Episodes

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://letsbuyabusiness.com/ Quick survey to make the podcast better... https://forms.gle/RRcXpe3dK7pNGqv16

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 than if you get a 9 to 5. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondi...

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.CapitalGainsTaxSolutions.com www.ExpertTaxSecrets.com Email - Info@capitalgainstaxsolutions.com brett@capitalgainsta...

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://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Nikora Anderson Nikora@theazalea.n...

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 looking at operations. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancond...

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.bluemoosesweets.com/collections/all Code: Candy2020

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 Krause https://buyingonlinebusinesses.com/ https://podcasts.apple.com/us/podcast/buying-online-businesses...

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/RRcXpe3dK7pNGqv16 Connect with Anthony Scandariato https://podcasts.apple.com/us/podcast/discovering-multifamily/id...

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 https://forms.gle/RRcXpe3dK7pNGqv16

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 http://letsbuyabusiness.com/ Connect with Spencer Peterson spencerrpeterson@gmail.com https://www.loom...

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-johnson-23737b8/ casey@enzoenergyservices.ca

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 Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/

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 http://letsbuyabusiness.com/ Connect with Jason Ferguson Jason@fergusoninsurance.com

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://letsbuyabusiness.com/

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 http://letsbuyabusiness.com/ Connect with Ryan Wallace Ryanwallace33@gmail.com https://www.linkedin.com/in/sdryanwallace/

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 wins. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://www.inc.com/jeff-haden/amazon-founder-jeff-bezos-this-is-how-successful-people-make-such-smart-decisions.html

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 and vision of our business. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ http://letsbuyabusiness.com/2020/09/14/68-partnership-agreements-spencer-and-i-created-our-own/

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 Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://letsbuyabusiness.com/?p=1793

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://letsbuyabusiness.com/

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 effort, hiring, and overall happiness on nailing those. THIS will save you a ton of time on your search, avoiding companies that don't fit your goals. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/