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 ...
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...
I jump into 5 deals, some offline, some online. Some great ones out there. ALSO, I'm looking for some help on my site http://letsbuyabusiness.com/ DM me if you have some ideas or want to help out here. Episode Resources Conne...
Jason Ferguson drops some truth bombs here about getting health insurance as an entrepreneur and business owner. 15 minutes of amazingness here. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie htt...
Ryan walks through the process of finding local businesses, working with brokers, and how to stay top of mind for local business brokers. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://let...
Ryan Wallace went from a successful Stock Broker to starting the NM Solar Group. Ups and Downs and then a $5M exit. Amazing nuggets in this story. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie h...
When making decisions, make the best important decision first: Decide whether it is a 1-Way Door or a 2-Way Door decision. 1-Way Doors - You can't go back. Not reversible. 2-Way Doors - You can go back. Make these fast. Speed...
Whether you have a partner or not, you need to nail down a lot of parts of the business. Operations, Roles, Funding, Debt Paydown, etc. Spencer and I created our own Partnership Agreement to make sure we are on the same page ...
Yes, my house was hit by a 40-ft Mulberry tree and they needed a $1.5M crane to lift it off my house into the street. BTW. New podcast goal. 10 Listeners to buy a business by end of 2020. Episode Resources Connect with Ryan C...
I get stuck all the time. You eat an elephant by one bite at a time. Take a step back and plan your next moves. AND ask for help. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabus...
Every business has problems. You need to pick which problems you want to have or want to solve. If you start with the end in mind, you can then avoid bad headaches. Knowing what problems you'll have, you can then focus your e...
I got some great love and some great hate by outlining how to make $500k in 4 years. There are other ways to make that kind of money than buying a business, but I dive into the simple version here. Episode Resources Connect w...
Jennifer is all business: she's a listener who put an offer on a business. Also, the latest with my deal. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/
Write 50 things you want to do AND THEN put a price tag next to each one. You'd be shocked how inexpensive some of these things are. I spoke to a very successful individual who has seen great success at several VC-backed comp...
Pretty stellar businesses available right now. Here is how Ryan approaches looking at and evaluating these businesses. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/
How do you reach out directly to an owner to buy their company? There is an art here, but keep in mind, this is hard to do. I've seen a lot of people do this but you can lose a lot of time and not get anywhere. HAVING said th...
Wow! This episode is so good! From Raleigh, leaving his high-paying corporate lawyer career, to grinding it out building Escape Rooms and Trampoline Parks. Raleigh talks about his exit and how to go about selling his company....
Ryan spoke to a few individuals who want to buy a business in 2 to 10 years. That's great, but the issue was money. You can buy a business with investors. Here are a few thoughts on raising money from someone who has never ra...
Quick update on my deal and the due diligence process AND putting together a partnership agreement. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/
Buying a company while you have a job and kids and Costco bills is hard. So is life. So is going into a job you hate. You need to figure out where you can cut expenses and activities that are a waste of time. Song was the per...
Song has an incredible story of how he did his search with a full-time job in the LA region. Song had to focus on saying no to nearly everything that didn't fit his criteria while working at 6am and again from 8pm to 1am to f...
Looking for a business can be miserable. You're alone, you don't produce anything, ship anything, sell anything, talk to happy customers and you don't make any money. Keep reminding yourself of your "WHY". My, why is financia...
Small Deals are riskier, require all cash to buy, and take up the same amount of time as Big Deals. You can cut your teeth on small deals but they can be super hard to do. Episode Resources Connect with Ryan Condie http://lin...
Ryan is in the middle of due diligence but he tells a story of one $1M company buying another $1M company and nearly going under when it doesn't go through. You need to establish what the bottlenecks and KPI's are for the dea...