Episodes
219
Feb. 8, 2022
How to Buy a Local Health Foods Store with Andrew Noel
Andrew went from corporate America to an entrepreneur in a short amount of time. He bought a great health foods store in Florida and has since grown the business over 30% in the first year. We dive into... - Leaving Corporate America for Flexibility and to add more value - Local Searches vs Industry Specific Searches - Lease Negotiations Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with An...
217
Jan. 27, 2022
Why Buy A Profitable Online Business Instead Of Starting One with Ryan Condie [Part 1]
I join Jaryd Krause's podcast - Buying Online Businesses. I don't normally go on the other end and thought it would be good content and insights for you all. Part 1 - Imagine if you could skip forward 3-5 years in your online business journey, just from buying a profitable online business. Instead of spending a whole lot of time, money, effort and energy just trying to start an online business and still run the risk of it failing. You see 90% of all startups fail and Ryan Condie shares why th...
216
Jan. 20, 2022
From Software Sales to Buying an Insulation Business with Damon Chlarson
Damon Chlarson was in software sales in corporate America before jumping off the high dive and buying a business 60 days ago. He bought Pacific Insulation Supply. We dive into... - Leaving Corporate America - His Business Search - Diving into SMB Twitter - Leveraging His Sales Skills - How to view the last 30 days of the business performance - Operating a business with someone else's process Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness....
215
Jan. 18, 2022
Patel Motel Cartel - Why are 70% of Motels Owned by Indians?
Indian Americans account for about 1% of the population but own about 70% of the motels in America. Entrepreneurship Self-Employment Teaching the Next Generation Funding the Next Generation Sticking to Industries They Know Episode Resources https://buffalonews.com/news/the-patel-motel-phenomenon-immigrant-entrepreneurs-from-india-many-with-the-same-last-name-now/article_b5404a8b-1e03-5632-9dbb-e197d9ee3254.html https://yourmileagemayvary.net/2021/05/07/why-so-many-motels-hotels-are-owned-by-in...
214
Jan. 11, 2022
Leaving the Corporate World to Start a Franchise and then Buy a Water Softener Business - Brent Parker
Brent Parker left the Big 4 accounting world to dive straight into entrepreneurship. Things that I love about this conversation…he had background in boat industry, understood the business beforehand from brother, started with Franchise, then upgraded to a great business, Then bought a Water Softener Company… We dive into… - Corporate to Entrepreneurship Switch - Starting his first business - Lean years…then explosive growth through creativity - 180 turn…bought a business across the country H...
213
Jan. 6, 2022
Breaking Into a New Industry + How 1 Cold Call Changed the Next 20+ Years with Chase Harmer
Chase Harmer is an amazing entrepreneur. What I love about this conversation and Chase’s story is that early on, he just went for it. He did the tough things you need to do like cold calling and grinding, but then he got more buttoned up and calculated. We dive into… - Wins and Losses - How to get started in a new industry - How 1 Cold Call changed his whole career and life Episode Resources 10 Step Video series to Finding a Company to Buy Mushfiq's Content Website Buying Course Connect with ...
212
Dec. 28, 2021
Gamal Codner Sold his Business Earlier this Year
Gamal sold his awesome Shopify brand earlier this year. He and his wife Natarcia built a beautiful brand over 4 years with the intention of selling. We dive into… - What is the opportunity for the new owner? - How to identify risk in your own business Gamal works with founders now to help diversify revenue, build a community, manage all docs and organizations, and of course, helping entrepreneurs understand why people do or don’t pick their brand. Check Out Gamal and his workshops for eCommer...
211
Dec. 23, 2021
Joel Reichert Finds, Analyzes and Buys Another eCommerce Brand
Joel is all things eCommerce. He's had eCom exits but here talks about his latest acquisition from a friend he helped. We dive into how he found, analyzed, and structured the deal while being ok with a certain level of unavoidable risk. Episode Resources Joel Reichert - https://www.linkedin.com/in/joel-reichert-90020526/ 10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video Mushfiq's Content Website Buying Course - http://letsbuyabusiness.com/flip Connect with Ry...
210
Dec. 16, 2021
A few Basics around Crypto, NFTs, Web3 with Ty Roney
Ty Roney is an amazon seller expert turned crypto, NFT, and Web3 evangelist. This is not your typical podcast here but it's an interesting topic so we decided to record it. We dive into... - A few crypto Basics - NFTs - Web 1, Web 2, and now...Web3 - Resources below to learn more Episode Resources https://newsletter.banklesshq.com/ https://www.youtube.com/c/thedefiant/videos https://twitter.com/allnick?s=20 https://twitter.com/Zeneca_33 Connect with Ryan Condie http://linkedin.com/in/ryancon...
209
Dec. 9, 2021
Stable Customers + Stable Employees Can Weather Nearly Any Storm | Brian Johnson
Brian had 20 years in corporate America and then made the switch to entrepreneurship. This takes guts. Brian now helps small businesses prepare for life-changing exits. We dive into… - How to find off-market manufacturing businesses - Stable Customers, Stable Employees can weather nearly any storm - Airplane Analogy for Startups Episode Resources 10 Step Video series to Finding a Company to Buy Mushfiq's Content Website Buying Course Connect with Ryan Condie http://linkedin.com/in/ryancondie...
208
Dec. 7, 2021
Buyer Market Conditions + Selling Multiple eCommerce Businesses | Ethan Alexander
Ethan Alexander is an amazing entrepreneur with multiple exits, acquisitions, and successful eCommerce businesses. He’s a fellow advisor at Quiet Light. We dive into… — eCommerce business metrics — Where to see opportunities in a competitive market — How to stand out as a buyer (this can not be talked about enough) Episode Resources: Ethan Alexander - https://quietlight.com/advisors/ethan-alexander/ 10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video Mushfiq's...
207
Nov. 30, 2021
How to Get Health Insurance as an Entrepreneur - Jason Ferguson Interview
Jason Ferguson is an expert in all things health insurance and primarily focuses on the self-employed. Using Jason will not increase your rates and in reality, you'll probably be on a better plan and save money. Episode Resources 10 Step Video series to Finding a Company to Buy Mushfiq's Content Website Buying Course Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jason Ferguson https://www.fergusoninsura...
206
Nov. 23, 2021
From a $3M Acquisition to $88M Sale in 8 years in Aerospace - Jordan Law
50 years in the Aerospace Industry. From getting nearly fired to buying and selling companies in Aerospace. Jordan always had creative solutions and bet on himself to make things happen. He invested heavily in his employees and gave them massive upside that led to a $3M acquisition to a $88M sale only 8 years later. Episode Resources 10 Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3...
205
Nov. 18, 2021
Mushfiq Sarker - 150+ Websites Acquisitions - Specific Deal Dive
Mushfiq Sarker is amazing. He also is the founder of . He’s been buying, growing, and selling sites for over 10 years with many 6-figure exits. He is a Super Seller on Flippa’s platform. Mushfiq has bought over 150 sites. In this episode, we dive...
204
Nov. 16, 2021
Vectrum Graphics - This small business is for Sale to listeners...Right now…
My friend's business, Vectrum Graphics, is for sale. I dive into the pros, cons, growth opps, and ideal candidates for this business. Revenue - $63,000 Profit - $24,500 Asking - $60k Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Brad Mills https://vectrumgraphics.com/ https://www.loom.com/share/0ca143025f424978bdda84641189e74e https://www.loom.com/share/109fb3c06f574c1e8dccb14972ec9e9...
203
Nov. 11, 2021
Buying over 300 Websites since 2004 - Michael Bereslavsky
Michael Bereslavsky is the Founder and CEO of Domain Magnate. It has led him from solo ventures in building, promoting, and monetizing websites, to over a decade of buying and growing internet businesses and successfully completing over 300 deals. We dive into… — Specific deals on how he found off-market businesses for sale — Hair or red flags on a deal? Sometimes lean in… — Where you’re first deal can be You can learn more about Michael at www.michaelbereslavsky.com Episode Resources Connec...
202
Nov. 9, 2021
Shaylan Hurley on Quitting his job and Buying 2 Companies in the last 2 Months
Shaylan Hurley texted me and said, I just quit my job and bought 2 companies…that will get your attention. We dive into mentors, finding deals, structuring deals, and how to stand out. Shaylan is also very good at attacking with full force his fear. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Shaylan Hurley https://www.linkedin.com/in/shaylan-hurley-064b52a5/ Sponsor: Live Oak Bank ...
201
Nov. 2, 2021
Jayson Lowe - Why Pressure is a Privilege and Managing Multiple Companies at Once
Jayson Lowe left corporate Canada/America in 2008 and never looked back. This is a fun conversation around all things entrepreneurship, grit, and starting with the end in mind. We dive into… — Making the leap to entrepreneurship — Why Hiring Coaches and Mentors is crucial — Pressure is a Privilege — How to manage multiple companies at once You can learn more about Jayson below. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://...
200
Oct. 28, 2021
What is the Story with Add-Backs?
If you are looking at businesses for sale, you'll notice a lot of add-backs. Some will make sense and others won't. You need to educate yourself on how to dig through the data. In the end, the buyer needs to operate the business the same way the seller operates the business. "Owner add-backs are items that they claim you should not need to pay once the owner leaves the business" - Michell Baldrige Episode Resources https://quietlight.com/3-types-of-addbacks/#ftoc-the-3-levels-of-addbacks-for-...
199
Oct. 21, 2021
The 4 Pillars of Value for an Acquisition
Time and time again buyers evaluate businesses on a few main criteria. It's called the 4 Pillars of Value and it helps determine whether a business has a high multiple or lower multiple. 1. Risk Mitigation 2. Growth Prospects 3. Transferability 4. Documentation / Verifiability This is a framework from Quiet Light which I've linked to their blog below. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 ...
198
Oct. 19, 2021
Jim Oliver - What is Infinite Banking and How to Buy Assets (Businesses) With It
Jim Oliver has quite the entrepreneurial journey. He owns 22 businesses. Yes, 22 businesses. Jim finds great talent and then overpays them. We spend most of our time on what is known as infinite banking. We dive into… - What infinite banking is - How it works to buy more cash flow producing assets - Cash Flow vs Savers You can follow Jim here at CreateTailwind.com and the Breakaway Wealth Podcast. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabus...
197
Oct. 12, 2021
Keeping Your Day Job While Buying an Online Business + Exit - Jennifer Anderson Interview
Jennifer Anderson is a listener of the podcast. She's super cool and has a traditional career but on the side has bought, built, and now SOLD an online business. Jennifer packs in the value and gold nuggets in this short episode. Episode Resources https://quietlight.com/ https://empireflippers.com/ https://feinternational.com/ https://www.bizbuysell.com/ https://flippa.com/ http://webequityshow.com/ https://investing.io/patey/ 10 Step Video series to Finding a Company to Buy - http://letsbuyabu...
196
Oct. 7, 2021
Evaluating eCommerce Acquisition Metrics with Matt Putra
Matt Putra is an eCommerce expert and fractional CFO for eCommerce brands. He’s built, bought, and consults for many eCom brands. We dive into… — Typical eCom Margins — eCom Must-Haves (Gross Margin, Email Lists, Areas for Improvement) — eCom Nice to Haves (VIP Groups, 30% Customer Retention, 3 to 1 customer lifetime value over acquisition costs Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Show S...
195
Oct. 5, 2021
Can I Buy a Business with No Money Down? + Other Common Question with David C Barnett
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 questions such as… — Are small businesses a better investment than properties? — Is this a good business? — I’ve heard you can buy a business with zero down. Is that true? — Are there businesses I can buy while keeping my day job? Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryanc...