Episodes

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...
165
May 20, 2021

4 Types of Luck + Naval + How Most of My Career Stems from 1 Apartment Move in College

I dive into the 4 types of luck, 100% accountability, and how luck has played a role with 2 big successes of mine. Moving into an apartment in college and starting this podcast. Blind luck Luck from hustling Luck from preparation Luck from your unique character Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsors: https://www.liveoakbank.com/ https://acquisitionlab.com/ Survey - http://letsbu...
164
May 17, 2021

Jacob Erdei Went from Carpet Cleaning to Computer Repair to Buying Companies

Jacob Erdei has done it all in the online business space. In his words, he hit a lot of singles and it turned out well. Jacob is in the middle of creating a 3PL which is so rad. We dive into… Carpet Cleaning to Computer Repair Entrepreneur What needed to happen to quit his day job How a career of singles can be pretty awesome Mistakes along the way Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 ...
163
May 13, 2021

Simon Stock - Building a Business, Exiting and Investing Full Time in Stocks for Passive Income

Simon Stock is one of the best follows on Twitter based on his stock analysis, inflation breakdowns, and how the economy works. He took his business profits and invested them in the stock market for passive income through dividends. We dive into... -- How he built his business and then sold it -- 2 types of Inflation - 1. Demand-Pull Inflation and 2. Cost-Push Inflation. -- FED and Unemployment Numbers -- What stocks he likes (none haha) -- How to protect yourself against inflation. PRODUCTIVE...
162
May 10, 2021

How to Find a Business Partner

How to find a business partner...I breakdown the good, the bad, the ugly in working with partners. I dive into... - Network is crazy. - Everyone knows what you're doing... - Align Vision / Goals - Complementary Skills - Handling Disagreements - Work Together Before Partnering - Partnership Operating Agreement - Be the partner you want to be Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://www....
161
May 7, 2021

John Wilson Buys the Family Plumbing Company + 5 More Acquisitions + 900% Revenue Growth

John bought his family’s plumbing company and has since bought 5 other companies which led to over 900% revenue growth. We dive into: — Buying a Family Business + Valuations — Doubling his business overnight through Acquisitions — How to scale past $3M with Systems You’re going to want to follow John on Twitter and the inter webs. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://www.liveoakba...
160
May 5, 2021

Lisa Forrest + 30 Years of SBA Lending + Deal Structures

Lisa Forrest has been doing SBA loans for decades. She has seen it all. Lisa is hyper-focused on this searcher community and specializes in getting deals done with searchers, which is you. That's why you are listening. We dive into… -- Self Funded vs. Traditional Search -- Deal structures for deals between $1M to $12M -- Real Life Structures -- How best to work with lenders And many more. Lisa is also so full of awesome energy. Episode Resources Connect with Ryan Condie http://linkedin.com/...
159
May 3, 2021

Freddy Lansky - Building/Selling His 7-Figure eComm Brand + Searching for an Acquisition

Freddy scaled his commerce brand to 7 figures while living abroad in Mexico City. He then sold it to focus on building/acquiring his next business. We dive into: Building a network around you with like-minded people Putting yourself in uncomfortable situations for growth Finding your own path Freddy is super cool and can be found at pointspanda.com. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16...
158
April 30, 2021

Jenn and Ryan - State of the Market

Jenn and Ryan dive into the state of the market, what they are looking for, what they are avoiding, and how to stand out. Spoiler: Jenn and Ryan are actually approaching the market differently. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://twitter.com/RyanPaulCondie https://twitter.com/Anderjen Stay Up to Date Newsletter: http://letsbuyabusiness.com/newsletter Sponsors: https://acquisitionl...
157
April 28, 2021

Will Taylor Jr. Joined a Gym and Then Bought it

Will Taylor Jr. is a fantastic entrepreneur. He walked into a gym to join it and ended up buying the gym instead. We dive into... — Being the dad that’s in the memory book — Working with your spouse — How to start your business while doing your day job — Why expand into 2 locations — Why sell your business? Will started Taylor Green Media to help gym owners across the country. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://f...
156
April 23, 2021

We Hired a CEO / GM for Our Acquisition

We hired a CEO for our business. Life changes. Goals change. My partner and I over the past 2 months have had other opportunities start to take massive amounts of time. I dive into how we hired them, how we tested working with them before, details about the offer and structure. Episode Resources https://acquisitionlab.com/ Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://twitter.com/RyanPaulCondie
155
April 21, 2021

Tactical Ways to Find a Business for Sale

I dive into tactical ways to find an off-market business for sale. You are positioning yourself as the solution for people to retire. You are their retirement. Reach out to 5-10 owners Make sure you want this lifestyle / solve those problems Find out where they hang out Virtual - FB Groups, Sites, Forums, Newsletters. Conferences / Tradeshows Advertising on Trade Magazines and sites, small budget dedicated PPC targeting owners. Now, action. Move fast. 2 days to 2 weeks to get the ball rol...
154
April 19, 2021

Matt Remuzzi (CapForge) - Evaluating the Books During Due Diligence

Matt Remuzzi started CapForge, wonderful bookkeeping, and CPA firm. He has helped 100’s, maybe 1000’s of buyers and sellers with their books. I started to use them when I bought a business that had their books done by them. It was THAT convincing. Matt and the CapForge team can help you in due diligence and his unique perspective as a business owner is not just about numbers. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://for...
153
April 16, 2021

Peter Lohmann - Quitting Your Day Job + Buying 2 Competitors + 40% Growth Overnight

Peter Lohamnn is amazing. He transitioned from a great career as an engineer and focused on building out his real estate portfolio. Peter then doubled down on his property management company. We dive into: - How to find a partner - How to bridge the gap from quitting your day job to pursuing your entrepreneurial dreams - How to acquire competitors Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Conn...