Let’s Buy a Business

Spencer Patterson is a fantastic entrepreneur. He built a business doing $140k/month in revenue with a several million dollar exit on the back end. Podcast Nuggies: Why He didn’t hire a CEO The Time and Emotional Drag of Selling a Business Falling out of several LOIs Term sheet - his non-negotiables Sponsors: Ampleo: The Go-To Source for Financial Due Diligence  https://lp.ampleo.com/transaction-advisory Ready to level up? Join the Let’s Buy a Business Community  https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community Use Code: Founder24 for 30% forever and a free 1:1 call with me. YouTube - Need more hands-on videos?   https://www.youtube.com/@letsbuyabusiness Newsletter - Stay Up to Date  https://lbab.beehiiv.com/subscribe Connect with Spencer: SpencerPatterson.com X (formerly Twitter) https://twitter.com/SpencePatterson Youtube https://www.youtube.com/@saas

This is one of the most important episodes I've done in over 300+ episodes. I had two similar and eye-opening conversations with 2 amazing humans. Both were struggling with inadequate feelings. “I'm trying to redefine what success looks like for me and fix my self-directed, inadequate feelings." Let's dive in.   Need a beautiful and affordable website? Check out www.NativeSites.com  http://www.nativesites.com/ Ready to level up? Let’s Buy a Business Community  https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community Use Code: Founder24 for 30% forever and a free 1:1 call with me. YouTube - Need more hands-on videos?  https://www.youtube.com/@letsbuyabusiness Newsletter - Stay Up to Date  https://lbab.beehiiv.com/subscribe

Thanks for Bishop, Zach, Luke! How do I convince someone that their business is not worth some crazy multiple? How to figure out what the true motivations are for selling? What asset classes am I interested in right now?   Need a beautiful and affordable website? Check out www.NativeSites.com  Ready to level up? Join the Let’s Buy a Business Community  https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community Use Code: Founder24 for 30% forever and a free 1:1 call with me. YouTube - Need more hands-on videos?  https://www.youtube.com/@letsbuyabusiness Newsletter - Stay Up to Date  https://lbab.beehiiv.com/subscribe  

Mushfiq Sarker is amazing. He also is the founder of webacquisiton.com, thewebsiteflip.com, and many other agencies. Since 2008, 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. Mushfiq has bought over 220 businesses. Podcast Nuggies: Due Diligence on eCommerce businesses 2023/2024 Trends around SEO and Content Sites Structuring tricky deals. :) Sponsors: Need a beautiful and affordable website?Check out www.NativeSites.com Ready to level up? Let’s Buy a Business Community  https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community Use Code: Founder24 for 30% forever and a free 1:1 call with me. YouTube - Need more hands-on videos?  https://www.youtube.com/@letsbuyabusiness Newsletter - Stay Up to Date  https://lbab.beehiiv.com/subscribe Find Mushfiq: www.WebAcquisition.com for any DD help Twitter - https://twitter.com/TheWebsiteFlip Check Out Mushfiq's Other Episodes here: Jan 2023 https://ryancondie.libsyn.com/the-website-flip-with-mushfiq-sarker-buying-over-175-websites-in-10-years Nov 2021 https://ryancondie.libsyn.com/mushfiq-sarker-150-websites-acquisitions-specific-deal-dive

1. Business is Tanking....hm...is this a perfectly good business 2. Retiring 3. Health + Stress 4. Divorce - Common but not common 5. Partners Fall Out 6. Diversifying Net Worth - Risk 7. Exhaustion 8. Bored 9. Other businesses   Native Sites- Amazing Websites that convert:  https://www.nativesites.com/ Let's Buy a Business Community: https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community Stay Up to Date Newsletter:  https://lbab.beehiiv.com/subscribe YouTube: https://www.youtube.com/channel/UC89bz23mY5sXoYVniSpSOuw

Rob Green is the host of "I’m the One" podcast and has built several online businesses. He has a remote team for sourcing products and balances life as an entrepreneur, father, and husband. Podcast Nuggies: Keeping your day job as long as possible Combining learnings from other industries. Who Not How Episode Sponsored By Looking for fantastic remote workers? https://useshepherd.com/buyabusiness Call to Action Book a Call with Me https://calendly.com/ryancondie/podcast-15-minutes?month=2022-09 Let’s Buy a Business Newsletter https://www.letsbuyabusiness.co/subscribe 10 Step Video series to Finding a Company to Buy https://ryancondie.gumroad.com/l/cUAiZ Let’s Buy a Business Youtube  https://www.youtube.com/channel/UC89bz23mY5sXoYVniSpSOuw Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 How to Buy Your First Small Business through Acquisition Entrepreneurship: https://letsbuyabusiness.com/course Curated Deals and Tips Newsletter: https://lbab.beehiiv.com/subscribe Connect with Robb Green https://therobbgreenshow.com/ https://www.facebook.com/people/The-Robb-Green-Show/61550548836608/ https://www.linkedin.com/in/imtheonepodcast/ 

Patrick O'Connell has seen a few deals in his lifetime. He and his team at O'Connell Advisory Group also do buy-side consulting which is hard to find. We dive into some podcast nuggies here... 3 Tips for Searchers Why Searchers Fail Unique Ways Deals Fall Apart How to Understand the LOI process Episode Sponsored By Looking for fantastic remote workers? https://useshepherd.com/buyabusiness   Call to Action Book a Call with Me https://calendly.com/ryancondie/podcast-15-minutes?month=2022-09 Let’s Buy a Business Newsletter https://www.letsbuyabusiness.co/subscribe 10-Step Video series to Finding a Company to Buy https://ryancondie.gumroad.com/l/cUAiZ Let’s Buy a Business Youtube https://www.youtube.com/channel/UC89bz23mY5sXoYVniSpSOuw Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 How to Buy Your First Small Business through Acquisition Entrepreneurship: https://letsbuyabusiness.com/course Curated Deals and Tips Newsletter: https://lbab.beehiiv.com/subscribe Connect with Patrick O’Connell Linkedin - https://www.linkedin.com/in/patrick-o-connell-cpa-3b235177/ Site - https://oconnelladvisorygroup.com/  

Rewinding from 2022. Jason Ferguson is an incredible health insurance broker and has spent 20+ years working with entrepreneurs. This episode is for: Mainly for US listeners. He is free to use for Utah, Missouri, Texas, and Arizona. Episode Sponsored By Looking for fantastic remote workers?  https://useshepherd.com/buyabusiness Call to Action Let’s Buy a Business Newsletter https://www.letsbuyabusiness.co/subscribe  How to Buy Your First Small Business | Acquisition Entrepreneurship https://ryancondie.podia.com/how-to-buy-your-first-small-business-acquisition-entrepreneurship Let’s Buy a Business Youtube https://www.youtube.com/channel/UC89bz23mY5sXoYVniSpSOuw   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 How to Buy Your First Small Business through Acquisition Entrepreneurship: https://letsbuyabusiness.com/course Curated Deals and Tips Newsletter: https://lbab.beehiiv.com/subscribe Connect with Jason Ferguson http://www.fergusoninsurance.com/ http://www.healthcare.gov/  

If it's hard, it can be a moat. Determine... Is it a moat? or is just a crappy part of the business a deal killer? PG's are real. Personal Guarantees. How to think about them. State of the Market SBA loan rates right now.   Episode Sponsored By Looking for fantastic remote workers? https://useshepherd.com/buyabusiness   Call to Action Let’s Buy a Business Newsletter https://www.letsbuyabusiness.co/subscribe How to Buy Your First Small Business | Acquisition Entrepreneurship  https://ryancondie.podia.com/how-to-buy-your-first-small-business-acquisition-entrepreneurship Let’s Buy a Business Youtube  https://www.youtube.com/channel/UC89bz23mY5sXoYVniSpSOuw Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 How to Buy Your First Small Business through Acquisition Entrepreneurship: https://letsbuyabusiness.com/course Stay Up to Date Newsletter: https://lbab.beehiiv.com/subscribe 

Lexi Grant is a builder of companies, people, content, and of profit. Her sweet spot is the intersection of content and business. In early 2021, Lexi sold The Write Life, a brand for writers she’d grown as a side business for eight years. Previously, from 2015-2019, she served as EVP of Content at The Penny Hoarder, a personal finance media company. She joined as the third employee after the content agency was acquired. Her latest project is They Got Acquired, a content company. Their mission is to redefine startup success by sharing stories of acquisitions between $100k-$50M. It’s an amazing site, podcast, and newsletter. Highly recommend signing up now. We dive into… Her 2 Exits Why She was Acquired and What Does That Mean? They Got Acquired Newsletter and Podcast   Episode Sponsored By Looking for fantastic remote workers?  https://useshepherd.com/buyabusiness   Call to Action Let’s Buy a Business Newsletter https://www.letsbuyabusiness.co/subscribe How to Buy Your First Small Business | Acquisition Entrepreneurship https://ryancondie.podia.com/how-to-buy-your-first-small-business-acquisition-entrepreneurship Let’s Buy a Business Youtube https://www.youtube.com/channel/UC89bz23mY5sXoYVniSpSOuw   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 How to Buy Your First Small Business through Acquisition Entrepreneurship: https://letsbuyabusiness.com/course Stay Up to Date Newsletter: https://lbab.beehiiv.com/subscribe Connect with Lexi Grant https://theygotacquired.com/ https://podcasts.apple.com/us/podcast/they-got-acquired/id1612989232 https://www.linkedin.com/in/alexisgrant