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Let’s Buy a Business

Latest episodes

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Aug 7, 2020 • 5min

Small Deals vs Big Deals

Small Deals are riskier, require all cash to buy, and take up the same amount of time as Big Deals. You can cut your teeth on small deals but they can be super hard to do.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/ 
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Aug 5, 2020 • 7min

Due Diligence - How to Reduce Costs Until You Know the Deal is Done

Ryan is in the middle of due diligence but he tells a story of one $1M company buying another $1M company and nearly going under when it doesn't go through. You need to establish what the bottlenecks and KPI's are for the deal. If those 4-5 things don't work out, then the deal is dead. DO this BEFORE you incur massive costs from attorneys and CPAs.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/ 
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Aug 3, 2020 • 6min

Stock vs Asset Purchase

First off, get a great attorney and CPA. Ryan walks through navigating a stock purchase and an asset purchase. Most businesses sub $5M will be an asset sale. In a nutshell, Asset Purchase is typically better for the buyer. Stock Purchase is typically better for the seller.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/ 
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Jul 31, 2020 • 6min

Update on My Deal #2 - Next Steps of Due Diligence / Complementary Skills with your Partner

After costs, revenue, and customers are verified, you move on to the next tier of due diligence. Ryan dives a little into his partner and his complementary skills.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 
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Jul 29, 2020 • 7min

Last Month - I almost QUIT looking for a business

Last month, I hit the DIP. I was tired and worn out trying to find a business. My wife helped me push through and realize I was in this for the long haul. Seth Godin talks about the dip when trying something new or hard. YOU have to push through as you are right next to explosive growth and results.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  The Dip by Seth Godin - https://amzn.to/39oDrP1 
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Jul 27, 2020 • 9min

Due Diligence Well

NOW time for Due Diligence. As my friend Landon Ainge said it best "Due Diligence Well". Verify everything in the past as fast as possible. THEN start predicting the future. Run lots of different scenarios and the likelihood of them happening...   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/ 
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Jul 24, 2020 • 8min

I'm Under LOI! + Find Under-Utilized Assets

My bid from 4 weeks ago was back on the table after two weeks and now I'm a week into being under LOI. We are way deep into Due Diligence. A few key takeaways....you need a network to tap into immediately in given fields and find underutilized assets within businesses.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/ 
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Jul 22, 2020 • 42min

From a $3M Acquisition to $88M Sale in 8 years - Jordan Law Interview

50 years in the Aerospace Industry: from getting nearly fired, to buying and selling companies in Aerospace. Jordan always had creative solutions and bet on himself to make things happen. He invested heavily in his employees and gave them a massive upside that led to a $3M acquisition to an $88M sale only 8 years later.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  Connect with Jordan Law jordanlaw42@gmail.com 
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Jul 20, 2020 • 29min

Cyber Security for SMB's + Secret Tunnels in Las Vegas + Niche-Based Roll Up Strategies - Interview with Rick Jordan

Rick Jordan is a cyber-security expert, small business owner, host of the podcast All-In with Rick Jordan, AND buys businesses in his space. We dive into hidden tunnels in Las Vegas, how SMB's can avoid cyber threats and his roll-up strategy for cybersecurity firms.   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  Connect with Rick Jordan Cyber Crime (Movie on Amazon) - https://amzn.to/3j4wV4n https://www.libertylockdown.com/libertylockdownteaser  http://www.rickjordan.tv/  https://www.instagram.com/mrrickjordan/ https://twitter.com/mrrickjordan https://www.facebook.com/mrrickjordan/
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Jul 17, 2020 • 18min

Darren Neilson - OrangeTheory Fitness and Franchise Interview

Darren is our attorney from the last episode who also owns an OrangeTheory Fitness franchise. He dives into franchising and what helped him launch into profitability.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  Connect with Darren Neilson Dneilson@parsonsbehle.com  Phone: 801-536-6950

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