Let’s Buy a Business

How I wasted 2 months at the beginning of my search for a company. I didn't ask the right questions or tough questions to realize that it wasn't a software company. Avoid losing months of time to figure out which are the toughest questions to ask upfront. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/ 

Spending your whole day finding a business to buy is boring sometimes, full of networking and intros, lonely and weird that you are super busy but don't ship/sell/create anything. All short-term pains for a massive long-term plan.   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/ 

Ryan had a great conversation with Scott Sorensen who is also looking for a business to buy as they discussed buying vs building. If you find a business that you can start with less money and get to that same spot in less time, that business probably doesn't have the best defensible moat. There are other benefits...   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/ 

Buyers wonder how much information they should get before making an offer and going under LOI for a business. Trust everything before LOI, Verify everything once under LOI.   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/ 

Glenn has built, bought, and sold several businesses and now advises owners on exits. He has built so many profitable businesses while having multiple successful exits. Glenn has also bought several businesses and seen 100's of business transactions. The gold nuggets he drops are incredible in this short interview.   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  Connect with Glenn Molin gmolin18@gmail.com  Thou Shall Prosper - https://amzn.to/2YZmh75  http://harvestbusiness.com/

This is the second part of the interview that Ryan had with Jared Zemp. Jared bought 18 businesses in a very short time period. He talks about his highs and lows while creating a fund to buy and operate small businesses. Jared has some crazy acquisition stories: such as 30% of his revenue from a furniture store he bought was actually a prostitution ring. He drops some tips here if you want to buy businesses.   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  Connect with Jared Zemp jzemp@crowchild.com  https://www.crowchild.com/micro

Jared bought 18 businesses in a very short time period. He talks about his highs and lows while creating a fund to buy and operate small businesses. Jared has some crazy acquisition stories: such as 30% of his revenue from a furniture store he bought that was actually a prostitution ring.    Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  Connect with Jared Zemp jzemp@crowchild.com  https://www.crowchild.com/micro

Ryan dives into what he does daily, and the biggest time-wasting traps that searchers fall into. Avoid these like the plague so you don't fall into the 90% failure rate of most searchers.   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  How to Read a Financial Report: Wringing Vital Signs Out of the Numbers - https://amzn.to/3fIih0P 

The most constant question Ryan is getting right now is “What type of business should I buy?” Most people never buy a business because they're looking at the wrong business for them. You need to figure out what your skill sets and experience are matched with your desired lifestyle combined with what problems you want to solve.   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/ 

Ryan interviews Garry McIntosh from Operation Underground Railroad who is the Director of Donations. Operation Underground Railroad's mission is to rescue children and women from human trafficking. They dive into how raising money for a nonprofit is similar to raising money in the markets and how you can have a bigger world mission with the company you actually purchase.   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie  http://letsbuyabusiness.com/  Connect with Garry McIntosh https://ourrescue.org/ https://www.amazon.com/Operation-Toussaint-Tim-Ballard/dp/B07M62QTS3