tip: There is a deal waiting for you on your phone right now. May not be the right one for you, but there is at least one deal ready. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://twitter.com/RyanPaulCondie https://microacquire.com/ Connect with Joe Quinn LinkedIn - https://www.linkedin.com/in/joe6quinn/ joe6quinn@gmail.com 

Joel (seller) and Tyler (buyer) are on the podcast at the same time. Joel and his partner built Copper Pearl and then sold it to Tyler who has continued the legacy. Joel sold a perfectly good business that was exploding in growth while Tyler moved his family across the states and took on a huge personal guarantee. We dive into trust and how the buyer/seller relationship is not a one-time transaction. You can’t replace rapport and trust in any transaction. Episode Resources www.copperpearl.com Additional Businesses Mentioned: https://maventhread.com/ https://wovennook.com/ Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://twitter.com/RyanPaulCondie https://microacquire.com/ Connect with Tyler Hillstead tyler@copperpearl.com https://www.linkedin.com/in/tyler-hillstead-891148b/ Connect with Joel Reichert Joel.reichert5@gmail.com https://www.linkedin.com/in/joel-reichert-90020526/ 

Quick Podcast update! New Sponsors are on board! Spencer Peterson and I give feedback and advice from what we've learned in our acquisition so far, being understanding as partners and how to take things to the next level. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Check out our Sponsor at https://microacquire.com/ Ryan Twitter - https://twitter.com/RyanPaulCondie 

Ray Drew is an SBA expert at Fund-Ex Solutions Group with over 10+ years in SBA lending. His company is not a bank but a SBA lender, one of 14 non-bank SBA lenders in the country. We dive into multiple deals, how they are structured and how to stand out from the crowd right now. There are lots of incentives for SBA loans right now including 3-month loan payments (up to $9k per month) and waiving the SBA fee (2.5-3.5%).   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Today's Sponsor - http://mircoacquire.com/ Connect with Ray Drew rdrew@fundexsolutions.com LI - https://www.linkedin.com/in/raydrew4589/ The Art of SBA - ‎The Art of SBA Lending on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-art-of-sba-lending/id1485109358 

Jesse is so entertaining and packs a great value punch. He has seen it all - VC, PE, SMB financing, brokering. Jesse always has a unique take on things and kicks excuses in the face. Jesse breaks down how to raise money from the right investors. There will definitely be a Round 2 coming up....and Round 3 with Jesse. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jesse Randall Sweater Ventures - https://www.sweaterventures.com/ Jesse on LinkedIn - https://www.linkedin.com/in/deviantstrat/ MicroAcquire - https://microacquire.com/ jkr@sweaterventures.com 

I dive into 2 listings that catch my eye. I realized fast that these were not the best fit for me, I unpack why and how I'd grow them. https://www.alpinebusinessbrokers.com/online-drop-shipping-business/ https://feinternational.com/buy-a-website/30828-e-commerce-yacht-marine-luxury-lighting-products-17m-gross-yr Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Deal Flow Newsletter - http://letsbuyabusiness.com/newsletter https://twitter.com/ryanpaulcondie 

Blake is the CEO of Flippa.com, the #1 marketplace to buy and sell digital assets. Flippa has the most buyers, the most sellers, and the most transactions around. My favorite topic was when he talked about “Owning Your Future”. Make decisions for yourself. We dive into asset classes, life-changing businesses, and how to take advantage of the digital real estate world. Episode Resources https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Blake Hutchison Linkedin - https://www.linkedin.com/in/blakehutchison/ https://flippa.com/ The daily - https://flippa.com/lp/the-daily-email/ blake@flippa.com 

Shaylan Hurley texted me and said, “I just quit my job and bought 2 companies”…that will get your attention. We dive into mentors, finding deals, structuring deals, and how to stand out. Shaylan is also very good at attacking his fear with full force. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Deal Flow Newsletter - http://letsbuyabusiness.com/newsletter Ryan's Twitter - https://twitter.com/ryanpaulcondie Connect with Shaylan Hurley LinkedIn - https://www.linkedin.com/in/shaylan-hurley-064b52a5/ Shaylan Hurley - shaylan@vesselsinvesting.com

Chris Younger from Class VI Investments has been a lawyer, 'deal guy', President, GM, Buyer, and Seller. He's done it all from all sides of the table. Some were home runs. Some were duds. Some were just ok. If the key person led sales, operations or was critical to the business, it was incredibly tough to post-closing. Every business needs a #2 to step up. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Chris Younger https://www.classvipartners.com/ Chris Younger - chris@classvipartners.com Harvest: The Definitive Guide to Selling Your Company - https://amzn.to/2YZMEZr 

Mushfiq has done what most people aspire to and has done it on the side. He's bought, built, and sold over 100+ sites. Mushfiq is the Founder of thewebsiteflip.com. He’s been buying, growing, and selling sites as a side-business with many 6-figure exits. He is a Super Seller on Flippa’s platform. Hires a team, has a day job, crushes life.   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Ryan's Twitter - https://twitter.com/ryanpaulcondie Deal Flow Newsletter - http://letsbuyabusiness.com/newsletter Connect with Mushfiq - mushfiq@thewebsiteflip.com The Website Flip Twitter - https://twitter.com/TheWebsiteFlip https://thewebsiteflip.com/