Episodes

189
Sept. 14, 2021

Steve Ressler - Investing in Over 25 Search Fund Deals

Steve has invested in over 25 different search fund deals. That’s a lot. He’s also got an incredibly successful entrepreneurial background with multiple exits. We dive into… - Different Types of Search Funds with Pros / Cons - How Investors evaluate deals - Expected Returns for Searchers and Investors Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsor: Live Oak Bank is a seasoned SMB lender pro...
188
Sept. 9, 2021

Cameron Jarman and Sean Huntington Sell Their eCom Business After 5 Years

Cam and Sean sold their eCom business in May 2021 after 5 years. We dive into… - Why sell their perfectly good business - The selling process - What they learned about their business from selling Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Cameron and Sean https://www.linkedin.com/in/cameronjarman/ https://www.linkedin.com/in/seanhuntington/ https://twitter.com/cameronjarman09 https...
187
Sept. 7, 2021

3 Business Listings I'm Looking at Right Now

2 Offline, 1 Online Business Listings I'm Looking at Right Now 1. 2. 3. Episode Resources Connect with Ryan Condie
186
Sept. 2, 2021

From Searcher to CEO with Lisa Forrest

Lisa is back with over 30 years of SBA lending experience. We dive into the From Searcher to CEO doc that Live Oak Bank just published. It’s Part 1 but here are a few key points. — Key dependencies that are often overlooked in SMB — Where searchers mess up with working capital Episode Resources Searcher to CEO Guide Self Funded Searcher Lender Office Hours Call, Every Wednesday morning: Register here. Self Funded cashflow model & investment memo training, Every Thursday Morning: Register here...
185
Aug. 24, 2021

5 Things I learned as a Broker to Stand Out as a Buyer

This is a podcast about buying business. I dive into how to stand out as a buyer to a broker. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com Lisa Forrest - Lisa.forrest@liveoa...
184
Aug. 19, 2021

Jesse Safir Buys a Business and It Wasn't All Rainbows and Glory

Jesse Safir throws down nuggets of gold here. This is a fun convo with someone who bought a business and doesn’t paint the rosy picture. We dive into… - The issues with small businesses - Acquiring 9 months before COVID - Endless pivots to save his business over the past 2 years Check out ABGPrint.com for any of your printing needs. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Jesse - ABGPrint.co...
183
Aug. 17, 2021

Sam Bass - Intersection of Operators and Capital - ChiefOperators.io

Sam started a business and then needed an operator as he realized that was not his skill set or his passion. Intersection of operators and capital Deal structures Why buy communities Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to a...
182
Aug. 12, 2021

John Hammond Bought a Business While Working Full Time

John recently bought a micro SaaS company while keeping his day job. We dive into… His criteria for searching Lessons learned on this first acquisition What he’s targeting right now. John is a great follow on Twitter. Check him out below. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with John Hammond Twitter - @johnhammond33 - https://twitter.com/johnhammond33 John's Company - atomicso...
181
July 22, 2021

How to Buy a Shopify App with Henry Johnson

Henry Johnson bought a Shopify app. Henry is a consummate learner. He has a background in technology sales and is the owner of multiple businesses. Most recently he purchased a Shopify app called PushLast. I’ve used Shopify for years but never jumped into the app side of things. It’s an interesting play for anyone who wants to buy something on the smaller side and not have to go all in. Dive into… - How to find apps for sale - Structure - What didn’t work AND… - Why is he buying another one? ...
180
July 20, 2021

How Does Disney Own ~40% of Hollywood?...Acquisitions.

Disney owns 13 of the top 20 highest-grossing films of all time. They own a huge chunk of TV. Disney did not start those from scratch. They bought them. I do a quick dive into some corporate buying sprees from Disney but every company you've ever heard of (aka large companies) made a bunch of acquisitions to get there. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsor: Live Oak Bank is a season...
179
July 8, 2021

Why SMB's Are Barely Away From Falling Off a Cliff - David C Barnett - Buying, Selling, Brokering, Deal Making

David Barnett has been an owner, broker, buyer, seller, and everything in between. He’s written a dozen books or so about buying and building companies. This is a fun conversation. We dive into… — Don’t Start a company from scratch, Buy a Foundational Company First — How to get a deal done — Cash Flow Forecasts — Buyers and Sellers need to Collaborate — SMB’s are barely away from falling off a cliff… Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuya...
178
July 1, 2021

Tyler Gillespie (2 Exits) - Building Your Business to Sell + Productized Services

Tyler Gillespie lives in Columbia for half the year and Aspen the other half. He’s built and sold 2 companies and developed formulas to “Building to Sell” his companies. We dive into… What is Productized Service Starting offline and moving to online businesses Building to sell Building around the desired lifestyle His 2 exits Tyler also has acquired another productized service business. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness....
177
June 29, 2021

SBA Loans, Online Deals, Offline Deals - Industry Updates

This episode mainly applies to online deals but 12 months ago, there was an absolute low in the industry. Now 12 months later in the middle of 2021, it's the hottest it's ever been. Is it high? Who knows. Is it the new normal? Who knows. SBA deals are not winning nearly as many online deals as before. I dive into why not and how to stand out. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsor: ...
176
June 24, 2021

Dave Lowell - How to Run Your Own Race and Define What Your Business Means to You

Dave Lowell is a different breed of a Financial Planner. He helps you design your financial plan around your lifestyle AND NOT the other way around. You want to build an awesome business while living an awesome life. We dive into… Talking finances Talking what your end game is, ideal lifestyle Why you do certain things Talking money with your spouse Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv1...
175
June 22, 2021

Elliott Holland - What He Has Found Through Due Diligence on 100's of Companies

Elliott Holland is a legend in the space and covered due diligence on hundreds of companies. He’s down to earth and gives us a playbook for buyers to avoid mistakes. We dive into… The 5 biggest mistakes when buying a company How to stand out as a buyer How to establish working capital projections *HUGE PITFALL for buyers Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Live Oak Bank is a seasoned S...
174
June 17, 2021

How to Buy Businesses While Keeping Your Day Job - Ujwal Velagapudi - Interview

Ujwal Velagapudi bought a sports bar while keeping his day job. It was nuts. No bartender 1 hour before opening on his 1st day. Put an ad on craigslist and luckily someone showed up a few minutes before opening to handle it. That opening weekend was his busiest weekend he ever had. We dive into… How to get a deal done Risk with deals What he would do differently Why everyone thought he was crazy Ujwal is brilliant and moves fast. He knows his comfort level and is ready to move when he see...
173
June 15, 2021

Joe Valley - The EXITpreneur Playbook

Joe Valley is a serial entrepreneur, EXITpreneur, author, advisor, and partner at Quiet Light Brokerage, one of the leading online-focused M&A firms in the world. He has built, bought, and sold over a half dozen companies of his own, and has helped thousands of online entrepreneurs achieve their goals. You need to spend $1 - 15 for your education. This is it. $100M. Yes. $100M. We dive into… - What to avoid while selling - Why business owners don’t get valuations - Why over 50% of the money ...
172
June 14, 2021

Why Do People Sell Their Businesses?

Why do people sell a perfectly good business... Other projects Take money off the table Bored Buy a house Start / buy another company ENTIRE network is in one company - diversify In over their heads No time Tax timing Family / Health / Divorce Retiring Other....Business is tanking. This is obvious. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Mushfiq Newsletter - https://thewebsiteflip....
171
June 10, 2021

Trevor Ewen - Searcher, Engineer, and Technical Deal Analysis

Trevor Ewen is a software engineer and entrepreneur. He and his partner are searching for technology-based companies while also supporting other searchers with code review and other technology. We dive into… — Technical evaluations on companies — Why getting an MBA is like dating — How to use his firm if you’re not a tech entrepreneur Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsor: Live Oak...
170
June 7, 2021

Ken Greene - The Engineer of Finance

Ken Greene is an engineer turned finance guru. He was forced into finance and embraced it. He believes business acquisition is underrated (duh) and also why coaches are necessary in all aspects of life. Ken learned the hard way by being amazing in one area and thinking it carried over to all areas of life. We dive into… - Cash reserves - Transitions from career - How to think about acquisitions - Biggest mistakes people make with their finances. Ken actually sold one of his businesses last ye...
169
June 3, 2021

Mid-Deal Update - Jen Anderson

Jen’s Acquisition Update. Husband lost his job Partner is gone How she is structuring a tricky seller-financed deal Down payments Growth opportunities AND WHY you need to get so creative as an entrepreneur. “Entrepreneurs are some of the most creative artists in the world.” —Chuck Mullins Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://acquisitionlab.com/ - The first do-it-with-you advi...
168
June 1, 2021

Kyberlight - What You Learn About Your Company When Putting It Up For Sale

Sam Whitney was on the podcast in January and had such a cool entrepreneurial journey. He’s selling his company so we do a short episode on what he has learned about taking his company and putting it up on the market. The good. The bad. The ugly. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsors: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, ...
167
May 27, 2021

Josh Kim Bought 3 Businesses by Age 20 (SBA Loans for $2.5M)

Josh Kim bought 3 businesses by age 20. That’s nuts. He graduated high school at 16 and went straight to college. Josh bought home health and hospice companies and then started to grow through acquisition. We dive into… — How he thought about buying a company — How to win deals — Why he decided to sell What I love about Josh is that he moves fast and knows he can accomplish anything regardless of previous experience or anything. Episode Resources Connect with Ryan Condie http://linkedin.com...
166
May 24, 2021

Luke Hohmann Started a Business Because of a War + His Exit

Luke Hohmann started a business because of a war. He focused his company building on customers first and let the chips and revenue solve problems. We dive into… How to build a business to sell Shifting from consulting to building How to build a company of revenue rather than VC/Angel Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsors: https://acquisitionlab.com/ - The first do-it-with-you a...