Let's Buy a Business

I love Mike's story. He's been a corporate guy for years and finally found the right business and partner to go all-in on. Mike has had his ups and downs but bets on himself to acquire a business.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Mike Hansen His Company - https://www.ill...

Stephen Speer is a legend in the lending world for online businesses. He's a legend in that he understands online businesses and how to lend to them. Stephen dives into all things SBA loans. Even if you don't want an SBA loan, you won't want to miss this episode.   BTW - Stephen closes 97% of the loans he does. Insane Stat.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryanc...

Matt makes a huge switch from running restaurants and managing 150 employees to owning a 7-Figure eComm portfolio. He scales by hiring 10 VA's and making every mistake in the book.   Now Matt has a thriving eComm business and VA Agency.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Connect with M...

There are rules to buying companies yet every deal breaks 1-5 of those rules. You need to figure out what the other party wants, establish what you want and then create a new unique so every party sees more value in it.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Consulting - http://letsbuyabus...

Luke started his search by accident and asked the right questions. He dives into how he found his company, financed it, and then buttoned it up during COVID-19. Luke mentions 4 areas he'd do differently including more working capital, not being afraid to fire bad apples, trusting your gut, and building your own company and culture.   Episode Resources Connect with Ryan Condie  http://linkedin.com/...

One of the top interviews ever so far. Codie is an absolute firecracker. She knows how to do deals, identifying huge opportunities that others are missing, and just make money. She understands how the internet works + money better than 99.9% of people.   Episode Resources http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Codie Sanchez Sign up for this Newsletter ASAP...

Here are some mistakes that I've made so far.   Missing something in Due Diligence Project Management for Freelancers Not giving the right tools/expectations to freelancers   Good Things: - New partnerships - New staging environment - Wonderful partner   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv1...

2021 is the exact same as in 2020. Pick a tree (goal) to run fast towards and find a mentor. I go through a few steps on how to do it.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Darren Daily Emails - https://go.darrenhardy.com/darrendaily/ Consulting - http://letsbuyabusiness.com/consulting

Xavier Helgesen and Brent Beshore are legends in the acquisition space. They have 2 tweet storms that sum up SMB acquisitions better than anyone else. The pros and the pitfalls.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Xavier Helgesen https://twitter.com/XavierHelgesen/status/13...

After working with dozens of people so far, it's clear that anyone listening to this is after cash flowing assets. It could be businesses, real estate, digital IP, etc. There are a million different types.   Figure out what types of assets make the most sense for your ideal lifestyle and go after those.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbu...

Tyler X is a close friend of many years who has purchased 2 businesses. He just acquired a larger one just a few months ago and manages, along with a very demanding day job. Tyler loves his day job and has no desire to quit it BUT understands that financial freedom and wealth are tied to assets/equity.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuy...

Jake brings a wealth of business experience to the show. He dives into his search, what went well, and his focus on long-term business valuation. If you are searching for a business to buy, follow Jake's journey to do it.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jake Knight 6 Mo...

4 Businesses I'm looking at Right Now - I go through and identify as quickly as possible why these businesses aren't a fit for me.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 6 Months to CEO Course - https://courses.buythenbuild.com/courses/six-months-to-ceo?ref=ee4f9d   Consulting - http://let...

A lot of people wonder when and how to submit a LOI. I break down my process. It's not perfect but has worked 3 times for me. Make sure the business you are thinking about putting a LOI on is something you are stoked out of your mind about.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 6 Months t...

You don't know where your deal will come from. It's probably hidden somewhere in your...   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 6 Months to CEO Course - https://courses.buythenbuild.com/courses/six-months-to-ceo?ref=ee4f9d Consulting - http://letsbuyabusiness.com/consulting

Mailbag....should I make a bunch of money or learn a skill set to acquire a company?   203 ways to skin a cat. I go through both options but then pick a plan. AND STICK TO IT.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 6 Months to CEO Course - https://courses.buythenbuild.com/courses/six-month...

Is this a good business? I get that question a ton. It's the wrong question sometimes. Most people should be using what they bring to the table to find the right business.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 http://letsbuyabusiness.com/consulting

The World is a Growing Pie. Just because you're happy and wealthy doesn't take away from my ability to be happy and wealthy.   What works for me to maintain an Abundance Mindset:   Gratitude Taking Action   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Consulting - http://letsbuyabusiness.com/consu...

Quick episode about the transition, first few weeks, what we've learned, and who we've hired already.   Send me a message on LinkedIn if interested in LP options.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Consulting - http://letsbuyabusiness.com/consulting

2020 is about to wrap up. Get started on your plan for 2021. I love doing a Vivid Vision and going into detail. Get the momentum you need now to get started in 2021.   Trav Bell is known as the Bucket List Guy. He helps people live to the fullest. Hopefully, this episode will awaken something inside of you to take something, anything to the next level.   Episode Resources Connect with Ryan Condie ...

Turkeys get fat for 999 days and then they get chopped. Turkeys and Risk.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Consulting - https://letsbuyabusiness.com/consulting    https://seekingalpha.com/article/3694906-what-turkeys-can-teach-us-risk-management Nassim Taleb - AntiFragile - https://a...

Ashley has seen a lot of businesses and valued those businesses. She dives into what drives value, how to identify that value as a seller/buyer. You can never understand the power of "WHO, NOT HOW" when working with professionals. This is a perfect example of people trying to save a buck and lose out on massive value but not asking for professional help.   Episode Resources Connect with Ryan Condi...

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?...

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://twitte...

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 Conn...