Podcasts about bizbuysell

Register for the webinar:Should You Buy a Business? A Live Panel with Lab Members - Wed Apr 23rd - https://bit.ly/3EBvXvNJoe Ziolkowski found the deal of a lifetime — a $10m manufacturing business — by expanding his filters on BizBuySell.Topics in Joe's interview:Investing with a friend in real estateBacking out of a Mr. Rooter dealAcquiring a restoration businessDealing with insurance in restorationMaking a bad operations hireSelling the business at a profit after 6 monthsAcquiring a wood veneer manufacturing companyGetting a great deal on both businessesSeller's daughter staying on as VPWhy it's impossible to start a wood veneer businessReferences and how to contact Joe:LinkedInjoe@woodlandface.comWoodland FaceWork with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:Pioneer Capital AdvisoryGet a complimentary IT audit of your target business:Email Nick Akers at nick@inzotechnologies.com, and tell him you're a searcherGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or hello@systemsix.com and mention Acquiring MindsConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton RohozovProduced by Pam Cameron

Summary:  Eric Van Horn, a seasoned entrepreneur and co-founder of Front Street Equity Partners, joins Susie on the podcast to share expert insights on franchise growth strategies. In this episode, Eric dives into his experience building and selling successful franchises, the art of scaling businesses, and the innovative approaches that drive Front Street Equity Partners. Whether you're an aspiring franchisor or an experienced franchisee, this episode is packed with actionable advice and valuable lessons to help you take your franchise to the next level. Key Takeaways: FSO hangover concept Balance needed in franchise growth Learning how to be a franchisor Importance of local market knowledge for franchisees Value of mastermind groups Marketing for franchisors -from BizBuySell to LinkedIn for lead generation Engaging with local entrepreneurs and potential franchisees using Dinner Events About Erik:  Erik Van Horn is a franchising specialist and expert in multi-unit, semi-absentee business ownership. From franchisee to franchisor, and investor to consultant, Erik has worn many hats over the last two decades. His diverse experience has provided him unique insight into the challenging aspects of the industry. Unlike many other franchising pundits, Erik practices what he preaches, and is still an active franchise entrepreneur. He has owned 6 brands in 8 states, and isn't done yet with 30 more locations in the works. But more than expanding his businesses, Erik has a passion for helping people. That's why he has helped 1,000 people (and counting) find great opportunities that meet their lifestyle goals, so they can find the same freedom through franchising that he enjoys. Susie Liberatore, a seasoned entrepreneur, discovered her passion for business ownership at a young age. Following years of academic pursuits and corporate experience, she founded her initial venture, Visions2images.com. What began as a solo endeavor has now evolved into a thriving enterprise led by Susie and supported by a team of 13 professionals. In a remarkably short period, she has elevated the brand's success by providing comprehensive services like website development, social media management, SEO, content creation, and paid advertising. Fueling her entrepreneurial spirit, Susie went on to establish various companies, showcasing her versatility in business development. The latest addition to her portfolio is Franchise-clarity.com. Recognizing a gap in the franchise market, she innovatively developed marketing software to address specific needs within the industry. For inquiries on potential partnerships and investments, feel free to contact Susie Liberatore to discover how she can contribute to the growth of your business. https://susieliberatore.com/ 

Dismissed by brokers, Simon Plummer bought & grew a manufacturer 75% in 3 years. Today he's building a long-term holdco.Topics in Simon's interview:Creating the “BizBuySell” of AustraliaBuying a manufacturing businessDifficulty of acquisition in AustraliaRunning the machines himself for 18 monthsLearning from his cashflow mistakesLaunching their brand in the UK, US, and CanadaHow a bricklaying YouTuber skyrocketed salesFinding and hiring a CEOAnxiety of owning a small businessBuilding a long-term holding companyReferences and how to contact Simon:LinkedInArbor Permanent OwnersBT Engineering USABT Engineering AustraliaRowan GrantJason AndrewLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabGet a complimentary IT audit of your target business:Email Nick Akers at nick@inzotechnologies.com, and tell him you're a searcherGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

Utilizing Marketplaces for M&A Deals. Third party marketplaces have really emerged in the past few years. These are services that a buyer or seller subscribes to to find deal related information and oftentimes try to match your company as best as possible through AI or manual matching. Matt Lockhart and Ryan Barnett discuss the evolving landscape of third-party marketplaces for M&A transactions in the tech-enabled services sector. They highlight the increasing interest in these marketplaces, driven by the growing recognition of the value in tech services firms. They note that while marketplaces like Axial, PE Marketplace, and GRV Source can broaden the pool of potential buyers and sellers, they also present challenges such as the generalized nature of listings and the need for specialized understanding and marketplaces are a useful tool but should be part of a broader outreach strategy.1. The use of third-party marketplaces like BizBuySell, DealStream, Axial, and PE Marketplace for finding and selling businesses.2. Marketplaces can be a useful tool to increase the top of the sales funnel, but require careful curation and alignment between buyers and sellers.3. Buyers using marketplaces may not always have deep industry expertise, leading to potential misalignment.4. Sellers should proceed with caution when using marketplaces alone, as significant work is still required to properly prepare a business for sale.5. Advisors can play a critical role in helping both buyers and sellers navigate the complexities of the M&A process.6. Competition for deals can increase when using marketplaces, as the goal is to get in front of as many potential buyers as possible.7. Buyers should view marketplaces as one tool in their inorganic growth strategy, not the sole source for finding acquisition targets.8. Proper cultural, strategic, and financial fit are essential for successful transactions, regardless of the sourcing method.9. The group discussed the recent podcast episode on "Buying a Company is Not Like Buying a Car" and the importance of this mindset.  Listen to Shoot the Moon on Apple Podcasts or Spotify.Buy, sell, or grow your tech-enabled services firm with Revenue Rocket.

When adding Wash-Dry-Fold & Delivery to your laundromat, how do you know when you've outgrown your facility? What can you do to avoid affecting your self-serve customers? For Ayad Mirjan, his answer was simple, expand across the street! In this interview with Dave & Carla Menz, learn how Ayad expanded his delivery brand OrangeBag by adding a separate processing facility and even licensing his brand to other nearby owners. Ayad shares his tips for other owners and even shares his experience in becoming the only Green-Certified Laundry Delivery Service in Southern California!Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comProduct Spotlight: WDF & Delivery Dynamics Handbook: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Orangebag website:The Laundry House Website: https://www.laundryhouse.la/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/BizBuySell: https://www.bizbuysell.com/BizBen: https://www.bizben.com/Speed Queen Equipment: https://speedqueen.com/Cents: https://trycents.com/LaundroWorks: https://laundroworks.comTraction by Gino Wickman: https://www.eosworldwide.com/traction-bookContinental Equipment: https://gnalaundry.com/Foltex Folder: https://www.foltex-usa.com/Timestamps00:00 Episode 83 Intro01:42 Product Spotlight: WDF & Delivery Dynamics – The Complete Business Blueprint02:40 The Laundromat Millionaire Show Intro04:18 Forecasted Growth of WDF & Delivery08:13 Ayad's Backstory15:34 Acquiring the 1st Store16:23 Buying Turn-Key vs a Fixer Upper26:21 Ayad's Laundry Business Model Today & the Retool30:22 Expanding to a WDF & Delivery Facility32:21 Appearing Big and then Getting Big – Growing the WDF & Delivery Business34:31 Delegation & Building a Team for Growth37:40 How to Know When Time to Expand to Another Facility?43:11 Composition of the Orangebag WDF & Delivery Facility44:38 The Orangebag Delivery Model Today46:54 Owning the Process and Brand Consistency48:49 By the Bag or By the Pound?50:49 Delivery Turn Around Time51:14 Becoming a Green Certified Business55:43 What Does the Future for Ayad and Orangebag look like?57:57 Ayad's Contact InfoThe Growth GearExplore business growth and success strategies with Tim Jordan on 'The Growth Gear.Listen on: Apple Podcasts Spotify

Want to learn the secrets to business success from company owners who are not only surviving but thriving in this difficult economy? Then join award-winning entrepreneur Mike Bosma and his guests as they provide you with the insight and expertise you need to start a new business or to take your company to a whole new level. In between jobs? Why work for the boss when you can be the boss? With Bosma On Business you can be in conversation with the area's top corporate executives, community leaders and movers and shakers. The show is the ultimate business networking event and entrepreneurial incubator wrapped up in one and it's brought to you live weekly over the airwaves and through the Internet. You'll tap into a wealth of wisdom from top experts in the fields of accounting, marketing, sales, information technology, business law, human resources, corporate real estate, banking and so much more. If you're doing business in Northern Nevada or have the entrepreneurial itch, then plan on joining us on News Talk 780 KOH every Saturday morning at 10 a.m. With Mike Bosma, the Pied Piper of entrepreneurial excellence leading the way, we're Getting Northern Nevada…Back to Business.See omnystudio.com/listener for privacy information.

More Q&A! I chat with Brett from Junkless, a company shaking up the junk removal and moving industry in Bend, Oregon. Brett is closing in on 7 figures, but he has his eyes on a bigger future. Could opening a second location in the bigger city of Portland turn his $2,500 investment into the 8 figure business he's dreamed of? We get into this and tortillas, digital products and a flowrider business with three other guests. Timestamps below. Enjoy!---Ask me a question on or off the show here: http://form.typeform.com/to/Eb8KaY0pLearn more about me: http://chrisjkoerner.comLearn about my company: http://cofounders.comFollow me on Twitter here: https://twitter.com/mhp_guyFree weekly business ideas newsletter: https://newsletter.chrisjkoerner.com/---01:44- Junk Removal Business ExpansionA successful junk removal business owner in Bend, Oregon, has hit a million dollars in revenue and wants to expand. He also runs a moving business and is deciding his next steps: Should he focus on junk removal or moving? Should he expand to Portland or Eugene?19:42- Buying a Tortilla RouteA guy is considering buying a tortilla route from BizBuySell and asks, Is this a good idea?21:13- Digital Product from Influencer DMsA guy asked an interesting question: He and his wife, or his wife and a friend, answer questions for a popular fitness influencer with 1.1 million followers. He wants to turn her DMs and comments into a digital product, like a newsletter or a book. I had some great ideas for him.35:12- Starting a Flowrider BusinessThe last caller wants to start a FlowRider business, which is an inflatable faux surfing concept gaining popularity in Asia and starting to spread in the U.S., especially on cruise ships. We broke down the unit economics of a FlowRider.

Buy or sell a small business through the BizBuySell Marketplace, with Bob House. Show Notes Page: https://www.thehowofbusiness.com/520-bob-house-biz-buy-sell/ Bob shares his unique perspectives on how you can buy or sell a small business through an online marketplace like BizBuySell.com. Robert A. House is the President of Business for Sale. He joined the company in 2012 and leads CoStar Group's business for sale marketplace websites including BizBuySell.com, BizQuest.com and FindaFranchise.com. These websites represent the largest database of business for sale listings in the country. BizBuySell.com offers the internet's largest business-for-sale marketplace, with approximately 65,000 business for sale listings annually available in the U.S., Canada, and Worldwide. Buyer resources include free valuation, buyer workbooks and business search capabilities. Seller resources include free valuation, business listing tools, and 3 listing categories. This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com

Why CoStar planned acquisition of Matterport is Good News for Competitors Commentary and Analysis by Dan Smigrod Founder and Managing Editor We Get Around Network | WGAN-TV CoStar's planned acquisition of Matterport this year is great news for all 3D/360 digital twin/virtual Tour platforms and software. (And, by extension, real estate photographers that offer virtual tours.) This may seem counterintuitive. CoStar Founder and CEO Andy Florance said during the CoStar earnings call Tuesday (23 April 2024) that he intends to make Matterport ubiquitous among all CoStar marketplace brands including: CoStar, LoopNet, Apartments.com, Homes.com and Ten-X. So, if Matterport becomes ubiquitous among all CoStar brands, how does this help competitors? The ways Matterport becoming ubiquitous, is key to understanding why Matterport competitors will also succeed faster too. For example: 1. CoStar Competitors Will Not Advertise CoStar: In its 10+ years, Matterport has always required its logo in each tour. While CoStar should offer a white-label version of Matterport (no Matterport branding) to show competitors that it welcomes their use of Matterport, it is more likely that the Matterport branding will morph into “Matterport - a CoStar Company” … That's what big companies do. Google “box of Oreo cookies” to see examples of what's likely coming soon to Matterport digital twins. If that happens, CoStar competitors will likely block Matterport digital twins from being used on their marketplace and encourage the use of all other 3D/360 digital twin platforms. Can you imagine Zillow allowing CoStar branding on its platform? Even if it did, Zillow likely would “move-up” other listings in Zillow search. Zillow already does this with its Zillow 3D Home tours. 2. More Free Matterport Digital Twin Captures: CoStar will likely include more Matterport digital twins captured for free in their top tier agent/broker marketing packages – if not all packages. For example, presently, Apartments.com, a CoStar company, includes Matterport digital twin capture in 3 of 4 of the Apartments.com ad packages. (LoopNet has similar style agent/broker advertising packages.) CoStar will likely add more Matterport capture services because it can make more money from agents and brokers buying its ad packages than selling Matterport digital twins as a standalone product to its various CoStar marketplace brands' clients. (That's Phase 1). CoStar can make more money by increasing the number of listing views and the time spent viewing a listing. Integrating Matterport Capture Services and VHT Studios (a Subsidiary of Matterport) Digital Pro package into all CoStar brands' marketing packages will take time. That's Phase 2. “We intend to make a much greater commitment to capturing 3D digital twins,” said Florance during the CoStar first quarter 2024 earnings call. Additionally, CoStar likely has hundreds of employees – not independent contractors – that do Matterport scanning (and other digital property marketing listing services). CoStar competitors will need to offer a similar 3D/360 digital twin option. It's likely they will seek out other 3D/360 platforms to either buy or develop a co-marketing strategy. For example, Zillow's ShowingTime+ Listing Showcase offers a Zillow 3D Home tour in its packages. According to a marketing video on the ShowingTime+ website: “Listing Showcase can flex with your business needs like per-listing purchase options and the choice to use your own photographer or book one through ShowingTime+ Listing Media Services for a turnkey media experience. Your AI powered Showcase listing will feature high res photography, room-by-room organization, a virtual tour and an interactive floor plan that connects the photography to the location in the home.” In December 2022, Zillow acquired VRX Media to create a national photographer network, elevating listing media through ShowingTime+ brand. In August 2023, Zillow acquired Aryeo for its network of real estate photographers, robust digital marketing services and content management platform. 3. Super Bowl 2025: The CoStar vision is to “establish Homes.com as the #1 residential real estate marketplace,” according to a slide in the CoStar First Quarter 2024 Investor Presentation (Page 24). CoStar will aggressively advertise Matterport + Homes.com to take on Zillow: the leader in the space. A quick review of a graph titled “Portal Traffic Wars Average Monthly Unique Users” dated February 29, 2024 by industry thought-leader Mike Delprete shows the CoStar challenge. Zillow has three times the number of monthly unique users. I anticipate 2025 Super Bowl ads (as I discussed in a We Get Around Network Forum post) as just one of the consumer marketing tactics. While I do not believe CoStar would box-out competitors from using Matterport, it's more likely that competitors will not want to wait to find out. Perception equals reality. CoStar competitors will need to offer a similar 3D/360 digital twin option and seek out other 3D/360 platforms to either buy or develop a co-marketing strategy. 4. CoStar Guarantee: While I provided examples of CoStar including Matterport tour capture services in its top tier agent packages (Apartments.com ad packages and LoopNet ad packages for examples), I could imagine CoStar offering this guarantee: “CoStar Guarantees more referrals and more time spent on your listings when you include a Matterport digital twin.” CoStar could make this claim because as CoStar revealed during its earnings call, CoStar research shows: In March of this year, there were over 7.4 million views of Matterport 3D tours on Apartments.com. Visitors who interact with the Matterport on Apartments.com spend 16.6 minutes on the site, which is 134% more than the 7.1 minutes time on site if they do not interact with a Matterport. Properties with a Matterport generated 74 leads, which is 10x the seven leads generated for property without Matterport. According to Florance: “We intend to add Matterport as one of the benefits of Homes.com membership. We believe adding 3D digital twins for Homes.com members will increase the leads we deliver, increased customer satisfaction, increased renewal rates, increased sales and increased site traffic further.” 5. Matterport and Photos Become Table Stakes: In the same earnings call, Florance also said he will make the inclusion of Matterport table stakes for all its marketplaces: just as photos are table stakes now. While that still may be many years away, CoStar competitors will need to offer a similar 3D/360 digital twin option and seek out other 3D/360 platforms to either buy or develop a co-marketing strategy so that they are not left behind: particularly if usage of Matterport digital twins growth rate is exponential rather than linear. Florance said: “I believe we're standing on the verge of a potential exponential acceleration in the technology surrounding 3D digital twins, which will create transformative value for real estate.” 6. Technology Roadmap to Favor CoStar: “CoStar Group was one of the first adapters of Matterport's technology and currently has almost 300,000 Matterport digital twins available in the CoStar information product and online property marketplaces," said Florance during the earnings call. "We intend to go all in on 3D digital twins adding more digital twins to Apartments.com, LoopNet, Homes.com, CoStar, Land.com, BizBuySell, Real Estate Manager, STR, Belbex on the market and others.' Florance also said, “We see the acquisition is giving us increased ability to influence the product roadmap for Matterport to best serve our clients needs." If CoStar competitors are to keep-up with CoStar, they too will need to speedup the technology roadmap to stay competitive. This means CoStar competitors will also need to become major clients of Matterport competitors or buy a Matterport competitor. 7. Matterport Matterpeeps: CoStar plans to add more Matterport sales and marketing people. Those on the receiving end of those pitches will research Matterport competitors. 8. Artificial Intelligence (AI) Meets Spatial Data: AI applied to spatial data and capture automation (think robots and drones) will further accelerate the adoption curve of digital twins/virtual tours by driving capture costs down. Matterport calls its AI powered offering Property Intelligence that it has started rolling out this year. Matterport competitors have also announced AI applied to their digital twins. CoStar competitors that need to offer a similar AI option will seek out other digital twin platforms that offer this capability to either buy or develop a co-marketing strategy. A Rising Tide Lifts All Boats The CoStar planned acquisition of Matterport by the end of 2024 is likely a rising tide event that lifts all 3D/360 virtual tour/digital twin boats. At one time, I thought of Matterport as the 800 pound gorilla in the digital twins for residential real estate space. Soon there will be a new, much bigger gorilla. Matterport competitors should be elated that Matterport is being acquired by CoStar — a company that did 16 times gross revenue ($2.46 billion) versus Matterport's gross revenue ($157.7 million) in 2023. CoStar will expand the market for digital twins/virtual tours: not kill Matterport competitors. As a result of CoStar gorilla-size advertising, I could imagine home sellers selecting a real estate agent that includes virtual tours to help get more offers sooner for more money with the least amount of stress. Agents will (finally) get it that they can win more and bigger premium listings by offering virtual tours in their listing marketing plan. (And, home sellers will be smart enough to say to a potential real estate agent that a slideshow is not a virtual tour.) I would not be surprised to see at least one Matterport competitor running a marquee banner ad in the We Get Around Network Forum with headlines such as: -- Does your company compete with CoStar? -- Are you seeking an Alternative to Matterport? -- Partner With a Matterport Competitor! What are your thoughts? Should Matterport competitors be concerned or elated (and why) about CoStar's planned acquisition of Matterport this year? Are you a real estate photographer? Google: What CoStar's Acquisition of Matterport Means for Real Estate Photographers. You'll find my commentary and analysis on that topic.

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz share how they find, analyze, and secure investments into startups, small businesses, and single stocks. Robert kicks off the episode with suggestions as to where you can find startups raising money, he then walks us through his pizza shop's February financials, and Austin rounds off the episode with a deep dive as to how he analyzes new stock ideas. --- Automatically buy stock where you shop with ⁠Grifin, click here!⁠ ⁠Bizbuysell⁠, where Robert found his Pizza Shop Sign up for our new ⁠Webinar, click here!⁠ Opt-in and share your email, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here!⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠4-module video course!⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Download our FREE Budget Template, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here!⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To learn more about Robert: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://stan.store/RobertJCroak⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To learn more about Austin: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://stan.store/austinhankwitz⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Contact: richhabitspodcast@gmail.com 

Chris Holman welcomes Ruben Williams, MSU Grad project manager, at Homechow - his former company North Star Environmental along with Gabriel "Gabe" Ankamafio CEO at Homechow Food Service, Rochester, NY. Tell us a bit about Homechow? You're introducing a groundbreaking concept to Michigan entrepreneurs? Passive Revenue with a Hot Twist, tell us about that? Strategic Placement for On-the-Go Convenience, enlighten us? Sounds like Affordable Entry into the Hot Meal Franchise, what else should we know? More details were shared through a release Homechow Food Service, the leading provider of freshly made hot food meal-pack vending kiosks, proudly announces its strategic initiative to grow and expand its business through a groundbreaking Non-Operational Franchisee Partnership (NFP). Homechow, headquartered in Rochester, New York, is renowned for its fresh, hot, ready-to-eat out-of-the-box meal pack self-service. The company's latest venture into the NFP space marks the introduction of the first-of-its-kind passive revenue-generating food business franchise, offering unprecedented opportunities for individuals to participate in the thriving food industry without the burdens of day-to-day operations. With Homechow managing the patented kiosk, handling daily meal-pack stocking, maintaining the kiosk units, and overseeing marketing and sales activities, franchisees can enjoy the benefits of ownership without the need for direct involvement in business operations. The NFP owners can conveniently cash out their daily sales electronically through the user-friendly Homechow app. One of the key advantages of this innovative franchising model is the ability for franchisees to own multiple unit kiosks, enhancing daily passive revenue from strategically placed kiosk units. These units are strategically located in high-traffic areas where customers' daily lives intersect, including office lunchrooms, entertainment centers, schools, hospital dining areas, airports, convenience stores, and various other locations frequented by individuals seeking on-the-go meals. Homechow Food Service is proud to offer this unparalleled non-operational franchising food kiosk business at an attractive entry cost of $25,000. The company has partnered with Rustwood Capital to provide small business loans to potential franchisees eager to seize the opportunity to own their own food franchise without the usual operational challenges. "With the current low entry cost and easy access to financing through Rustwood Capital, there's never been a better time to venture into the food industry without the additional headaches associated with business ownership," said Gabriel Ankamafio, CEO at Homechow Food Service. “With such an excitingly new foodservice franchising model, franchisees will take advantage of owning multiple Homechow's kiosks and that's exactly the reason we're getting in early to provide the financing service to accelerate this for franchisee partners. It is deemed to be one of the best passive income generators . We have had enormous success funding small businesses and growing as they grow. We are excited for what's to come as Homechow scales nationwide.” - Sandeep Singh, CEO of Rustwood Capital For more information about Homechow Food Service's non-operational franchising opportunities, please visit https://homechow.co/own-a-kiosk or visit the listing on BizBuySell. Forinquiries, contact Homechow via email at customer@homechow.co or call at 747-243-7278. Learn more at https://homechow.co/. » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/

On the version of Hot off the Wire posted Feb. 10 at 6 a.m. CT: Millions of Americans will find something to be excited about when it comes to Super Bowl Sunday. That’s before even factoring in the influence of Taylor Swift. Four in 10 U.S. adults are extremely or very excited for at least one part of the Super Bowl day’s festivities. That could be the game, commercials, halftime show or the Puppy Bowl, according to a new poll from The Associated Press-NORC Center for Public Affairs Research. The Kansas City Chiefs will play the San Francisco 49ers in Las Vegas. A total solar eclipse is coming to North America. On April 8, the sun will pull another disappearing act across parts of Mexico, the United States and Canada, turning day into night for as much as 4 minutes, 28 seconds. That's twice as long as the total solar eclipse that darkened U.S. skies in 2017. This eclipse will take a different and more populated route, entering over Mexico's Pacific coast, dashing up through Texas and Oklahoma, crisscrossing the Midwest, Mid-Atlantic and New England, before exiting over eastern Canada into the Atlantic. There won’t be another U.S. eclipse, spanning coast to coast, until 2045. NEW YORK (AP) — Noticeable pockets of Americans — renters, and lower- and middle-income borrowers — are running up their credit cards balances, and increasing numbers are falling behind on their debts. It’s the latest sign that while the U.S. economy is broadly healthy, the last two years of inflation have sapped much of the savings of vulnerable Americans, possibly leading to further deterioration of their financial health this year. The credit rating company Moody’s says credit card delinquency and charge-off rates are well above 2019 levels. They're expected to keep climbing. Americans held more than $1.05 trillion on their credit cards in the third quarter, a historic high, and the average credit card rate is the highest it's ever been since the Fed started tracking the data. PHOENIX (AP) — For months after George Floyd was killed by police in May 2020, people from around the world traveled to the site of his murder in Minneapolis and left signs, paintings and poems to memorialize the man whose death reignited a movement against systemic racism. Now hundreds of those artifacts are being displayed at an exhibit at the Arizona State University Art Museum. It’s the first time the work is on public display outside of Minnesota. Paintings of Floyd and poems written about him stand on easels throughout the exhibit, while protest signs made from paper plates and reused cardboard cover the walls. Some visitors were moved to tears as they moved through the exhibit. NEW YORK (AP) — Small business acquisitions were up and down last year, reflecting the increase in interest rates that threw a chill into the market. But a strong fourth quarter, helped by a signal from the Federal Reserve that it was done raising interest rates, could bode well for 2024. Overall, the number of small business acquisitions were largely unchanged in 2023, according to business marketplace BizBuySell’s Insight Data, which tracks and analyzes U.S. business-for-sale transactions. A total of 9,093 businesses were reported sold on BizBuySell in 2023, up less than 1% from the 9,054 businesses sold in 2022. People do not need to wear lead aprons or thyroid collars when getting X-rays at the dentist. That's according to the American Dental Association. The new recommendation is just that, however. State rules may dictate if people have to wear the aprons, and some states still require them. Experts say there needs to be more education on the safety and risks of X-rays to broadly change minds about the aprons. COLUMBIA FALLS, Maine (AP) — A family with an audacious plan to build the world’s tallest flagpole as a centerpiece for a billion-dollar project honoring veterans is abandoning the idea. An attorney said Friday that the Worcester family won’t pursue the flagpole project in Washington County or elsewhere. Instead they will look for other ways to honor veterans. The plan has divided the town of Columbia Falls, population 485. Residents are preparing to vote next month on proposed ordinances governing large-scale developments. A town select board member says a flagpole stretching 1,461 feet skyward wouldn’t meet the proposed ordinances’ height restrictions. CAPE CANAVERAL, Fla. (AP) — Astronomers are reporting the best evidence yet of a vast, young ocean beneath the icy exterior of Saturn's Death Star-looking mini moon. The French-led team based its findings Wednesday on observations by NASA's former Cassini spacecraft. By analyzing changes in Mimas' orbit and rotation, the scientists have concluded that the frozen crust hides an ocean that's only 5 million to 15 million years old. The findings open up the possibility of water — and life — at seemingly sterile moons. COOKE CITY, Mont. (AP) — The day after a Minnesota man survived an avalanche while snowmobiling in Montana's backcountry, government forecasters posted details of the near-tragedy as yet another cautionary tale. Avalanche safety specialists say their job has become more difficult in recent years as the number of skiers and snowmobilers visiting backcountry areas surges after the pandemic. Shifting weather patterns due to climate change further complicate safety efforts, and four people already have died this year in snowslides in Wyoming, Colorado, Idaho and California. Despite the growing risks, the U.S. avalanche death rate has stayed relatively constant in recent years. Experts attribute that to better forecasting and more people educating themselves about the dangers in the mountains. —The Associated Press About this program Host Terry Lipshetz is managing editor of the national newsroom for Lee Enterprises. Besides producing the daily Hot off the Wire news podcast, Terry conducts periodic interviews for this Behind the Headlines program, co-hosts the Streamed & Screened movies and television program and is the former producer of Across the Sky, a podcast dedicated to weather and climate. Lee Enterprises produces many national, regional and sports podcasts. Learn more here.

Luis Aguilar found a $1.5m SDE commercial laundry business on BizBuySell, then a second acquisition followed quickly. Topics in Luis's interview:Geographical search in FloridaWorking with SIG (Search Investment Group) to raise capitalPitching investors and overcoming rejectionNegotiating a dead deal back to lifeAcquiring a linen rental businessSecond order effects of raising employee wagesLearning all the jobs in the businessMental weight of being the chief decision makerDoing a second big acquisition in the first yearIncreasing profit in both businessesReferences and how to contact Luis:LinkedInBook your free tax strategy session for business buyers today:Steed - book your free sessionLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

Pat Lazure explains why Flavor-Crisp, a food product business that uses co-packers, was such a great business to buy. Topics in Pat's interview: Doing a “spouse-funded” search Starting a shear-sharpening business while searching Growth, churn, & margins in his shear-sharpening business Why he wanted to buy  a breading and batter mix company so badly Similarities between food businesses & dropshipping businesses The role of co-packers in the food industry Challenges & risks in his food business Psychology of having an SBA loan Reflections on owning 2 small businesses The value of BizBuySell's Insight Report References and how to contact Pat: LinkedIn Rock Paper Shears Flavor-Crisp Learn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with A-players who can run your business remotely:More StaffingConnect with Acquiring Minds: See past + future interviews on the YouTube channel Connect with host Will Smith on LinkedIn Follow Will on Twitter

SEGMENT‌ ‌1 with Lindsey Day and Mark Williamson,‌ ‌‌starting‌ ‌at‌ ‌0:00‌:‌ ‌ ‌Transactions within the small business sector have been prevalent in 2023. According to the latest BizBuySell's Insight Report, small business acquisitions increased by 2% in Q3 2023 compared to last year. What other small business acquisition trends took shape in 2023, and what should small business owners looking to sell their business think about in 2024?SEGMENT‌ ‌2 with Cathy Christen,‌ ‌‌starting‌ ‌at 16:45‌:‌ ‌I know this may not surprise you, but women are still at a disadvantage in the workplace when it comes to raises and promotions as well as getting loans or getting financing. Why are women still at a disadvantage, and what can be done about it?--Visit Barry's Blog for complete show notes.The Small Business Radio Show is sponsored by AnswerConnect. AnswerConnect provides around-the-clock customer service support. Your customers are guaranteed to reach a real person every time they call. Get 50% off three months of their best value planThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3306444/advertisement

In today's episode, we're unveiling the top resources for finding your dream business to buy, and you won't believe how accessible it is!

In today's episode, we're unveiling the top resources for finding your dream business to buy, and you won't believe how accessible it is!

Question: I want to start my own business but I don't know where to start. Can you help, Beau? Thank you, Jesse If you'd like to meet with Beau to talk financing, book a call here ( http://bookwithbeau.com/ )

***New Video Alert! Do you love statistics? I love statistics too. This week, I review the BizBuySell 2023 Q3 Insights Report and let you know what I think. The new video is here: https://youtu.be/9zoeUaR_gPw Cheers See you over on YouTube David C Barnett

In this episode of The New 1% Podcast, host Timmy Douglas shares a strategic approach to purchasing a business that generates $179,000 in annual cash flow for an investment of only $25,000. Reel: Timmy starts the episode by directing listeners to BizBuySell.com and introducing them to a specific opportunity: a massage school in the DFW area. He highlights the importance of assessing competition and demand while considering the business's positioning in the market. Key Steps: Timmy outlines the key steps involved in this business acquisition strategy: Clarify Competition and Demand: Evaluate the level of competition in the area and understand the demand for the business's services. Timmy provides practical tips for gauging these factors. Assess Expenses: Timmy emphasizes the importance of examining the business's expenses, especially when the cash flow seems unusually high relative to the purchase price. He suggests potential ways to differentiate the offer. Underwrite with Your Team: Timmy advises assembling a team, including an accountant, lawyer, equity partner, and possibly a due diligence company, to thoroughly underwrite the deal. Differentiate the Offer: Timmy discusses how you can stand out by helping massage therapists with lead generation once they graduate from your school. This added value can make your offer more appealing. Podcast: Throughout the episode, Timmy addresses listener questions, such as how to clarify competition and gauge demand, what to look for in expenses, and how to differentiate the offer effectively. He also explores ways to help massage therapists succeed in their careers and make money beyond just becoming massage therapists. Listeners will gain valuable insights into this unique business acquisition opportunity and learn how to approach similar deals successfully. Join The New 1% soft launch team at workwithtimmydouglas.com This is for the people looking to buy a business at some point, but not in the next 12-24 months. The impact here is in spreading the word until you can commit to doing the work Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology. If you're looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you'll get the following for FREE access to a list of Private money partners for buying businesses that I'm building a due diligence checklist a community of people committed to buying businesses essential contacts in major cities for due diligence FREE Courses on how I would do my proprietary search and build my private money partner list. --- Support this podcast: https://podcasters.spotify.com/pod/show/timothy-douglas0/support

In this episode of The New 1% Podcast, host Timmy Douglas shares a strategic approach to purchasing a business that generates $179,000 in annual cash flow for an investment of only $25,000. Reel: Timmy starts the episode by directing listeners to BizBuySell.com and introducing them to a specific opportunity: a massage school in the DFW area. He highlights the importance of assessing competition and demand while considering the business's positioning in the market. Key Steps: Timmy outlines the key steps involved in this business acquisition strategy: Clarify Competition and Demand: Evaluate the level of competition in the area and understand the demand for the business's services. Timmy provides practical tips for gauging these factors. Assess Expenses: Timmy emphasizes the importance of examining the business's expenses, especially when the cash flow seems unusually high relative to the purchase price. He suggests potential ways to differentiate the offer. Underwrite with Your Team: Timmy advises assembling a team, including an accountant, lawyer, equity partner, and possibly a due diligence company, to thoroughly underwrite the deal. Differentiate the Offer: Timmy discusses how you can stand out by helping massage therapists with lead generation once they graduate from your school. This added value can make your offer more appealing. Podcast: Throughout the episode, Timmy addresses listener questions, such as how to clarify competition and gauge demand, what to look for in expenses, and how to differentiate the offer effectively. He also explores ways to help massage therapists succeed in their careers and make money beyond just becoming massage therapists. Listeners will gain valuable insights into this unique business acquisition opportunity and learn how to approach similar deals successfully. Join The New 1% soft launch team at workwithtimmydouglas.com This is for the people looking to buy a business at some point, but not in the next 12-24 months. The impact here is in spreading the word until you can commit to doing the work Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology. If you're looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you'll get the following for FREE access to a list of Private money partners for buying businesses that I'm building a due diligence checklist a community of people committed to buying businesses essential contacts in major cities for due diligence FREE Courses on how I would do my proprietary search and build my private money partner list. --- Support this podcast: https://podcasters.spotify.com/pod/show/timothy-douglas0/support

In this episode of The New 1% Podcast, Timmy Douglas presents a concise blueprint for acquiring a business generating $446,000 in annual profit with an investment of only $135,000 in just 4-6 months. Reel: Timmy introduces the episode by highlighting the incredible opportunity to purchase a profitable business with a relatively small investment. Segment 1 - Scour Bizbuysell.com: Timmy advises visiting Bizbuysell.com and searching for a commercial landscaping company in Harris County. He stresses the importance of examining client diversity and questioning the business's growth limitations. Segment 2 - Embrace Simplicity and a Team: Timmy discusses the value of a simple business model and an existing team, both of which contribute to potential success. Segment 3 - Assemble Your Underwriting Team: Timmy emphasizes networking and collaborating with professionals such as accountants, lawyers, and equity partners to aid in the underwriting process. Segment 4 - Seal the Deal: Timmy encourages listeners to purchase the business, anticipating profit while gaining valuable experience. Podcast - Segment 5 - Key Considerations: Timmy explores the significance of a diverse client base and delves into the business's culture, accompanied by an Oppdrive story illustrating effective work incentives. Podcast - Segment 6 - The Value of Simplicity and a Strong Team: Timmy elaborates on the benefits of a well-functioning team and managing a simple business. Podcast - Segment 7 - Networking Insights: Timmy offers valuable networking tips, including connecting with professionals on LinkedIn and seeking resources for self-education, illustrated with a personal story. By following these steps and Timmy's insights, listeners can swiftly acquire a profitable business, turning a $135,000 investment into substantial annual profit within a few months. Join The New 1% soft launch team at workwithtimmydouglas.com This is for the people looking to buy a business at some point, but not in the next 12 months. The impact here is in spreading the word until you can commit to doing the work Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology. If you're looking to buy a business in the next 12 months, DM me and join the hard core launch team, limited to 100 people! Here you'll get the following for FREE access to a list of Private money partners for buying businesses that I'm building a due diligence checklist a community of people committed to buying businesses essential contacts in major cities for due diligence. --- Support this podcast: https://podcasters.spotify.com/pod/show/timothy-douglas0/support

In this episode of The New 1% Podcast, Timmy Douglas presents a concise blueprint for acquiring a business generating $446,000 in annual profit with an investment of only $135,000 in just 4-6 months. Reel: Timmy introduces the episode by highlighting the incredible opportunity to purchase a profitable business with a relatively small investment. Segment 1 - Scour Bizbuysell.com: Timmy advises visiting Bizbuysell.com and searching for a commercial landscaping company in Harris County. He stresses the importance of examining client diversity and questioning the business's growth limitations. Segment 2 - Embrace Simplicity and a Team: Timmy discusses the value of a simple business model and an existing team, both of which contribute to potential success. Segment 3 - Assemble Your Underwriting Team: Timmy emphasizes networking and collaborating with professionals such as accountants, lawyers, and equity partners to aid in the underwriting process. Segment 4 - Seal the Deal: Timmy encourages listeners to purchase the business, anticipating profit while gaining valuable experience. Podcast - Segment 5 - Key Considerations: Timmy explores the significance of a diverse client base and delves into the business's culture, accompanied by an Oppdrive story illustrating effective work incentives. Podcast - Segment 6 - The Value of Simplicity and a Strong Team: Timmy elaborates on the benefits of a well-functioning team and managing a simple business. Podcast - Segment 7 - Networking Insights: Timmy offers valuable networking tips, including connecting with professionals on LinkedIn and seeking resources for self-education, illustrated with a personal story. By following these steps and Timmy's insights, listeners can swiftly acquire a profitable business, turning a $135,000 investment into substantial annual profit within a few months. Join The New 1% soft launch team at workwithtimmydouglas.com This is for the people looking to buy a business at some point, but not in the next 12 months. The impact here is in spreading the word until you can commit to doing the work Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology. If you're looking to buy a business in the next 12 months, DM me and join the hard core launch team, limited to 100 people! Here you'll get the following for FREE access to a list of Private money partners for buying businesses that I'm building a due diligence checklist a community of people committed to buying businesses essential contacts in major cities for due diligence. --- Support this podcast: https://podcasters.spotify.com/pod/show/timothy-douglas0/support

In this episode of The New 1% Podcast, Timmy Douglas lays out an audacious challenge: acquire a business generating $2.6 million in annual profit with a $2.4 million investment within the next 90 days. Here's a concise breakdown of the key steps: Reel: Timmy presents the challenge of acquiring a $2.6 million annual profit business within 90 days through BizBuySell.com, focusing on an Education/B2B Training Business designed to help entrepreneurs reach $1 million in a year. Segment 1 - Opportunity Assessment: Identify red flags and strengths within the target business. Look for recurring revenue models, like a $500/month subscription for community access. Segment 2 - Build Your Team: Assemble a team of experts, including an accountant, lawyer, and possibly a third-party due diligence company, to conduct a thorough assessment. Segment 3 - Find an Equity Partner: Network relentlessly within acquisition entrepreneur communities, utilize social media platforms, and pitch to private equity groups to secure a $2.4 million equity partner. Segment 4 - Asking the Right Questions: Evaluate the business by asking essential questions, including the product, target market, pain points, and growth potential. Segment 5 - Red Flags and Considerations: Watch out for red flags like a low selling price and an owner's exit strategy when a management team is in place. Assess company culture and the executive team's proficiency. Segment 6 - Adding Value: Explore avenues to add value to the business, such as incentivizing referrals, creating organic content, and introducing a business buying angle for growth through acquisitions. This episode offers a concise roadmap for entrepreneurs and investors eager to embark on a swift journey to acquire a thriving business with Timmy's strategic approach and insights as their guide. Join The New 1% soft launch team at workwithtimmydouglas.com This is for the people looking to buy a business at some point, but not in the next 12 months. The impact here is in spreading the word until you can commit to doing the work Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology. If you're looking to buy a business in the next 12 months, DM me and join the hard core launch team, limited to 100 people! Here you'll get the following for FREE access to a list of Private money partners for buying businesses that I'm building a due diligence checklist a community of people committed to buying businesses essential contacts in major cities for due diligence. --- Support this podcast: https://podcasters.spotify.com/pod/show/timothy-douglas0/support

In this episode of The New 1% Podcast, Timmy Douglas lays out an audacious challenge: acquire a business generating $2.6 million in annual profit with a $2.4 million investment within the next 90 days. Here's a concise breakdown of the key steps: Reel: Timmy presents the challenge of acquiring a $2.6 million annual profit business within 90 days through BizBuySell.com, focusing on an Education/B2B Training Business designed to help entrepreneurs reach $1 million in a year. Segment 1 - Opportunity Assessment: Identify red flags and strengths within the target business. Look for recurring revenue models, like a $500/month subscription for community access. Segment 2 - Build Your Team: Assemble a team of experts, including an accountant, lawyer, and possibly a third-party due diligence company, to conduct a thorough assessment. Segment 3 - Find an Equity Partner: Network relentlessly within acquisition entrepreneur communities, utilize social media platforms, and pitch to private equity groups to secure a $2.4 million equity partner. Segment 4 - Asking the Right Questions: Evaluate the business by asking essential questions, including the product, target market, pain points, and growth potential. Segment 5 - Red Flags and Considerations: Watch out for red flags like a low selling price and an owner's exit strategy when a management team is in place. Assess company culture and the executive team's proficiency. Segment 6 - Adding Value: Explore avenues to add value to the business, such as incentivizing referrals, creating organic content, and introducing a business buying angle for growth through acquisitions. This episode offers a concise roadmap for entrepreneurs and investors eager to embark on a swift journey to acquire a thriving business with Timmy's strategic approach and insights as their guide. Join The New 1% soft launch team at workwithtimmydouglas.com This is for the people looking to buy a business at some point, but not in the next 12 months. The impact here is in spreading the word until you can commit to doing the work Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology. If you're looking to buy a business in the next 12 months, DM me and join the hard core launch team, limited to 100 people! Here you'll get the following for FREE access to a list of Private money partners for buying businesses that I'm building a due diligence checklist a community of people committed to buying businesses essential contacts in major cities for due diligence. --- Support this podcast: https://podcasters.spotify.com/pod/show/timothy-douglas0/support

Have you considered buying a business or selling your current business? Now may be the right time. Take a listen to this episode of Paychex THRIVE, a Business Podcast, as host Gene Marks talks with Bob House of BizBuySell about what you should know about the current market and how to go about buying – or selling—a business today. Topics Include: 00:00 – Episode preview 00:32 – Welcome, Bob House 01:36 – Introduction to BizBuySell 02:23 – What is the CoStar Group 03:33 – What BizBuySell offers 05:38 – Unique business offerings 07:41 – State of the market 09:34 – Impact of interest rates and financing 12:31 – Advice BizBuySell offers business sellers 14:21 – Influence of seller once business is sold 15:40 – Employee ownership plans 17:00 – Tax incentives for buying and selling businesses 20:05 – Ease of buying a business today 21:34 – Asset transactions 23:17 – Thoughts on multipliers 25:05 – Hot industries for those buying businesses 27:32 – Business broker 30:13 – Wrap up Have a guest or topic you'd like to suggest for the show? Submit your ideas here. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.  

In this episode of "Defenders of Business Value," your host, Ed Mysogland, delivers a concise yet information-packed exploration of market analysis. Responding to feedback from our engaged audience, Ed delves into the current market landscape, catering to the curiosity of business sellers eager to gain deeper insights into market trends. Join us for this brief but enlightening discussion as we unravel the mysteries of the market to empower your business decisions. Don't miss out on this valuable episode! ************ About the Show The Defenders of Business Value Podcast combines nearly 31 years of valuation and exit planning expertise working with business owners. Ed Mysogland has a mission and vision to help business owners understand the value of their business and make it a salable asset. Most of the small business owner's net worth is locked in the company, and to unlock it, a business owner has to sell it. Unfortunately, the odds are against business owners that they won't be able to sell their companies because they don't know what creates a saleable asset. Ed interviews experts who help business owners prepare, build, preserve, and one-day transfer value with the sale of the business.   ************ For past guests, please visit https://www.defendersofbusinessvalue.com/ Follow Ed: Connect on LinkedIn: https://www.linkedin.com/company/defenders-of-business-value Twitter: https://twitter.com/sellabizpod Instagram: https://www.instagram.com/defendersofbusinessvalue/ Facebook: https://www.facebook.com/bvdefenders

According to BizBuySell's Insight Report, a leading resource that tracks and analyzes businesses-for-sale, the number of business acquisitions grew in Q1, 2023 by 4.8% over the prior quarter. And while this bounce follows three consecutive declines, the market of buying and selling businesses has almost reached pre-pandemic levels. Whether you are buying a business or selling a business, value matters. So for this small business matter, we will be speaking with Rich Goeldner. He's an Accredited Senior Appraiser who has provided valuation advisory services since the early '90s, and he specializes in the valuation of privately-held companies and intangible assets. His writings on business valuation issues have been published in local business journals and the Business Valuation Review and cited in valuation textbooks and courses. For any resources mentioned on the show today, visit our show notes over at experian.com/smbmatters.    Want to help us grow? Drop us an honest review and rating on whichever platform you are listening on.   FOLLOW US   Twitter Instagram Facebook Pinterest LinkedIn YouTube  

How Austin Smoak raised money from investors to buy a very profitable roofing business that he found on BizBuySell. Topics in Austin's interview: How Goldman Sachs prepared him for business ownership Passively owning franchises Why he recommends local brokers over proprietary search Finding “business-buyer fit” His plan to scale via roll-up His philosophy on change management Pros and cons of being funded by a family office The scope of his residential roofing business The roofing industry in Florida How he uses digital marketing Links and how to contact Austin: LinkedIn Grove Oaks Capital Axial Why Should White Guys Have All the Fun?: How Reginald Lewis Created a Billion-Dollar Business Empire by Reginald Lewis and Blair S. Walker Get a complementary pre-acquisition HR & PEO review for your target business:Contact mark@aspenhr.com or visit Aspen HR Get complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds: See past + future interviews on the YouTube channel  Connect with host Will Smith on LinkedIn  Follow Will on Twitter

Tyler O'Connor bought a 20-year-old golf school he found on BizBuySell doing mid-7 figures with 35% margins. Topics in Tyler's interview: Why Tyler decided to buy a business How he got his wife on board with buying a business The two books he recommends to every searcher Why he decided against buying a “boring” business The one worry that kept him up at night Why he had to decline an investor at the last minute Why he bought his first LOI: Bird Golf Academy His advice about who to invest with Why he prefers older employees in his business The perks of owning a golf business Links & how to contact Tyler: Bird Golf Academy Bruce Marks HBR Guide to Buying a Small Business Pursuant Capital Bootcamp tyler@birdgolf.com LinkedIn Twitter Learn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabOverhaul your website with ongoing support & unlimited edits, all for a flat monthly fee:EversiteConnect with Acquiring Minds: See past + future interviews on the YouTube channel Connect with host Will Smith on LinkedIn Follow Will on Twitter

Are you looking to purchase a Franchise for sale? Do you want something better than a new build in 2023? Existing Franchises have established customer bases, inventory and business processes, making it easier to manage operations and maintain profitability. Additionally, they often come with their own set of challenges that can be tackled more easily with a seasoned team already in place. So, franchise for sale, better than new build in 2023? Let's find out. BusinessesForSale Website: https://www.businessesforsale.com/ BizQuest Website: https://www.bizquest.com/ BizBuySell Website: https://www.bizbuysell.com/ Franchise Flippers Website: https://franchiseflippers.com/ We Sell Restaurants Website: https://www.wesellrestaurants.com/ National Franchise Sales Website: https://www.nationalfranchisesales.com/home Franchise Resales Website: https://www.franchiseresales.com/ Tired of your job? Thinking of starting or buying a business? Take our Biz Quiz to filter through over 10,000 business opportunities today! https://www.vettedbiz.com/quiz-test/ Need help finding the right franchise? Click here: https://www.vettedbiz.com/franchise-search/ 00:00 Introduction 02:06 Planet Smoothie Example 02:59 Tim Hortons, Panera Bread & KFC Prototype Locations 03:11 Taco Bell 03:30 Franchise Resale 04:01 BusinessesForSale 04:08 BizQuest & BizBuySell 04:20 Franchise Flippers 04:30 We Sell Restaurants 04:39 National Franchise Sales 04:43 Franchise Resales 04:47 Conclusion #FranchiseForSaleBetterThanNewBuildIn2023 #FranchiseFindings If you are looking for more information, you can connect with us through our networks: https://www.vettedbiz.com/ https://www.linkedin.com/company/vettedbiz/ https://www.facebook.com/vettedbiz Chick-fil-A owner operator Rob recently said this about his experience with our partner, BELAY: “I talk about my VA to other Chick-fil-A operators [because] having someone that is assisting you and helping you sort your life organizes the work you're doing. My life is different because I have [my BELAY Virtual Assistant] now." Rob's story could be your story, and it starts with one call to BELAY about their U.S.-based Virtual Assistant, Accounting, Social Media and Website services. To help you get started, BELAY is offering a free copy of its latest book, Delegate to Elevate. Click the link in the show notes to learn more: https://resources.belaysolutions.com/franchise

Chris Koerner acquired a bitcoin mining facility he found on BizBuySell for $750k and now employees 11 people. Topics in Chris's interview: Bitcoin mining 101 Challenge of finding real estate to host bitcoin miners Economics & ROI of bitcoin mining Using BizBuySell to find bitcoin mining facilities Price & deal terms to acquire a bitcoin mining facility in Texas The business of hosting bitcoin miners Why it's difficult to buy miners The business of reselling bitcoin miners How the crypto winter has affected profitability Crazy story of partnering with the late John McAfee Links & how to reach Chris: Mining Syndicate (Chris's bitcoin mining facility) Video tour of Mining Syndicate Bizy John McAfee's tweet of Chris's project No BS John McAfee interview by the Australian film crew (filmed the day Chris visited) LinkedIn Get complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds: See past + future interviews on the YouTube channel Connect with host Will Smith on LinkedIn Follow Will on Twitter

Jordan Novgrod sold his house, tapped his 401k, and went all-in to buy an $800k SDE business he found on BizBuySell. Topics in Jordan's interview: Finding a great business on BizBuySell Blogging the search process Key rule of thumb on SDE Importance of buyer-seller chemistry Machine shop businesses - pros & cons Transferring key relationships post-sale Day 1 speech How Jordan built rapport with his new employees Links & how to reach Jordan: Rich Dad Poor Dad Sweaty Startup Search Investment Group (SIG) Jordan's substack: Small Business Acquisition @JordanNovgrod LinkedIn Get complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds: See past + future interviews on the YouTube channel Connect with host Will Smith on LinkedIn Follow Will on Twitter

Hi friends welcome back! This week's podcast episode is a fun one because it's another behind-the-scenes episode where we're going to dive into exactly what we are working on and give you a unique glimpse into some exciting things we each have happening in our businesses. Amelia's UpdatesA few weeks ago Amelia (and her biz partners) submitted an offer and letter of intent to purchase a motel property and finally heard back from the sellers. While it wasn't a resounding ‘YES' to their offer, the sellers did ask to sit down with them and get to know them and their businesses, and really build that ‘know, like, and trust' factor. A big part of why they want to sit down with Amelia and her team is because they've asked them to carry $1M of the down payment on a seller-financed note. This will allow them to vet them as sellers and learn about their experience and it is a great start to moving forward.Amelia found this deal by posting on a local Facebook group for investors in Des Moines, Iowa. She had a pretty graphic created depicting her exact buy-box, and what she is looking for, and very quickly a broker reached out to her. Despite it being slightly outside what she was looking for, they anticipated she might still be interested in this unique property. Amelia had previously tossed around the idea of purchasing a hotel/motel type of property so really this wasn't entirely outside her buy-box. With a higher purchase price, this 41-unit motel has a lot of potential, and she is super excited to see how this deal moves forward (knock on wood).  Grace's UpdatesGrace and Brandt are in the process of purchasing a manufacturing business, even though the purchase is moving a bit slower than anticipated. For this purchase, they agreed on a 20% down over 7 years at 4.5%. A business acquisition works a lot like a large real estate deal where you have your letter of intent and then you have to get your purchase agreement signed. They had their letter of intent signed and sent a purchase agreement approximately 30 days ago and they've heard back from their attorney that their next step is to collateralize their real estate, which they had already anticipated happening. To do this, they made a list starting with the highest equity to the lowest, prioritizing things they want to hold onto. The seller asked for 20% down so they will be financing 80% at a purchase price of $820K. To finance this purchase they are using private money, plus the money they have from cash-out refinances that have been sitting. They cashed out their 8-unit BRRR about 3 months ago and haven't used that money either, so all of this will be added to their financing. They've submitted their list and are just waiting on the response from their attorneys and they are excited to move forward!They found this deal because a few months back, Brandt expressed interest to Grace in buying something other than traditional real estate; a business. After doing some research they eventually found this manufacturing business that was up for sale on BizBuySell. With both of their backgrounds in engineering, this was a great opportunity and they jumped on it. They plan to implement better management as well as better systems and processes and make this business a long-term purchase.  Hopefully, on the next BTS episode, we both have promising updates!Do you have questions or things you'd like to hear us talk about on an upcoming episode? We would love to hear them! Just DM us on Instagram. Thanks for tuning in, we'll catch you in the next episode! Resources:Grab your spot for our retreat in Salt Lake CityConnect with Amelia & Grace on InstagramGet the book Buy Then Build by Walker DeibelFollow Codie Sanchez

If you are looking to buy a franchise on BizBuySell, there are a few key tools that you will want to use to find the right one for you. In this podcast, we will walk you through the process of finding and buying a franchise on BizBuySell. Let's get started! Tired of your job? Thinking of starting or buying a business? Take our Biz Quiz to filter through over 10,000 business opportunities today! https://www.vettedbiz.com/quiz-test/ Want to have a franchise specialist support you day-to-day in your franchise search/ analysis? Click here for more information: https://www.vettedbiz.com/franchise-search/ BELAY has helped busy leaders for more than a decade. And today, BELAY has a VIP offer exclusively for Vetted Biz podcast listeners. To claim this offer, just text FRANCHISE – that's F-R-A-N-C-H-I-S-E – to 55123, and get back to growing your business with BELAY. 00:00 Introduction 00:31 Vetted Biz 01:00 Asking Price Of A Business For Sale 01:55 How To Find Franchise Resales On BizBuySell? 03:01 Subway 04:45 Red Flag: Resale Value Midpoint 05:16 Conclusion #BuyingAFranchiseOnBizBuySell #BizBuySell #FranchiseFindings If you are looking for more information, you can connect with us through our networks: https://www.vettedbiz.com/ https://www.linkedin.com/company/vettedbiz/ https://www.facebook.com/vettedbiz https://www.tiktok.com/@businessandfranchiseinus BELAY has helped busy leaders for more than a decade. We are thrilled that Belay has joined us in this episode: https://resources.belaysolutions.com/franchise

Want to learn the secrets to business success from company owners who are not only surviving but thriving in this difficult economy? Then join award-winning entrepreneur Mike Bosma and his guests as they provide you with the insight and expertise you need to start a new business or to take your company to a whole new level. In between jobs? Why work for the boss when you can be the boss? With Bosma On Business you can be in conversation with the area's top corporate executives, community leaders and movers and shakers. The show is the ultimate business networking event and entrepreneurial incubator wrapped up in one and it's brought to you live weekly over the airwaves and through the Internet. You'll tap into a wealth of wisdom from top experts in the fields of accounting, marketing, sales, information technology, business law, human resources, corporate real estate, banking and so much more. If you're doing business in Northern Nevada or have the entrepreneurial itch, then plan on joining us on News Talk 780 KOH every Saturday morning at 10 a.m. With Mike Bosma, the Pied Piper of entrepreneurial excellence leading the way, we're Getting Northern Nevada…Back to Business.See omnystudio.com/listener for privacy information.

There are a few ways to sell your business: you can sell to a family member or your employees or managers. But what if none of your family members want to take over your business? What if your managers don't feel ready to take an entrepreneurial role? In that case, you may want to sell your business to an open market. Just like other exit strategies, selling your company to an open market comes with blindspots that every business owner should be wary of.   In this episode, I discuss the three common exit planning blindspots every business owner needs to consider when selling their business to an open market. I explain why many business owners are unsatisfied with the sale of their business and how to avoid renegotiating against yourself. I also reveal how a business advisor can help you manage your time and maximize value when selling your company.   “Selling your business to a third party has the highest value ceiling among all the exit strategies.” -  Justin Goodbread   This week on the Financially Simple Experience:   Some surprising M&A statistics in Q2 2022 How to avoid being unhappy with the sale of your business Dealing with the financial side of transitioning your business to an open market Why entrepreneurs don't get to sell their businesses for a high price How much time to invest in selling your company to an open market Avoiding renegotiating against yourself Tax issues you have to consider when selling your business to an open market   Resources Mentioned:   BizBuySell   Our Favorite Quotes:   “If you build your business to have best-in-class value, it'll shine like a lighthouse—a beacon to buyers who have a hard time finding the right business they want to buy.” - Justin Goodbread “When selling a business, there's a tax landmine that you have to navigate through—and you want to navigate it before you have your letter of intent signed.”  - Justin Goodbread “Exit planning isn't for the faint of heart. Building value in your company to create a business that's worth selling takes hard work and somebody in your corner that helps you to be better.” - Justin Goodbread   About The Financially Simple Podcast If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you've come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business to prepping it for sale, to growing your personal wealth. Justin's combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey.  If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/ Connect with Justin: Financially Simple newsletter Facebook LinkedIn Twitter Subscribe Here: Apple Podcast Spotify Google Podcast iHeart Radio Stitcher Let us know your thoughts about the show - please leave a review on iTunes to help others discover the podcast.   Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).   This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Statements made in this podcast are subject to change without notice. Neither WBA, WSP or their representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Statements made in the podcast are not to be construed as legal or accounting advice or as personalized advice of any nature. Listeners should conduct their own review of any statements made or strategies discussed and exercise judgment or consult with their own professional advisor to see how the information contained in this podcast may apply to their own circumstances.

Host Greg Mohr brings guest Nichja Yeaman on this episode to wrap up another successful month on Franchise Maven Podcast and to talk to you about what BizBuySell has to offer YOUR business, whether you're a fresh entrepreneur or a franchise veteran. Learn about their multi-leveled web platform, filled with paid and free resources for generating top leads and greater exposure. Whether you're on the buying side or the selling side of business, Greg personally recommends this source to you–find out why today! 3 Key TakeawaysYou don't have to be a long-time entrepreneur to benefit from BizBuySell's lead resources. BizBuySell consists of multiple tiers of assistance, many of which contain free resources, so you can get help advertising in a way that works for YOUR franchise, specifically. Start simplifying your ads. You're not trying to sell them right there. Just get them to the selling page. ResourcesWebsite: bizbuysell.comContact Nichja directly: nyeaman@bizbuysell.com Nichja's LinkedInAbout Nichja YeamanNichja is an Advertising Solutions Specialist at BizBuySell. At BizBuySell, they believe that small businesses can change people's lives, so buying and selling businesses should be easy! Their online marketplace enables business buyers and sellers to connect more efficiently than ever before. They are the Nation's largest, most heavily trafficked business for sale website. Please reach out to Nichja if you would like to advertise with them!

There are a lot of business-for-sale websites out there, but BizBuySell is definitely one of the most popular. The site has been around for over 20 years and boasts a database of more than 50,000 businesses for sale. But BizBuySell is not so good when it comes to franchises. In this podcast, we'll explain why BizBuySell is great for buying established businesses but terrible for finding franchise opportunities. One of the main reasons BizBuySell is not a good resource for franchises is that they don't have a dedicated section for them. Franchises are lumped in with all the other businesses for sale, which makes it difficult to find what you're looking for. And even when you do find a franchise listed on BizBuySell, there's no way to filter by location, so you could be looking at businesses thousands of miles away from you. If you're interested in buying or selling a franchise, your best bet is to use a site like www.vettedbiz.com Are you thinking of buying a business? https://www.bizbuysell.com/ Would you like to own a franchise? You can find the best franchise opportunities at: https://vettedbiz.com/ 00:00 Introduction 01:40 Businesses & Franchises for Sale on BizBuySell 02:11 Liberty Tax Franchise 02:27 Website Navigation 03:21 Popeyes Franchise 03:54 7 Eleven Franchise 04:33 Smoothie Franchise 05:33 Bubble Tea Franchise 05:45 Donut Shop and Bakery 06:08 Transition in Ownership 07:08 Buying a Business Varies Depending on the State 08:20 Vetted Biz Franchise Listings 08:41 Why BizBuySell show only a few franchise opportunities? 10:05 Are these really franchise opportunities? 11:20 Cruise Planners Franchise 12:24 Conclusion #BizBuySell #FranchiseFindings If you are looking for more information, you can connect with us through our networks: https://www.vettedbiz.com/ https://www.linkedin.com/company/vettedbiz/ https://www.facebook.com/vettedbiz

Barbara has written a small shelf of books that help entrepreneurs -- especially small business owners -- start, grow, brand, market, and when they're ready, sell their businesses. She is the author or co-author of Small Business Marketing Kit For Dummies, Branding For Dummies, Business Plans Kit For Dummies, and the Guide to Selling Your Small Business, available for free download at BizBuySell.com, the site of the Internet's largest business-for-sale marketplace, with three million visitors a month. Her current focus is on helping small business owners capture a final round of value by selling - not closing - their businesses. From experience, she knows that most small businesses aren't in sale-ready shape when owners want out, and therefore most businesses never sell. Today she's here to talk about what a sale-ready business looks like, how to get your business in sale-ready shape, and what's involved to present the business for sale, find the right buyer, navigate and negotiate the sale process, and manage a successful owner-to-owner transition.--------------------------------------------------Contact Barbara onLinkedin: https://www.linkedin.com/in/barbarafindlayschenck/Website: bizstrong.comBook: Small Business Marketing Kit For Dummies, 3rd Editionhttps://read.amazon.com/kp/embed?asin=B008KPM5CS&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_EHZF58SYW7FGTENEAEAW&tag=how2exit-20As an Amazon Associate, I earn from qualifying purchases. Each purchase supports both the author and this podcast. If you'd like additional ways to support this podcast, you can become a patron here: https://www.patreon.com/bePatron?u=66340956----------------------------------------------------------------------------------------------------Contact me onLinkedin: https://www.linkedin.com/in/ronskelton/Twitter: https://twitter.com/ronaldskeltonFacebook: https://www.facebook.com/How2Exit----------------------------------------------------------------------------------------------------Watch it on Youtube: https://youtu.be/-8E8QWFktfI----------------------------------------------------------------------------------------------------Other interviews:Zoran Sarabaca: https://youtu.be/OLqszNP7yHYJohn Andrews: https://youtu.be/vmGWbd2y5x0Chris Daigle: https://youtu.be/jHWzFGRbpD4Arturo Henriquez: https://youtu.be/uwN7y8AE4EQJoe Valley: https://youtu.be/ZQLdybxcZKsChristopher Wick: https://youtu.be/xhIf9ltgedAJonathan Brabrand: https://youtu.be/oC82Ls54CXoCarl Allen: https://youtu.be/VIU2Lqj_FY4Klint Kendrick: https://youtu.be/eJ2GICCj2TAWalker Deibel: https://youtu.be/xoUH_Ixeook--------------------------------------------------

This week Jason Pittman, President and CEO of Exit Advisory joins Nana on Build value By Choice to discuss the newly released BizBuySell insight report ‘Small Business Acquisitions Pick Up in 2021, Beat Pre-Pandemic Levels in 4th Quarter’. KEY TAKEAWAYS Many business brokers surveyed expressed improved market conditions in 2021, with 62% reporting higher transactions than in 2020. Over half (53%) of those attributed growth to a strong demand for businesses that thrived during the pandemic. Forty-six percent (46%) experienced an increase in owners looking to sell, an encouraging stat given the lack of inventory has been the main barrier to market recovery to-date. An equal 46% experienced an increase in buyers as the Great Resignation, SBA aid programs, and low interest rates ignited demand. Over the past year, a record number of workers have left their jobs for a variety of reasons. At the same time, business ownership has been catching entrepreneurs by storm. Over 5 million entrepreneurs applied for business applications in 2021, the largest number ever recorded by the U.S. Census Bureau. At the same time, 21% of business buyers identified as being part of the great resignation and business brokers say 23% of their inquiries came from corporate refugees or newly unemployed seeking ownership. The businesses that are in demand are those in food and beverage services, or those in consumer services like car washes and auto repair. These simpler businesses are more attractive to potential buyers and in some cases have not been as impacted by the recent pandemic. The number one thing that makes a business unsellable is if the owner is the business. Is the owner doing all the work themselves? Having a team in place who will survive a transition is a much more appealing prospect than a business where their best asset is leaving. BEST MOMENTS ‘When you add it up there’s a lot of activity going on. It’s a perfect storm’ ‘There’s a lot of people with cash just looking for the right opportunity’ ‘You need to make sure the business is not too reliant on one individual’ EPISODE RESOURCES Leave a comment or question on the Build Value By Choice Facebook community page Get more resources on infhorizons.com/podcast Know Your Current Valuation: https://bit.ly/get-free-valuation https://www.linkedin.com/in/jasonleepittman/ https://www.exit-advisor.com/ Book a 30 Minute Meeting with Nana Bonsu BizBuySell Insight Report Don’t forget to subscribe to the podcast and share it. ABOUT THE GUEST Jason is the President and CEO of Exit Advisory. He is a business broker and certified value builder focusing especially on the industrials and manufacturing industries. Jason resides with his family in the Chicago suburbs, in the state of Illinois. PODCAST DESCRIPTION Hosted by Nana Bonsu of Infinite Horizons, this show aims to serve small business owners who want to grow their businesses while reducing their own personal involvement. We do this...

Krystof Bartos works in Europe and specializes in acquisitions and mergers, he is author of e-book “Survive & Thrive - 10 Very Little Known Strategies & Tactics To Sell, Turn Around And Exponentially Grow Any Business”. He joins Nana this week on Build Value By Choice to tell you about the work he does and give you valuable tips on mergers and acquisitions as someone on the other side of the table. KEY TAKEAWAYS Top 10 strategies and tactics covered in “10 Very Little Known Strategies & Tactics To Sell, Turn Around And Exponentially Grow Any Business”: Cash is king. Build a business that can thrive without you. What is your exit strategy? Use partnerships, joint ventures and acquisitions to exponentially grow your business. Use compounding in your business and bust your targets. Public markets are not only for the big companies. "New kid on a block effect" to turn around your business. Turn your bad paying customers into enormous opportunities. Success business blueprint. Don't put all your eggs in one basket. You should be thinking about your exit strategy at least three years before selling. If you’re in a position to sell your business and you haven't got an exit strategy, then you’ve fallen behind. When you’re looking to sell, do our research about what kind of offers you can expect. use online tools like BizBuySell to see the values of other similar companies and those located near you. Are you working in the business? With customers and other employees. Or are you working on the business? Growing the value of the business. If you are not an integral part of your business, your business will be more attractive to purchasers because they will not need to replace you. When comparing your business with others, don’t look at public companies. These will typically be valued a lot higher. BEST MOMENTS ‘You are selling the business not yourself’ ‘The business is the product, not the product being the business’ ‘Work on the business not in the business’ EPISODE RESOURCES Leave a comment or question on the Build Value By Choice Facebook community page Get more resources on infhorizons.com/podcast Survive & Thrive - 10 Very Little Known Strategies & Tactics To Sell, Turn Around And Exponentially Grow Any Business Krystofbartos.com Know Your Current Valuation: https://bit.ly/get-free-valuation Don’t forget to subscribe to the podcast and share it. PODCAST DESCRIPTION Hosted by Nana Bonsu of Infinite Horizons, this show aims to serve small business owners who want to grow their businesses while reducing their own personal involvement. We do this through a combination of interviews with industry leaders, and host presentations. We are certified value...

In this episode Neel and David talk about how to get started in acquiring a remote local business. While it can feel intimidating to get into the world of "buying a business" the reality is that like anything else, it's a learning curve but isn't nearly as complicated as it looks like from the outside. One of the things David, who has gone through 16 acquisitions at the time of this recording, stresses is the importance of the "investor" mindset when looking at businesses. They also discuss: Tactics for finding businesses, from BizBuySell to business brokers to FB groups to Twitter How to use your LinkedIn profile to signal you are on the lookout for deals Using a VA to create a crib sheet in a geographic area for a particular type of business acquisition The importance of creating deal flow so you can afford to be selective Enjoy the episode!

In this episode Neel and David talk about how to get started in acquiring a remote local business. While it can feel intimidating to get into the world of "buying a business" the reality is that like anything else, it's a learning curve but isn't nearly as complicated as it looks like from the outside. One of the things David, who has gone through 16 acquisitions at the time of this recording, stresses is the importance of the "investor" mindset when looking at businesses. They also discuss: Tactics for finding businesses, from BizBuySell to business brokers to FB groups to Twitter How to use your LinkedIn profile to signal you are on the lookout for deals Using a VA to create a crib sheet in a geographic area for a particular type of business acquisition The importance of creating deal flow so you can afford to be selective Enjoy the episode!

If you're looking to start a company from home, how can you set yourself up for a successful exit when the time is right? What about buying an existing company to skip the dangerous first steps in creating a business? Josh Patrick is a serial entrepreneur and advisor to private business owners. He took his first business from 1.5 people to 90 employees. He is the Founder & CEO of The Sustainable Business, a consulting organization that focuses on what it takes to create an economically sustainable business. Josh is the author of Sustainable: A Fable About Creating A Personally and Economically Sustainable Business and the new book The Sale Ready Company: What it takes to create a business someone would want to own, even if you have no intention of selling. Josh talks with Adam and Naresh about the smart way to go about buying and selling businesses in today's environment. Website: www.SustainableBusiness.co www.Stage2Solution.com www.Stage2Planning.com www.BizBuySell.com Featured Photo by Cytonn Photography on Unsplash www.WorkFromHomeShow.com

Today I want to Discuss the Barriers to Success in Closing a Business Sale Transaction. Were you aware the success rate for selling a business is very low? Data from BizBuySell, which has the largest inventory of businesses for sale on its website with 45-50,000 listings at any time, shows that in any given year only 16-18% sell. The Exit Planning Institute recently came out with an estimate that 90% of the businesses that will sell in the next 20 years do not have adequate records and are not prepared to go to market. The 3 top reasons for this dismal success record are all seller self-induced yet easily fixable, so let's get started. View the slides for this episode here.

As businesses begin to reopen, many owners may be taking a serious look at the option of selling their company and move on. So, is now, during a pandemic, a good time to look into buying? Bob House, President of BizBuySell.com, talks with Gene Marks about the potential for those looking into buying businesses, including the impact the pandemic has had on the market, which industries may be a smart bet, financing options through the Small Business Administration, and more. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.    

Whether they are looking to retire or have decided to move on from the increased complexities that have been brought on by COVID-19, there are many business owners who are considering selling. But is right now, in the middle of a pandemic, the right time to make a move? Bob House, president of BizBuySell.com and BizQuest.com says it just may be. Listen in as he talks with Gene Marks about why it may be a good time to sell, including a unique opportunity from the Small Business Administration to encourage buyers and the increased demand in essential businesses that is catching to the eye of prospective buyers. Bob also shares his advice on how to get yourself and your business ready to maximize your return and make it a smooth transfer of ownership. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Most business owners have most of their financial assets tied up in the equity of their business, which can be a dangerous approach. In today’s episode Grant reviews the importance of investing outside your business – even when it’s growing rapidly. He also talks about different tax advantaged options available and the pros & cons of each. [02:08] The familiarity bias – Grant starts the episode explaining why it’s tempting for business owners to invest extra cash in their own businesses. [04:19] Why it’s dangerous – Grant describes, with stats from Exit Planning Institute and BizBuySell, why deploying 100% of your free cash back into your business is dangerous. [09:50] Exit plan – The importance of having a business transition and exit plan. [13:36] Available options – Grant talks about what options are available to invest outside your business, starting with different types of retirement plans. [18:28] Traditional IRA – How you can invest in a traditional IRA and what taxation applies to traditional IRAs. [24:27] Roth IRA – Grant explains the features of Roth IRAs and why he’s a huge fan of Roth IRAs. [29:09] Other options – How SIMPLE-IRAs and SEP-IRAs work and things you should consider before getting into these options. [37:14] The 401(k) plan – Grant discusses qualified retirement plans & 401(k) plans. [42:00] Working with a financial adviser – Grant describes the process of working with a financial advisor to set up a retirement plan & how he works with clients at Three Oaks Capital. [46:12] Final thoughts – Grant sums up reasons to invest outside your business and the benefits from doing so.   Resources: BizBuySell 2019 Insight Report: bit.ly/2Tw63PU Exit Planning Institute: exit-planning-institute.org Exit Planning Institute Key Takeaways: bit.ly/32Ytch5 SIMPLE IRA: bit.ly/3cIHarS SEP-IRA: bit.ly/2vDwY3f Roth IRA: bit.ly/39NrIIN 401(K) Plan: bit.ly/2TMCwQV

On this episode, the following questions from listeners were answered: How to know if your business is salable Where does the market data come from Are you a target for a strategic acquisition Bonus: A listener asks if they should buy a business they found on BizBuySell.com   ************ For past guests, please visit https://www.defendersofbusinessvalue.com/dbv-podcast/ Sign up for the Legacy Exit newsletter here For show notes, go to: https://www.defendersofbusinessvalue.com/e022/ Follow Ed: Connect on LinkedIn: https://www.linkedin.com/in/edmysogland/ Twitter: twitter.com/edmyso Instagram: instagram.com/defendersofbusinessvalue Facebook: facebook.com/bvdefenders

¡Muy buenos días! Cada vez se están ejecutando más operaciones de compra y venta de negocios a precios que se están viendo incrementando en los últimos tiempos. ¿Significa que hay una buena oportunidad de negocio de la que nos podemos aprovechar? Veamos los datos del estudio de Bizbuysell y también algunos consejos a la hora de comprar un negocio. Si tienes cualquier duda o sugerencia puedes escribirme desde alvaroflecha.com Nos escuchamos mañana con un nuevo episodio, ¡un saludo!

To welcome 2019, Andrew and Jessica welcome to the podcast two influencing and inspiring men: Jim Tatem who is the President of United Franchise Group, explaining the pros of goal setting, and Bob House president of BizBuySell, talking about what kind of business activity goes on during New Year and what can be expected for 2019 related to business sales. This episode is a great way to start the year, the aim is to help you to set your business goals for the next few months for a great and profitable beginning. Happy New Year!   Listing of the week: Mike Berry (Indiana) Winery. 10-year business. Boost in revenue in the holiday season but does very well all year round. Price: $2,000,000, $600,000 in inventory. $1,000,000 additional for the property. Expected cash flow: $800,000. Email Mike mike.berry@tworld.com or call 317-564-4777.   Key takeaways: [5:11] Getting off to a great start with your New Year's resolutions. [5:57] JT talks about setting goals. [7:41] Differences between a goal setter and a goal getter. [10:30] Setting life goals. [11:45] Setting goals for the upcoming year. [12:14] Eight steps for goal setting. [17:07] Deal of the week: Marty Fishman (Fort Lauderdale) Bus Tour Business, original price: $850,000, Profit $200,000 a year. Equipment: $200,000. Pre-approved for lender financing. Messy Books and records and neglected equipment ruined the deal. Later, the parties got back in touch, the seller sold the equipment outside the deal and got $58,000. [20:16] Change of career and looking for a new job as most common New Year's resolutions. [20:33] Bob House. [20:50] How BizBuySell and BizQuest are helpful in a business for sale? [21:44] Advice to people that are looking to buy a business for the first time. [24:17] Transcendent business this last year and projects for 2019. [26:13] Industries and areas that are more active in business. [28:36] Seasonality related to goal setting. [30:21] Labor Day resolution. [30:47] Advice to sell your business. [32:03] Get your financials in order and have the right advisors. [33:41] Listing of the Week: Mike Berry (Indiana) Winery. Price: $2,000,000, $600,000 in inventory. $1,000,000 additional for the property. Expected cash flow: $800,000.   Mentioned in this Episode: United Franchise Group Transworld Business Advisors Transworld on Linkedin Transworld on Facebook Call us — 888-711-9018 Email us thedealboard@tworld.com Email JT jttatem@tworld.com BizBuySell BizQuest Insight Report Mike Berry's listing of the week

In episode #826, we discuss if you should sell your business and how. Tune in to hear what you should consider before selling your business and what steps to take in order to do so. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: How Much Is Your Business Worth (And How Do You Sell It)? [00:40] There are a couple of websites that can help you with valuation. [00:48] Digital Exits has different calculators to use. [01:07] FEInternational publishes a lot of different content. [01:25] If you want to sell your site, but aren’t sure what it’s worth, check out Empire Flippers or Flippa. [01:30] These sites will also tell you how much similar sites are worth. [02:01] BizBuySell is another great resource. [02:12] These sites have a lot of inventory you can check out. [02:30] If you have a business that’s worth any sort of money, keep in mind that there is a recession on the horizon. [02:55] Ask yourself if you want to sell at the peak and then buy back at a low point. [03:21] Adventures is a resource Eric recommends. [03:53] Ask yourself if you love your business. If you don’t see long-term potential, go find something you love instead. [04:33] Research website brokers to find the right one. [04:44] You can also find someone to run your business for you as an alternative. [05:00] That’s it for today! [05:10] Go here to see how many downloads the show is getting. Also rate and review to help us meet our goal of 1 Million downloads per month. Hopefully, we’ll see you at the live event in L.A.! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu

In episode #826, we discuss if you should sell your business and how. Tune in to hear what you should consider before selling your business and what steps to take in order to do so. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! TIME-STAMPED SHOW NOTES: [00:27] Today's Topic: How Much Is Your Business Worth (And How Do You Sell It)? [00:40] There are a couple of websites that can help you with valuation. [00:48] Digital Exits has different calculators to use. [01:07] FEInternational publishes a lot of different content. [01:25] If you want to sell your site, but aren't sure what it's worth, check out Empire Flippers or Flippa. [01:30] These sites will also tell you how much similar sites are worth. [02:01] BizBuySell is another great resource. [02:12] These sites have a lot of inventory you can check out. [02:30] If you have a business that's worth any sort of money, keep in mind that there is a recession on the horizon. [02:55] Ask yourself if you want to sell at the peak and then buy back at a low point. [03:21] Adventures is a resource Eric recommends. [03:53] Ask yourself if you love your business. If you don't see long-term potential, go find something you love instead. [04:33] Research website brokers to find the right one. [04:44] You can also find someone to run your business for you as an alternative. [05:00] That's it for today! [05:10] Go here to see how many downloads the show is getting. Also rate and review to help us meet our goal of 1 Million downloads per month. Hopefully, we'll see you at the live event in L.A.! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu

There is a lot of chatter in the personal finance world about passive income, why you need it and how great it is. But what is it and why is it such a topic of conversation? Passive income is money that you earn without doing much to make it. Some passive income ideas take a degree of upfront work to earn, like writing an e-book and some don't take any effort at all, such as investing with a robo advisor. Today we talk about what exactly passive income is and understanding the non-passive nature of building it. Full Article Here Show Notes: Seated:  You nee to use Seated to book restaurant reservations. Every time you complete a reservation, you get a gift code for up to 25% of your bill that you can use at Amazon, Uber, or Starbucks. The rewards are available within 24 hours of your completed reservation. Laura and I almost exclusively eat out with Seated because it saves us so much. Paribus: Receiving refund checks are our favorite past-time. As it turns out, stores owe you money but they don’t pay if you don’t ask. That’s where Paribus comes in – they go to bat for you. Price drop? Get cash back for the difference. Deliveries arrive later than advertised? Get cash back. Fundrise: Did you know that investors with 20% allocated to real estate outperform those who only invest in stocks and bonds? Diversify without the dramatics of actual tenants. The minimum investment is $500. Lending Club: The banks had a monopoly on personal loans until Lending Club came along. Now you can get a loan sourced from normal people. Reduce the cost of your debt and refinance. Lending Club has competitive rates and borrower benefits. Drop: Earn cash rewards from your favorite brands. Drop is the free app that's giving out millions in cash rewards for the spending you do everyday. BizBuySell: BizBuySell is the Internet's largest and most heavily trafficked business for sale marketplace, with more business for sale listings, more unique users, and more search activity than any other service. BizBuySell also has one of the largest databases of sale comparables for recently sold businesses and one of the industry's leading franchise directories.  Learn more about your ad choices. Visit megaphone.fm/adchoices

BizBuySell is the Internet's largest and most heavily trafficked business for sale marketplace, with more business for sale listings, more unique users, and more search activity than any other service. The company currently has an inventory of over 45,000 businesses for sale and more than 1.4 million monthly visits. BizBuySell also has one of the largest databases of sale comparables for recently sold businesses and one of the industry's leading franchise directories. The company was founded in 1996 and in 2012 became a division of CoStar Group, Inc. To put this into perspective, they have been around since the days of AOL, Yahoo, GeoCities, Blockbuster, Lycos, and Kodak, but are still thriving, unlike the household names that have been confined to our internet history I am intrigued about what changes they have seen in this time and how technology has transformed their world.  

Jason Hartman talks with Aaron Muller, founder of Lifestyle Business Owner Academy and owner of 8 multi-million dollar companies, about how to go about properly buying a business and what you can do to set that company up to where you don't have to work in it. Everyone dreams of making money while not being involved in their business, but the process of actually getting to that point can be intimidating. Aaron, however, has figured out a way to get out of that rut and will happily tell you how. Key Takeaways: [2:06] How to buy a good business you don't have to work in every day [6:41] What you should do as the owner to check up on your CEO after hiring [10:29] Some marketing tips to reduce your cost per lead [12:45] Where's the best place to look for a business to buy? [17:56] What do you do for the contract when you're ready to buy the business Websites: www.LifestyleBusinessOwner.com www.LBOAcademy.com www.BizBuySell.com www.BusinessBroker.net

Jason Hartman talks with Aaron Muller, founder of Lifestyle Business Owner Academy and owner of 8 multi-million dollar companies, about how to go about properly buying a business and what you can do to set that company up to where you don't have to work in it. Everyone dreams of making money while not being involved in their business, but the process of actually getting to that point can be intimidating. Aaron, however, has figured out a way to get out of that rut and will happily tell you how. Key Takeaways: [2:06] How to buy a good business you don't have to work in every day [6:41] What you should do as the owner to check up on your CEO after hiring [10:29] Some marketing tips to reduce your cost per lead [12:45] Where's the best place to look for a business to buy? [17:56] What do you do for the contract when you're ready to buy the business Websites: www.LifestyleBusinessOwner.com www.LBOAcademy.com www.BizBuySell.com www.BusinessBroker.net

Segment 1: Gelie Akhenbilt is most well-known for the vision and execution of her unique networking platform, NetworkingPhoenix, which has revolutionized the landscape of networking in Phoenix, AZ. She currently has the largest local networking community of professionals in Phoenix with over 40K members. Segment 2: Bob House is president of BizBuySell.com and BizQuest.com, the Internet's largest and most heavily trafficked business-for-sale marketplaces. Segment 3: Donato Tramuto, CEO of Tivity Health Inc. a leading provider of health and wellness programs, is an innovator and industry leader with more than 35 years of experience in healthcare. He is the author of “Life's Bulldozer Moments: How Adversity Leads to Success in Life and Business”, now in its fifth printing. Segment 4: Tom McCarthy is a peak performance coach, communications expert and the founder of the Fire Up Training System that delivers sales team transformation for exponential growth. Segment 5: Ajay Goel is the founder and developer of two companies: GMass, a mass email system for Gmail; and Wordzen, a 24-7 live editing and proofreading service for Gmail users. Sponsored by Nextiva and Finagraph

In episode #611, Eric and Neil discuss how you can improve your SEO without writing more content. Tune in to hear what steps you can take to increase site traffic without having to write new content. TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: How to Do SEO Without Writing Content [00:35] Use Google Search Console to see which pages have a high impression count, but low click-through rate. [01:01] In order to increase traffic to your site, improve your title or meta-description. [01:26] Neil’s most popular pages are the ones with a tool, his blog, and his homepage. [01:44] Whatever business you’re in, create a tool for it. You don’t have to do this from scratch! You can buy a script for what you need. [02:18] Buy other websites via BizBuySell, Flippa, or FE International. [02:49] Brian Dean runs Backlinko, has thirty-something blog posts and gets near 200,000 visitors per month. [03:05] He gets good traffic by improving his existing content. [03:33] You can generate traffic and raise your ranking by improving your website’s design. [03:37] Neil was the co-founder of Kiss Metrics and they added a lot of infographics to their site, which increased traffic. [04:01] That’s all for today! [04:04] Go to Singlegrain.com/Giveway for a special marketing tool giveaway! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu

In episode #611, Eric and Neil discuss how you can improve your SEO without writing more content. Tune in to hear what steps you can take to increase site traffic without having to write new content. TIME-STAMPED SHOW NOTES: [00:27] Today's Topic: How to Do SEO Without Writing Content [00:35] Use Google Search Console to see which pages have a high impression count, but low click-through rate. [01:01] In order to increase traffic to your site, improve your title or meta-description. [01:26] Neil's most popular pages are the ones with a tool, his blog, and his homepage. [01:44] Whatever business you're in, create a tool for it. You don't have to do this from scratch! You can buy a script for what you need. [02:18] Buy other websites via BizBuySell, Flippa, or FE International. [02:49] Brian Dean runs Backlinko, has thirty-something blog posts and gets near 200,000 visitors per month. [03:05] He gets good traffic by improving his existing content. [03:33] You can generate traffic and raise your ranking by improving your website's design. [03:37] Neil was the co-founder of Kiss Metrics and they added a lot of infographics to their site, which increased traffic. [04:01] That's all for today! [04:04] Go to Singlegrain.com/Giveway for a special marketing tool giveaway! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu

Ace bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it and seeing the benefits in buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses. Rescuing small businesses is all the rage on television, whether it’s Jon Taffer with Bar Rescue or Tabitha Coffey’s Salon Takeover. Despite the fact that none of them do it, these TV shows are fueling interest in a new trend. Move over Real Estate Flippers, Ace Chapman is building a nationwide group of business flippers. Ace bought his first business at 19 with some savings from a summer job and caught the business buying bug. He leveraged $3,000 he saved working the summer before college into buying a business for $70,000. Over the last 16 years, he has bought 40 businesses. Everything ranging from a Mortgage Company to a Clothing Retailer. And right now he is seeing an explosion in the market for businesses under $2,000,000. “There are millions of Baby Boomer business owners who will bring their business to market in the next decade so they can retire. During the recession, many baby boomers wanted to sell their company but decided to hold off until better economic times.” At the same time, many entrepreneurs are realizing the risks associated with starting from scratch are too high and are deciding to buy an existing profitable business instead. Business sales saw a spike in 2013. While we saw a 68% increase in 2013 according to BizBuySell.com, business brokers expect 2014 to be even bigger. And while private equity firms are well positioned to take advantage of this increase in inventory, very few are paying attention to what Ace calls the Micro­Private Equity Market. Ace began working with first-time business buyers of business buyers and helping them find, do due diligence, and finance small business acquisitions. “I have had a lot of people who find me and ask to invest in my deals. I’d rather show you what I am doing than take your money and have to split my returns.” What you’ll learn about in this episode: Ace’s background The story behind the 1st business that Ace bought – an internet-based business, called CoolWallStreet Why Ace targets deals under two million dollars Seeking out businesses that are already producing income What Ace looks for in businesses that he is considering buying Ace talks about his worst and best deals Finding a good business & partnering on a deal Why some of the best people to work with have a background in real estate Why you need to stay true to yourself Resources: REInvestorSummit.com/ace REInvestorSummit.com/capital REInvestorSummit.com/noteservicing REInvestorSummit.com/coaching REInvestorSummit.com/aof REInvestorSummit.com/101

In today's episode of The Art of Passive Income, Mark and Scott talk to Ace Chapman, website Ace Chapman. Ace is in the business of buying businesses. Ace is an expert when it comes to buying established businesses. In the business for 17 years now, he knows what to look for and what to stay away from. In college, on a scholarship studying political science to become an attorney, Ace fell into this business. He had reached out to some guys who owned a company for software that he was using. He discovered that were letting it go and after doing the math, he figured it was a great deal. He closed his very first deal at the age of 19. A few things to consider when buying an existing business: Get into a business that's already making money. How long has it been in business? Does it have systems and people already in place to run it? When buying a business you have to dig deep into due diligence and it's crucial that you see yourself as being in the business of buying a business. Do you have what it takes? Listen in to find out.   TIPS OF THE WEEK Mark: Learn more about Ace, go to his website Ace Chapman  Scott: Read Ace's book, The Ace Formula: How to Buy a Business Ace: Go to BizBuySell and learn from the people that have already built great businesses. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Please welcome Ace Chapman to the show today.  Ace basically bought his first business when he was only 19 years old.  A mere babe.  It was an online stock simulator called Cool Wall Street.  After selling it and seeing the benefits of buying the business over starting one, he has bought and sold over 30 businesses and helped his clients, all over the world, buy 100 businesses. Learning from Buying I’m excited about what we’re going to promise folks today because this is something that has been overlooked in the space.  Every interview I get on, people are like, “Okay, how do we buy a business?  How do I go out and buy one, or find something with some synergistic value and buy it?”  One of the keys, before you get to that point, is something that we’ve been taking advantage of for a really long time, and it’s the fact that some of the most valuable information is learned while you’re looking for potential businesses to buy.  So, we’re going to talk about the process of going to the market, seeing what’s on the market, getting prospectuses, and looking through those because you never know where you are going to find that amazing deal that you want to buy. Download the Complete PDF Show Notes Free for this Episode You always want to be in the market, looking for potential deals.  But, you’re also going to learn what other businesses around you are doing to be really successful. [bctt tweet="You’re going to learn how to take your business to a whole new level by just shopping for businesses for sale." username="danielhall"]In other words, you’re basically going to be able to educate yourself on what’s out there and what they are doing, and that way, you can take bits and pieces of what they are learning and plug it into your own business, your existing business, to make it more profitable. In this interview you will discover: How to take the info you learn about other businesses and apply it to yours Different ways of doing businesses BizBuySell.com A site where brokers and individuals go to buy businesses What to look at in a business How are they growing this business? Are they marketing it? Is it SEO? What are the products? How to research a business NDA (Non-Disclosure Agreement) Reviewing the info you find Implementation Download the Complete PDF Show Notes Free for this Episode Resources BizBuySell.com Ace's Book: The Ace Formula AceChapman.com Real Fast Results Community If you are diggin’ on this stuff and really love what we’re doing here at Real Fast Results, would you please do me a favor? Head on over to iTunes, and make sure that you subscribe to this show, download it, and rate & review it. That would be an awesome thing. Of course, we also want to know your results. Please share those results with us at http://www.realfastresults.com/results. As always, go make results happen!

In this episode, I asked Ace questions like: 05:25 Why is buying a business more profitable than building a business from scratch? 08:15 How can someone buy an existing business with no money down? 13:30 Ace describes his revenue sharing model with his clients 14:20 How can you grow a business, then sell it for maximum value? 17:00 What's one of the biggest mistakes you've ever made buying or selling a business? Resources mentioned in this episode: -The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries -Slack -LinkedIn Groups -Alvin's Favorite Books: Why Should White Guys Have All the Fun?: How Reginald Lewis Created a Billion-Dollar Business Empire Ace Chapman Links: -AceChapman.com -Ace Chapman on Snapchat: Ace.Chapman -Ace Chapman email: ace[at]acechapman[dot]com -Ace Chapman on: Instagram/Twitter - @acechapman -YouTube: search - Ace Chapman Ace Chapman's Bio Rescuing small businesses is all the rage on television. Whether it's Jon Taffer with Bar Rescue, or Tabitha Coffey's Salon Takeover. Despite the fact that none of them do it, these TV shows are fueling interest in a new trend. Move over Real Estate Flippers, Ace Chapman is building a nationwide group of business flippers. Ace bought his first business at 19 with some savings from a summer job and caught the business buying bug. He leveraged $3,000 he saved working the summer before college into buying a business for $70,000. Over the last 16 years he has bought 40 businesses. Everything ranging from a Mortgage Company to a Clothing Retailer. And right now he is seeing an explosion in the market for businesses under $2,000,000. "There are millions of Baby Boomer business owners who will bring their business to market in the next decade so they can retire. During the recession, many baby boomers wanted to sell their company but decided to hold off until better economic times." At the same time many entrepreneurs are realizing the risks associated with starting from scratch are too high and are deciding to buy an existing profitable business instead. Business sales saw a spike in 2013. While we saw a 68% increase in 2013 according to BizBuySell.com, business brokers expect 2014 to be even bigger. And while private equity firms are well positioned to take advantage of this increase in inventory, very few are paying attention to what Ace calls the Micro-Private Equity Market. Ace began working with first time business buyers of business buyers and helping them find, do due diligence, and finance small business acquisitions. "I have had a lot of people who find me and ask to invest in my deals. I'd rather show you what I am doing than take your money and have to split my returns." Since starting his network of business buyers, he has helped members close deals all over the country. From 2 Sylvan Learning Centers in Seattle, to a software company in Pittsburgh and from a fitness gym in Huntsville, to a Catholic retailer in South Dakota, these were all deals done in recent months by the network. Business buyers are attracted to buying a business instead of starting one for obvious reasons. It's easier to get financing to buy an existing business than to start a new one. Bankers and investors are more comfortable in dealing with businesses which already have proven work results. Starting a new business requires investments in a period of 3 to 6 months, and many entrepreneurs never get to the period of earning. When buying an existing business you have an idea of what your salary is going to be on day one. Business buyers do not have to go through hiring and training new employees, developing operation systems, and marketing plans. They start day one improving the business instead of building each department from scratch. Still Ace says buying a business is risky, especially if you do not know what you are doing. "Whenever you are buying a business you are looking at the past, there is no guarantee that those numbers reflect the future", says Chapman. "You should find a business broker or advisor who has your best interest at heart. The more experience you and your advisors have, the easier it is to find the hidden landmines in any business.

Ecommerce merchants run businesses that can be bought and sold. There’s a market for these businesses, and our guest today is an expert in the buying and selling of them. He’s Mike Handelsman, general manager of BizBuySell.com, a leading business-for-sale marketplace. He joins Practical Ecommerce’s Kerry Murdock.

BizIII - A Daily Podcast with Ideas Information Inspiration to help you make more money ... with Les Bain and Mike Hughes Friday, September 14th, 2007 Business Buy Sell - bizbuysell.com - is a website that can help you buy a business or sell a business. Tools include a way to get an estimate of what your business is worth. Duration: 3:45 Share This Show with a Friend Send a Story Idea to BizIII