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How to Buy a Company with a Job and Kids
Episode 59
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…
Published on 5 years, 4 months ago
Song Pettus Dominates the Search and Buys a Stellar Company
Episode 58
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 …
Published on 5 years, 4 months ago
Frustrations of Searching for a Business to Buy
Episode 57
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 …
Published on 5 years, 4 months ago
Small Deals vs Big Deals
Episode 56
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
Connec…Published on 5 years, 4 months ago
Due Diligence - How to Reduce Costs Until You Know the Deal is Done
Episode 55
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…
Published on 5 years, 4 months ago
Stock vs Asset Purchase
Episode 54
First off, get a great attorney and CPA. Ryan walks through navigating a stock purchase and an asset purchase. Most businesses sub $5M will be an asset sale. In a nutshell, Asset Purchase is typicall…
Published on 5 years, 4 months ago
Update on My Deal #2 - Next Steps of Due Diligence / Complementary Skills with your Partner
Episode 53
After costs, revenue, and customers are verified, you move on to the next tier of due diligence. Ryan dives a little into his partner and his complementary skills.
Episode Resources
Connect with R…Published on 5 years, 4 months ago
Last Month - I almost QUIT looking for a business
Episode 52
Last month, I hit the DIP. I was tired and worn out trying to find a business. My wife helped me push through and realize I was in this for the long haul. Seth Godin talks about the dip when trying s…
Published on 5 years, 4 months ago
Due Diligence Well
Episode 51
NOW time for Due Diligence. As my friend Landon Ainge said it best "Due Diligence Well". Verify everything in the past as fast as possible. THEN start predicting the future. Run lots of different sce…
Published on 5 years, 4 months ago
I'm Under LOI! + Find Under-Utilized Assets
Episode 50
My bid from 4 weeks ago was back on the table after two weeks and now I'm a week into being under LOI. We are way deep into Due Diligence. A few key takeaways....you need a network to tap into immedi…
Published on 5 years, 5 months ago