Let’s Buy a Business

Spencer has spent 3 years looking for a company to buy. He put several LOI's out and narrowly missed a few of them. We dive into what has worked and not worked with his search.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Spencer Montgomery Twitter - https://twitter.com/montspencer?lang=en  LinkedIn - https://www.linkedin.com/in/montgomeryspencer/  montgomery.spencer72@gmail.com

I dive briefly into the numbers of an SBA loan. 40% of profit goes to debt. 60% is left to grow your business, pay yourself and pay off debt faster.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  https://forms.gle/RRcXpe3dK7pNGqv16 https://www.youtube.com/channel/UC89bz23mY5sXoYVniSpSOuw?view_as=subscriber  Twitter - https://twitter.com/RyanPaulCondie https://letsbuyabusiness.com/consulting

So, Part 2 last week was the 100th episode. Crazy. A few ways to go BUT we'll definitely be diving more into how to grow this company and then of course, more acquisitions. I have had lots of conversations around raising money from investors on a deal-by-deal basis. Let me know if that sounds interesting to you.   Thanks for following along this wonderfully, crazy journey.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  https://twitter.com/RyanPaulCondie  https://forms.gle/RRcXpe3dK7pNGqv16

In this podcast, the hosts discuss the difference between stock and asset purchases when buying a company. They also explore the challenges of obtaining an SBA loan and dealing with inefficiencies. Another topic they cover is the importance of loving the business and working with underwriters. They also talk about growth strategies, including improving key drivers, PPC optimization, SEO, and hiring experts.

We bought a business. Juicy Details. Part 1.   How I found the deal Why I liked it Could I build this in 2 years?   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  https://forms.gle/RRcXpe3dK7pNGqv16 Consulting - https://ryanpcondie.typeform.com/to/DO0J3s45

Why I’m buying a Business (and not just one) - Financial Freedom - Product Market Fit + Profit + Customers - Leverage - Accountability.   Also, I am opening up consulting. I've been doing consulting for lots of people behind the scenes but opening it up to a few more people for Nov/Dec.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  https://forms.gle/RRcXpe3dK7pNGqv16 Consulting - https://ryanpcondie.typeform.com/to/DO0J3s45

You name the price, I'll name the terms.   Sometimes you can't change the price, so change the terms instead.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  https://forms.gle/RRcXpe3dK7pNGqv16

There is a lot to unpack with Amazon FBA businesses. Ty is an amazon seller expert and has helped over 100 companies launch, grow, and expand on Amazon.   He jumps into what he would look for in an Amazon-only business.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Ty Roney https://www.linkedin.com/in/ty-roney/  troney8@gmail.com  https://www.birdcommerce.com/

People are scared of Personal Guarantees (PG). They should be. Let me explain why you are required to sign one.   Personal Guarantees are not for everyone. Neither is buying a business, BUT you're trying to jump forward 5-10 years ahead when you buy a company.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  https://forms.gle/RRcXpe3dK7pNGqv16 https://buythenbuild.com/personal-guarantee

Mini Episode - I get asked “Should I buy real estate or a business?” all the time. Of course I'm going to say “Buy a business!” But there are pros and cons to both and I dive into potential returns and risks in this mini rundown.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  https://forms.gle/RRcXpe3dK7pNGqv16 Need some help in buying a company? - https://ryanpcondie.typeform.com/to/DO0J3s45  www.letsbuyabusiness.com/consulting