Let’s Buy a Business

$500 for one night of entertainment? $50 to watch a Netflix Show? $10 for GPS in New Zealand? What do these all have in common?     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

We dive into a real business for sale and walk through how to structure and think about the LOI here. We also dive into a bunch of common questions to ask.   Secure your spot in The Self-Funded Search Conference: selffundedsearchconference.com   YouTube - Need more hands-on videos?   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   Guest Name: Patrick O'Connell   Guest Email patrick@oconnelladvisorygroup.com Linkedin - https://www.linkedin.com/in/patrick-o-connell-cpa-3b235177/ Site - https://oconnelladvisorygroup.com/

Taylor Brown is one of my favorite people. By the way, I only have my favorite people on the show. This episode has it all. One of my favorites. It will hit home.   Podcast Nuggies: Pivot Moments in Life and Career What betting himself did with his family Not Quitting your job Getting started with ideas around you   Secure your spot at The Self-Funded Search Conference: selffundedsearchconference.com   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

Stephen Speer is the founder and CEO of Ecommerce Lending, which specializes in SBA loans. He’s done over 500 transactions, with only 3 deals failing after purchase. Podcast Nuggies + Seller Mistakes: Bad Financial bookkeeping Co-mingling of assets No diversification + Pari Passu Financing   Secure your spot at The Self-Funded Search Conference: selffundedsearchconference.com   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   Previous Show - https://podcasts.apple.com/bh/podcast/alternative-lending-options-for-%245-%2420m-businesses/id1506985601?i=1000563971164   Connect with Stephen Speer - https://ecommercelending.com/

Why do brokers reject most of the businesses they see? AND, what is happening in the economy??   Secure your spot at The Self-Funded Search Conference: selffundedsearchconference.com   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

Behdad Jamshidi has met with over 800 agencies. That's insane. Behdad has a wealth of knowledge in business and lifestyle design. We dive into different agency business models and how to pick the right agency. He pairs entrepreneurs and businesses with the right agency. Cool business model.Podcast Nuggies: How to hire an agency. How to make an agency partnership successful. Owners not owning the process. Lifestyle design.   Ampleo: The Go-To Source for Financial Due Diligence https://lp.ampleo.com/transaction-advisory   Want to invest in amazing entrepreneurs with vetted deals? Send a note to monica@letsbuyabusiness.com or r@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

Risks = They sleep well at night. No Debt = Walk away option Cost Basis...   Secure your spot at The Self-Funded Search Conference: selffundedsearchconference.com Want to invest in amazing entrepreneurs with vetted deals? Send a note to monica@letsbuyabusiness.com of r@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

James Lincoln, a BYU MBA student and organizer of the BYU ETA event, shares his insights on entrepreneurship through acquisition. He discusses the vibrant gathering of over 200 attendees, blending students and seasoned professionals. James highlights innovative funding strategies for aspiring buyers and the growth of self-funded searches in business acquisitions. He also reflects on the unique challenges and triumphs from his entrepreneurial journey, including his development of a digital marketing agency, providing listeners with inspiration and practical advice.

Patrick breaks down Net Working Capital into digestible bites. Working Capital is incredibly confusing and usually makes deals fall apart in the 11th hour.   Podcast Nuggies: WALK THE MONEY Understanding the Collection of AR + Days to pay vendors Ask the Experts Ampleo: The Go-To Source for Financial Due Diligence https://lp.ampleo.com/transaction-advisory   Want to invest in amazing entrepreneurs with vetted deals? Send a note to monica@letsbuyabusiness.com or r@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

Jordan Hammond, a dynamic entrepreneur who turned early setbacks into stepping stones, shares his journey of scaling a startup to $15 million in revenue while completing two acquisitions. He discusses the power of collaboration, especially with competitors, to overcome challenges. The importance of a skilled CFO and networking in strategic growth are also highlighted. Jordan reveals his insights into navigating cash flow issues and his plans for future acquisitions, showcasing how creativity can drive revenue, even in uncertain times.