Let's Buy a Business

Part 2 of this amazing experience!   Structure of Our Deal SBA Loan Process (this sucked) Our Deal Due Diligence Growth Strategies   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Consulting - https://ryanpcondie.typeform.com/to/DO0J3s45 https://www.rentlingo.com/

We bought a business. Juicy Details. Part 1.   How I found the deal Why I liked it Could I build this in 2 years?   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Consulting - https://ryanpcondie.typeform.com/to/DO0J3s45

Why I'm buying a Business (and not just one) - Financial Freedom - Product Market Fit + Profit + Customers - Leverage - Accountability.   Also, I am opening up consulting. I've been doing consulting for lots of people behind the scenes but opening it up to a few more people for Nov/Dec.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/  ...

You name the price, I'll name the terms.   Sometimes you can't change the price, so change the terms instead.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16

There is a lot to unpack with Amazon FBA businesses. Ty is an amazon seller expert and has helped over 100 companies launch, grow, and expand on Amazon.   He jumps into what he would look for in an Amazon-only business.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Ty Roney https://w...

People are scared of Personal Guarantees (PG). They should be. Let me explain why you are required to sign one.   Personal Guarantees are not for everyone. Neither is buying a business, BUT you're trying to jump forward 5-10 years ahead when you buy a company.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3d...

Mini Episode - I get asked "Should I buy real estate or a business?" all the time. Of course I'm going to say "Buy a business!" But there are pros and cons to both and I dive into potential returns and risks in this mini rundown.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Need some help in buy...

Jed has an incredible skillset in terms of branching automation and development. He has built some great businesses off automation and algorithms. For example, he built a platform that spits out custom data based off of 100's of custom Google Docs.   He also built and sold his web app years ago to a competitor he met at a trade show. Sweet interview.   Episode Resources Connect with Ryan Condie  h...

We dive into how to use your existing 401k to invest or buy a business or real estate. Fascinating topic that is incredibly complex. Frank shoots you straight here.   This is known as ROBS or Rollover as Business Start-ups.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Frank Selden f...

4 pretty solid Online Business Listings I'm looking at right now. https://www.quietlightbrokerage.com/ and https://feinternational.com/     Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16

I get asked a lot about losing money in buying a business. It's never the goal and never a way to approach anything. Each opportunity is unique and here are a few things to think about to hedge your bets.   Do a deep reflection on the following points.   Risk Tolerance Size of Deal Your Current Skill Sets   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://lets...

Spencer and I dive into why it's so hard to measure yourself as an entrepreneur and business owner. Spencer is brilliant (that's why he's my partner, no idea why he's partnering with me) and sheds some great light on how to measure yourself and not 'compete' with someone running a different race.   You take outsized risks (not getting a normal job) with the hope of the payout being 10-1000x more t...

Brett is the host of the podcast "Capital Gains Tax Solutions" and dives into Deferred Sales Tax Trusts. Basically, he explains how you save a ton on taxes when selling assets such as businesses or real estate.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Brett Swarts www. CapitalGa...

I dive into 3 local businesses for sale: a Woodworking shop for commercial clients, Home Hospice, and a Gas Station.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 https://www.thefirmadv.com/listing?id=14911 https://bit.ly/3iYrZwF

Nikora Anderson wanted to expand so he looked at 10 companies that were in a similar space locally as him. He reached out to 2 of them, both of them said they were open to connecting about selling their business. Nikora drops some great knowledge on how to approach current owners on buying their businesses.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://le...

I look at 5 businesses for sale. There are some gems in here. 3 of the 5 are pretty solid businesses.   **I found these by just googling "business brokers in San Diego".   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16

I talk a lot about Walker Deibel, his book, his courses. Now we have him live. Walker is a phenomenal entrepreneur and seen incredible success through his acquisitions. He also sees 100's of businesses as a lead broker for QuietLight Brokerage. Walker talks about how to stand out as a buyer, why personal guarantees are required, and how to make sure you aren't missing any pieces to the puzzle when...

Take what works in other industries and apply it to a new industry. Here is how I took what worked in Software Sales and applied it to Candy, the most archaic industry around. (Alright that's debatable but it's definitely in the top 5).   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 https://www.bl...

Jaryd Krause is a rockstar. From a plumber to a surfer and scuba instructor around the world to buy online companies. Jaryd drops some incredible knowledge and has walked the walk when it comes to acquiring online businesses. Enjoy.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jaryd...

It's really common to debate whether to put your money into buying a business or buying multi-family real estate. Similar structures and similar leverage. Anthony is an expert here and dives into how to find your first property and whether it's right for you.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   https://forms.gle/RRcXpe3dK...

Jennifer Anderson is a listener of the podcast. She's super cool and has a traditional career but on the other side has bought, built, and now SOLD an online business. Jennifer packs in the value and gold nuggets in this short episode.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   Connect with Jennifer Anderson anderjen@umich.edu h...

This podcast has been a blast. Help me make it better. Fill out this 4-5 question survey for submitting topics, guests, how can I improve it, ETC!   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16

How to generate more ideas and be more creative, how to formulate your own opinions, and solidify your own thinking.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/

My business partner, Spencer Peterson, joined for the first time! He's a rockstar and you'll see why it's good to surround yourself with smarter people than yourself.   We focus on LITT. Learn. Ideate. Test. Train. Spencer has unique ways to train and onboard employees to get out of the tasks that plague entrepreneurs.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie...

Casey walks us through how he found his local business, structuring the deal and taking over from day 1. This is an incredible interview where he bet on himself with a great business even amidst the worst recession in history.   Episode Resources Connect with Ryan Condie  http://linkedin.com/in/ryancondie   http://letsbuyabusiness.com/   Connect with Casey Johnson https://www.linkedin.com/in/casey...