Shows
Let’s Buy a BusinessHow to Buy a Business that Needs You with Jason CondieJason Condie went from a 7th grade Spanish teacher to owning multiple businesses in less than 3 years. He just acquired a website and digital course business that needed his skillset. We dive into... - Complete Career Transformation - Hiring the Whos and NOT learning the Hows - Motivated Sellers - Risk Tolerance - Buying a Business that needs you. Episode Resources 10 Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16...2022-05-2420 min
Let’s Buy a BusinessWhy Buy A Profitable Online Business Instead Of Starting One with Ryan Condie [Part 1]I join Jaryd Krause's podcast - Buying Online Businesses. I don't normally go on the other end and thought it would be good content and insights for you all. Part 1 - Imagine if you could skip forward 3-5 years in your online business journey, just from buying a profitable online business. Instead of spending a whole lot of time, money, effort and energy just trying to start an online business and still run the risk of it failing. You see 90% of all startups fail and Ryan Condie shares why this happens in this...2022-01-2723 min
Let’s Buy a BusinessLewis Fausett and Ryan Condie Review an off-Market eComm BrandLewis and Ryan do a deeper dive into an off-market deal. This is a great business but they don't have the right skill sets to grow it. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Lewis Fausett https://microacquire.com/ Lewis - Linkedin - https://www.linkedin.com/in/lewisfausett/ Patrick Adair Designs - https://patrickadairdesigns.com/ Lewis@fausett.management 2021-03-1923 min
Primed FatherhoodHow To Lead Without Being Forceful | Lief Condie | PF-14Lief Condie is a fantastic example of humble strength and knowledge. He has been a great leader in all areas of his life with titles like “Engineer Of The Year” for the state of Utah, Eagle Scout then Silver Beaver in Boy Scouts of America, Bishop, High Council Member and Father. He is quiet but firm, he is calculated but not slow to act. When he decides to add his opinion to the discussion people listen and learn from him. His leadership is powerful without force or ego. Listen in to today’s podcast as we discuss how to...2020-12-0340 min
Let’s Buy a BusinessChange the Terms, Not the PriceYou name the price, I'll name the terms. Sometimes you can't change the price, so change the terms instead. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 2020-11-1308 min
Let’s Buy a BusinessWhat to Look For in Amazon FBA businesses - Ty Roney InterviewThere is a lot to unpack with Amazon FBA businesses. Ty is an amazon seller expert and has helped over 100 companies launch, grow, and expand on Amazon. He jumps into what he would look for in an Amazon-only business. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Ty Roney https://www.linkedin.com/in/ty-roney/ troney8@gmail.com https://www.birdcommerce.com/ 2020-11-1122 min
Let’s Buy a BusinessSigning a Personal GuaranteePeople are scared of Personal Guarantees (PG). They should be. Let me explain why you are required to sign one. Personal Guarantees are not for everyone. Neither is buying a business, BUT you're trying to jump forward 5-10 years ahead when you buy a company. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://buythenbuild.com/personal-guarantee 2020-11-0910 min
Let’s Buy a BusinessShould I buy a House/Real Estate or a Business?Mini Episode - I get asked “Should I buy real estate or a business?” all the time. Of course I'm going to say “Buy a business!” But there are pros and cons to both and I dive into potential returns and risks in this mini rundown. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Need some help in buying a company? - https://ryanpcondie.typeform.com/to/DO0J3s45 www.letsbuyabusiness.com/consulting 2020-11-0606 min
Let’s Buy a BusinessSMB Automation + Selling His App to a Competitor - Jed Wood InterviewJed has an incredible skillset in terms of branching automation and development. He has built some great businesses off automation and algorithms. For example, he built a platform that spits out custom data based off of 100's of custom Google Docs. He also built and sold his web app years ago to a competitor he met at a trade show. Sweet interview. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Need some help buying a business? - https://ryanp...2020-11-0424 min
Let’s Buy a BusinessEverything About Using Your 401K to Buy a Business - Frank Selden InterviewWe dive into how to use your existing 401k to invest or buy a business or real estate. Fascinating topic that is incredibly complex. Frank shoots you straight here. This is known as ROBS or Rollover as Business Start-ups. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Frank Selden frank@401krobspros.com https://401krobspros.com/ http://frankseldonlaw.com/ 2020-11-0228 min
Let’s Buy a Business4 Online Business Listings I'm Looking At4 pretty solid Online Business Listings I'm looking at right now. https://www.quietlightbrokerage.com/ and https://feinternational.com/ Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 2020-10-3013 min
Let’s Buy a BusinessMailbox...How Much Money Should I Be Willing To Lose?I get asked a lot about losing money in buying a business. It’s never the goal and never a way to approach anything. Each opportunity is unique and here are a few things to think about to hedge your bets. Do a deep reflection on the following points. Risk Tolerance Size of Deal Your Current Skill Sets Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Quick survey to make the podcast better... https://forms.gle/RRcXpe3dK7pNGqv16 2020-10-2810 min
Let’s Buy a BusinessMeasuring Yourself as an Entrepreneur - Spencer FiresideSpencer and I dive into why it's so hard to measure yourself as an entrepreneur and business owner. Spencer is brilliant (that's why he's my partner, no idea why he's partnering with me) and sheds some great light on how to measure yourself and not 'compete' with someone running a different race. You take outsized risks (not getting a normal job) with the hope of the payout being 10-1000x more than if you get a 9 to 5. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com...2020-10-2618 min
Let’s Buy a BusinessHow to Save a Lot of Money When Selling Assets - Brett Swarts InterviewBrett is the host of the podcast "Capital Gains Tax Solutions" and dives into Deferred Sales Tax Trusts. Basically, he explains how you save a ton on taxes when selling assets such as businesses or real estate. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Brett Swarts www.CapitalGainsTaxSolutions.com www.ExpertTaxSecrets.com Email - Info@capitalgainstaxsolutions.com brett@capitalgainstaxsolutions.com 2020-10-2322 min
Let’s Buy a Business3 Local Businesses for SaleI dive into 3 local businesses for sale: a Woodworking shop for commercial clients, Home Hospice, and a Gas Station. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://www.thefirmadv.com/listing?id=14911 https://bit.ly/3iYrZwF 2020-10-2112 min
Let’s Buy a BusinessNikora Called Up 2 Local Competitors After Listening to an EpisodeNikora Anderson wanted to expand so he looked at 10 companies that were in a similar space locally as him. He reached out to 2 of them, both of them said they were open to connecting about selling their business. Nikora drops some great knowledge on how to approach current owners on buying their businesses. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Nikora Anderson Nikora@theazalea.net https://www.theazalea.net/ 2020-10-1926 min
Let’s Buy a Business5 Businesses I'm Looking at Right Now (4 local, 1 online)I look at 5 businesses for sale. There are some gems in here. 3 of the 5 are pretty solid businesses. **I found these by just googling "business brokers in San Diego". Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 2020-10-1618 min
Let’s Buy a Business7 Business Purchases in 10 Years - Walker Deibel Interview - Author of Buy Then BuildI talk a lot about Walker Deibel, his book, his courses. Now we have him live. Walker is a phenomenal entrepreneur and seen incredible success through his acquisitions. He also sees 100's of businesses as a lead broker for QuietLight Brokerage. Walker talks about how to stand out as a buyer, why personal guarantees are required, and how to make sure you aren't missing any pieces to the puzzle when looking at operations. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7p...2020-10-1449 min
Let’s Buy a BusinessHow We Got to 700 Retail Stores in 12 Months in a Candy StartupTake what works in other industries and apply it to a new industry. Here is how I took what worked in Software Sales and applied it to Candy, the most archaic industry around. (Alright that's debatable but it's definitely in the top 5). Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://www.bluemoosesweets.com/collections/all Code: Candy2020 2020-10-1208 min
Let’s Buy a BusinessBuying an Online Business with Jaryd KrauseJaryd Krause is a rockstar. From a plumber to a surfer and scuba instructor around the world to buy online companies. Jaryd drops some incredible knowledge and has walked the walk when it comes to acquiring online businesses. Enjoy. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jaryd Krause https://buyingonlinebusinesses.com/ https://podcasts.apple.com/us/podcast/buying-online-businesses-podcast/id1455428116 2020-10-0923 min
Let’s Buy a BusinessBuying Multi-Family with Anthony ScandariatoIt's really common to debate whether to put your money into buying a business or buying multi-family real estate. Similar structures and similar leverage. Anthony is an expert here and dives into how to find your first property and whether it's right for you. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Anthony Scandariato https://podcasts.apple.com/us/podcast/discovering-multifamily/id1506820688 http://redknightproperties.com/ A.Scandariato@redknightproperties.com 2020-10-0721 min
Let’s Buy a BusinessBuying an Online Business, Growing it and then Exit - Jennifer Anderson InterviewJennifer Anderson is a listener of the podcast. She's super cool and has a traditional career but on the other side has bought, built, and now SOLD an online business. Jennifer packs in the value and gold nuggets in this short episode. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Jennifer Anderson anderjen@umich.edu https://forms.gle/RRcXpe3dK7pNGqv16 2020-10-0523 min
Let’s Buy a BusinessPodcast Update - Where Are We Today?This podcast has been a blast. Help me make it better. Fill out this 4-5 question survey for submitting topics, guests, how can I improve it, ETC! Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 2020-10-0206 min
Let’s Buy a BusinessClarifying My Thinking and Teaching Myself Through this PodcastHow to generate more ideas and be more creative, how to formulate your own opinions, and solidify your own thinking. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-09-3006 min
Let’s Buy a BusinessGetting Out of the Short-Term Loop Survival Cycle as an Entrepreneur with TrainingMy business partner, Spencer Peterson, joined for the first time! He's a rockstar and you'll see why it's good to surround yourself with smarter people than yourself. We focus on LITT. Learn. Ideate. Test. Train. Spencer has unique ways to train and onboard employees to get out of the tasks that plague entrepreneurs. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Spencer Peterson spencerrpeterson@gmail.com https://www.loom.com/ 2020-09-2829 min
Let’s Buy a BusinessBuying a Local Business in the Worst Recession - Casey Johnson InterviewCasey walks us through how he found his local business, structuring the deal and taking over from day 1. This is an incredible interview where he bet on himself with a great business even amidst the worst recession in history. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Casey Johnson https://www.linkedin.com/in/casey-johnson-23737b8/ casey@enzoenergyservices.ca 2020-09-2525 min
Let’s Buy a BusinessDeals I'm Looking at #6 + Help Me With My SiteI jump into 5 deals, some offline, some online. Some great ones out there. ALSO, I'm looking for some help on my site http://letsbuyabusiness.com/ DM me if you have some ideas or want to help out here. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-09-2316 min
Let’s Buy a BusinessHow to Get Health Insurance as an Entrepreneur - Jason Ferguson InterviewJason Ferguson drops some truth bombs here about getting health insurance as an entrepreneur and business owner. 15 minutes of amazingness here. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Jason Ferguson Jason@fergusoninsurance.com 2020-09-2118 min
Let’s Buy a BusinessWhere and How to Find Local Businesses for SaleRyan walks through the process of finding local businesses, working with brokers, and how to stay top of mind for local business brokers. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-09-1808 min
Let’s Buy a Business4 Years to $5M Exit - Ryan Wallace InterviewRyan Wallace went from a successful Stock Broker to starting the NM Solar Group. Ups and Downs and then a $5M exit. Amazing nuggets in this story. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Ryan Wallace Ryanwallace33@gmail.com https://www.linkedin.com/in/sdryanwallace/ 2020-09-1615 min
Let’s Buy a Business1-Way Doors vs. 2-Way DoorsWhen making decisions, make the best important decision first: Decide whether it is a 1-Way Door or a 2-Way Door decision. 1-Way Doors - You can't go back. Not reversible. 2-Way Doors - You can go back. Make these fast. Speed wins. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://www.inc.com/jeff-haden/amazon-founder-jeff-bezos-this-is-how-successful-people-make-such-smart-decisions.html 2020-09-1406 min
Let’s Buy a BusinessPartnership Agreements - Spencer and I Created Our OwnWhether you have a partner or not, you need to nail down a lot of parts of the business. Operations, Roles, Funding, Debt Paydown, etc. Spencer and I created our own Partnership Agreement to make sure we are on the same page and vision of our business. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ http://letsbuyabusiness.com/2020/09/14/68-partnership-agreements-spencer-and-i-created-our-own/ 2020-09-1115 min
Let’s Buy a BusinessMy House Hit By a Tree – NEW PODCAST GOAL – 10 Listeners to Buy a Business By End of 2020Yes, my house was hit by a 40-ft Mulberry tree and they needed a $1.5M crane to lift it off my house into the street. BTW. New podcast goal. 10 Listeners to buy a business by end of 2020. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://letsbuyabusiness.com/?p=1793 2020-09-0908 min
Let’s Buy a BusinessStuck? Do thisI get stuck all the time. You eat an elephant by one bite at a time. Take a step back and plan your next moves. AND ask for help. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-09-0704 min
Let’s Buy a BusinessChoosing a Business is Choosing Which Problems you Want to SolveEvery business has problems. You need to pick which problems you want to have or want to solve. If you start with the end in mind, you can then avoid bad headaches. Knowing what problems you'll have, you can then focus your effort, hiring, and overall happiness on nailing those. THIS will save you a ton of time on your search, avoiding companies that don't fit your goals. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-09-0413 min
Let’s Buy a BusinessHow to make $500k in 4-5 yearsI got some great love and some great hate by outlining how to make $500k in 4 years. There are other ways to make that kind of money than buying a business, but I dive into the simple version here. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-09-0208 min
Let’s Buy a BusinessListener Puts an Offer on a Deal / Update on My Deal #3Jennifer is all business: she's a listener who put an offer on a business. Also, the latest with my deal. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-08-3103 min
Let’s Buy a BusinessNothing to Do with Buying a Company But It’s Everything to Do with Buying a CompanyWrite 50 things you want to do AND THEN put a price tag next to each one. You'd be shocked how inexpensive some of these things are. I spoke to a very successful individual who has seen great success at several VC-backed companies but ultimately, he just wants to live on the beach with his kids and surf. He's now pursuing buying a company because he can apply his skill sets to his own businesses and get into the lifestyle he wants. Start with the end in mind. Epi...2020-08-2808 min
Let’s Buy a BusinessOnline Deals I'm Seeing Right NowPretty stellar businesses available right now. Here is how Ryan approaches looking at and evaluating these businesses. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-08-2612 min
Let’s Buy a BusinessHow to Reach Out to Owners Directly to Buy Their CompanyHow do you reach out directly to an owner to buy their company? There is an art here, but keep in mind, this is hard to do. I've seen a lot of people do this but you can lose a lot of time and not get anywhere. HAVING said that, I still do it. Here are some tips/tricks. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-08-2414 min
Let’s Buy a BusinessRaleigh Williams Interview - Selling His Entertainment BusinessWow! This episode is so good! From Raleigh, leaving his high-paying corporate lawyer career, to grinding it out building Escape Rooms and Trampoline Parks. Raleigh talks about his exit and how to go about selling his company. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Raleigh Williams https://www.linkedin.com/in/raleigh-williams-32477042/ https://podcasts.apple.com/us/podcast/raleigh-g-audio-experience/id1463899267 raleighwilliams7@gmail.com 2020-08-2127 min
Let’s Buy a BusinessAsk for Money, You get Advice. Ask for Advice, You get MoneyRyan spoke to a few individuals who want to buy a business in 2 to 10 years. That's great, but the issue was money. You can buy a business with investors. Here are a few thoughts on raising money from someone who has never raised money. Full Disclosure. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-08-1908 min
Let’s Buy a BusinessLatest Insights on my Deal and Due DiligenceQuick update on my deal and the due diligence process AND putting together a partnership agreement. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-08-1704 min
Let’s Buy a BusinessHow to Buy a Company with a Job and KidsBuying a company while you have a job and kids and Costco bills is hard. So is life. So is going into a job you hate. You need to figure out where you can cut expenses and activities that are a waste of time. Song was the perfect example of how to stay disciplined in his search. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-08-1408 min
Let’s Buy a BusinessSong Pettus Dominates the Search and Buys a Stellar CompanySong has an incredible story of how he did his search with a full-time job in the LA region. Song had to focus on saying no to nearly everything that didn't fit his criteria while working at 6am and again from 8pm to 1am to find a company. He bought a stellar business in March in the middle of the COVID pandemic. Song talks about what attracted him to the business, how to make quick decisions, and why you need multiple lenders. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://let...2020-08-1231 min
Let’s Buy a BusinessFrustrations of Searching for a Business to BuyLooking for a business can be miserable. You're alone, you don't produce anything, ship anything, sell anything, talk to happy customers and you don't make any money. Keep reminding yourself of your "WHY". My, why is financial freedom, buying, and building an awesome business and having fun while doing it for my family. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-08-1008 min
Let’s Buy a BusinessSmall Deals vs Big DealsSmall Deals are riskier, require all cash to buy, and take up the same amount of time as Big Deals. You can cut your teeth on small deals but they can be super hard to do. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-08-0705 min
Let’s Buy a BusinessDue Diligence - How to Reduce Costs Until You Know the Deal is DoneRyan is in the middle of due diligence but he tells a story of one $1M company buying another $1M company and nearly going under when it doesn't go through. You need to establish what the bottlenecks and KPI's are for the deal. If those 4-5 things don't work out, then the deal is dead. DO this BEFORE you incur massive costs from attorneys and CPAs. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-08-0507 min
Let’s Buy a BusinessStock vs Asset PurchaseFirst off, get a great attorney and CPA. Ryan walks through navigating a stock purchase and an asset purchase. Most businesses sub $5M will be an asset sale. In a nutshell, Asset Purchase is typically better for the buyer. Stock Purchase is typically better for the seller. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-08-0305 min
Let’s Buy a BusinessUpdate on My Deal #2 - Next Steps of Due Diligence / Complementary Skills with your PartnerAfter costs, revenue, and customers are verified, you move on to the next tier of due diligence. Ryan dives a little into his partner and his complementary skills. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-07-3105 min
Let’s Buy a BusinessLast Month - I almost QUIT looking for a businessLast month, I hit the DIP. I was tired and worn out trying to find a business. My wife helped me push through and realize I was in this for the long haul. Seth Godin talks about the dip when trying something new or hard. YOU have to push through as you are right next to explosive growth and results. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ The Dip by Seth Godin - https://amzn.to/39oDrP1 2020-07-2907 min
Let’s Buy a BusinessDue Diligence WellNOW time for Due Diligence. As my friend Landon Ainge said it best "Due Diligence Well". Verify everything in the past as fast as possible. THEN start predicting the future. Run lots of different scenarios and the likelihood of them happening... Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-07-2708 min
Let’s Buy a BusinessI'm Under LOI! + Find Under-Utilized AssetsMy bid from 4 weeks ago was back on the table after two weeks and now I'm a week into being under LOI. We are way deep into Due Diligence. A few key takeaways....you need a network to tap into immediately in given fields and find underutilized assets within businesses. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-07-2408 min
Let’s Buy a BusinessFrom a $3M Acquisition to $88M Sale in 8 years - Jordan Law Interview50 years in the Aerospace Industry: from getting nearly fired, to buying and selling companies in Aerospace. Jordan always had creative solutions and bet on himself to make things happen. He invested heavily in his employees and gave them a massive upside that led to a $3M acquisition to an $88M sale only 8 years later. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Jordan Law jordanlaw42@gmail.com 2020-07-2242 min
Let’s Buy a BusinessCyber Security for SMB's + Secret Tunnels in Las Vegas + Niche-Based Roll Up Strategies - Interview with Rick JordanRick Jordan is a cyber-security expert, small business owner, host of the podcast All-In with Rick Jordan, AND buys businesses in his space. We dive into hidden tunnels in Las Vegas, how SMB's can avoid cyber threats and his roll-up strategy for cybersecurity firms. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Rick Jordan Cyber Crime (Movie on Amazon) - https://amzn.to/3j4wV4n https://www.libertylockdown.com/libertylockdownteaser http://www.rickjordan.tv/ https://www.instagram.com/mrrickjordan/ https://twitter.com/mrrickjordan https://www.faceb...2020-07-2028 min
Let’s Buy a BusinessDarren Neilson - OrangeTheory Fitness and Franchise InterviewDarren is our attorney from the last episode who also owns an OrangeTheory Fitness franchise. He dives into franchising and what helped him launch into profitability. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Darren Neilson Dneilson@parsonsbehle.com Phone: 801-536-6950 2020-07-1717 min
Let’s Buy a BusinessDarren Neilson Interview - Acquisition LawyerDarren Neilson is an acquisition attorney who focuses on bankruptcy sales. He helps transition businesses during bankruptcy and is a wealth of knowledge around legal, acquisitions, and interacting with attorneys. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Darren Neilson Dneilson@parsonsbehle.com Phone: 801-536-6950 2020-07-1523 min
Let’s Buy a Business3 Biggest Reasons on How You Fail When Looking for a Company to BuyYou fail in 3 ways in buying a company. 1. Buying a bad business 2. Running out of money 3. Running out of patience. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-07-1304 min
Let’s Buy a BusinessBuying and Holding, then SellingWhat if you put $100k down, buy a million-dollar business, grow it 10% (super conservative), pay off debt aggressively, then sell it in 4 years for ~$1.2M and pay yourself ~$250k/year for 4 years...Not bad. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-07-1004 min
Let’s Buy a BusinessUncomfortable Conversations with Yourself: Can you sleep at night if you owe the bank $1M?Every decision has risks and opportunities with it. One I've been thinking a lot about is how fluffy it feels to talk about buying a company. When push comes to shove, will you actually borrow $1M to buy an awesome asset that you can grow 2-3x?.....you still owe someone $1M and many can't sleep at night with that over their heads. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-07-0807 min
Let’s Buy a BusinessOnline Tricks to Old School Business - Interview with Matt BlackwelderMatt was the main guy going in to acquire businesses to run them. His Private Equity company bought 18 businesses in 18 months with Jared Zemp. We also breakdown how to use new tactics from online to offline businesses. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Matt Blackwelder https://www.linkedin.com/in/matthew-blackwelder-004a91b1/ 2020-07-0640 min
Let’s Buy a BusinessThink Like an Investor, Not an OperatorYou can't just replace your job. Be real about the opportunities for growth and if you have the skill sets or ability to grow it. If your business requires a new location (like a new restaurant location) to double capacity, be weary of this deal. You're replacing your job. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-07-0306 min
Let’s Buy a BusinessI Put an Offer on a Business!Ryan found a business, moving fast...we'll see if he can get this lined up. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-06-2904 min
Let’s Buy a BusinessDon't Learn Everything. For Now, Understand Cash Flow and Competitive LandscapesIt's impossible to learn everything about something before you have a business in hand that matches up with that particular business model. A friend asked how he could learn to run an e-commerce company. The answer is, just run one. Focus on Just-In-Time learning. Learn things that you'll need at that exact moment. Ryan believes the most important thing is understanding how Cash Flow works for business models. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-06-2508 min
Let’s Buy a BusinessBuilding His Gyms and a Successful Exit to Bankruptcy with Scott AaronScott Aaron has 18 years in the gym and personal fitness space, building his gyms and a successful exit to bankruptcy. Ryan interviews Scott, who has faced incredible adversity but keeps pushing through. He took over his father’s gym while his father was in prison. Grew it 4x and sold it! From selling for $1M to down $2.5M negative $1.5M. Scott is an awesome LinkedIn influencer and built some great side businesses that eventually led to a full-time income. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with S...2020-06-2328 min
Let’s Buy a BusinessFranchises - Good or Bad? My Ramblings on Businesses in a BoxFranchises can be fantastic for the right person and right vision and goals. Start with the end in mind of what you want, BUT also realize that the network effect of franchises start at 3-5 locations at least. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-06-2010 min
Let’s Buy a BusinessHow I Wasted 2 Months at the Beginning on a CompanyHow I wasted 2 months at the beginning of my search for a company. I didn't ask the right questions or tough questions to realize that it wasn't a software company. Avoid losing months of time to figure out which are the toughest questions to ask upfront. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-06-1706 min
Let’s Buy a BusinessIssues and Never-Ending Work Tied to Buying a BusinessSpending your whole day finding a business to buy is boring sometimes, full of networking and intros, lonely and weird that you are super busy but don't ship/sell/create anything. All short-term pains for a massive long-term plan. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-06-1503 min
Let’s Buy a BusinessBuy vs. BuildRyan had a great conversation with Scott Sorensen who is also looking for a business to buy as they discussed buying vs building. If you find a business that you can start with less money and get to that same spot in less time, that business probably doesn't have the best defensible moat. There are other benefits... Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-06-1204 min
Let’s Buy a BusinessHow Much Information Can You Gather From the Seller Before/After LOI?Buyers wonder how much information they should get before making an offer and going under LOI for a business. Trust everything before LOI, Verify everything once under LOI. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-06-1008 min
Let’s Buy a BusinessGlenn Molin Interview - He Has Built, Bought and Sold Several BusinessesGlenn has built, bought, and sold several businesses and now advises owners on exits. He has built so many profitable businesses while having multiple successful exits. Glenn has also bought several businesses and seen 100's of business transactions. The gold nuggets he drops are incredible in this short interview. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Glenn Molin gmolin18@gmail.com Thou Shall Prosper - https://amzn.to/2YZmh75 http://harvestbusiness.com/ 2020-06-0731 min
Let’s Buy a BusinessJared Zemp Interview - Buying 18 Businesses in 18 Months (part 2)This is the second part of the interview that Ryan had with Jared Zemp. Jared bought 18 businesses in a very short time period. He talks about his highs and lows while creating a fund to buy and operate small businesses. Jared has some crazy acquisition stories: such as 30% of his revenue from a furniture store he bought was actually a prostitution ring. He drops some tips here if you want to buy businesses. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Jared Zemp jzemp@crowchild.com http...2020-06-0421 min
Let’s Buy a BusinessJared Zemp Interview - Buying 18 Businesses in 18 Months (part 1)Jared bought 18 businesses in a very short time period. He talks about his highs and lows while creating a fund to buy and operate small businesses. Jared has some crazy acquisition stories: such as 30% of his revenue from a furniture store he bought that was actually a prostitution ring. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Jared Zemp jzemp@crowchild.com https://www.crowchild.com/micro 2020-06-0125 min
Let’s Buy a BusinessWhat My Day-to-Day Looks Like During My SearchRyan dives into what he does daily, and the biggest time-wasting traps that searchers fall into. Avoid these like the plague so you don't fall into the 90% failure rate of most searchers. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ How to Read a Financial Report: Wringing Vital Signs Out of the Numbers - https://amzn.to/3fIih0P 2020-05-2805 min
Let’s Buy a BusinessWhat Type of Business is Right For You?The most constant question Ryan is getting right now is “What type of business should I buy?” Most people never buy a business because they're looking at the wrong business for them. You need to figure out what your skill sets and experience are matched with your desired lifestyle combined with what problems you want to solve. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-2505 min
Let’s Buy a BusinessInterview with Garry McIntoshRyan interviews Garry McIntosh from Operation Underground Railroad who is the Director of Donations. Operation Underground Railroad's mission is to rescue children and women from human trafficking. They dive into how raising money for a nonprofit is similar to raising money in the markets and how you can have a bigger world mission with the company you actually purchase. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Garry McIntosh https://ourrescue.org/ https://www.amazon.com/Operation-Toussaint-Tim-Ballard/dp/B07M62QTS3 2020-05-2120 min
Let’s Buy a BusinessHow Do You Raise Money For a Down Payment For an Online Business?Online businesses don't have physical assets like brick and mortar, and inventory is typically in a warehouse not owned by the company. Banks are more willing to lend on cash flow from online businesses but you may need to get creative. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-1807 min
Let’s Buy a BusinessDeals I've Seen #5 SELLER FINANCED! NO MONEY DOWN!2 Deals that are seller-financed + 1 more that basically is seller-financed out of bankruptcy. Seller financed deals are awesome and typically don't require a personal guarantee. It's a great tool to keep current owners interested and honest in the deal. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-1509 min
Let’s Buy a BusinessYou Make Money Selling Businesses, Not Running ThemEveryone Ryan knows personally who is wealthy, has sold their business to get there. They built a cool business but 50-99% of the total value they got out of their business, was when they sold. There are other really great businesses that make money while running them, but you've probably never heard of them....and you never will. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-1309 min
Let’s Buy a BusinessBoom - I Got a 3-Star Review!Thanks for the 3-star review! Someone cared enough to tell Ryan how to improve on his mediocre podcast skills. Let him know how he can improve to get to 5 stars 89% of the time, 100% every time. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-1101 min
Let’s Buy a BusinessDeals I've Seen #4Here are 3 deals Ryan has looked at: an interesting retirement home, a sweet executed deal in the real estate services space, and a cool e-commerce brand with horrible financials. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-0809 min
Let’s Buy a BusinessMonth 2 Review - What I've Learned So FarSearching during COVID_19, what will happen with small businesses, and what questions to ask yourself to move forward during this weird time. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-0606 min
Let’s Buy a BusinessShould I Buy this Small Business and Cancelling Out AdviceRyan looked at a small business to fund his search forever. Cool business but he got conflicting advice based on the advice giver's own financial situation. This business did not fit into his target of companies and he talks about how he can make it fit his target. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-0408 min
Let’s Buy a BusinessCurrent Market Thoughts During COVID_19COVID_19 is destroying health and economies across the globe. The shutdown has been devastating to small businesses. Ryan goes through a few predictions and how to take advantage of a buyers market. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-0406 min
Let’s Buy a BusinessDeals I've Looked At So Far #3Ryan jumped into 3 businesses: B2B SaaS, a National Lead Gen Company, and a subscription eCommerce company. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-0112 min
Let’s Buy a BusinessHitting a Brick WallToday is the first day in a month that has been really frustrating. Ryan does not feel like he is making progress. When you search for a company, you don't create anything, sell anything or feel like you did anything productive. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-05-0102 min
Let’s Buy a BusinessLessons on Selling a Company for Business BuyersRyan sold a business 2 months ago and shares a few tips for buyers on what they should look for when buying a business. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-2909 min
Let’s Buy a BusinessI Made 2 Offers on Businesses YesterdayBuying and selling businesses is an emotional dance. Logic does not prevail most times. Ryan made 2 offers on 2 different businesses yesterday. Both could be awesome and are vastly different. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-2907 min
Let’s Buy a BusinessNOT FLIPPING! You Can’t Flip Businesses Like a HouseWe're not flipping businesses like you can with houses in 90 days. Businesses are assets. They grow based on how you treat them. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-2703 min
Let’s Buy a BusinessMonth 1 Review - What I’ve Learned So FarWhat Ryan is learning and lacking so far: his financial statement literacy and maybe contacting more investors. Is this company worth buying or can he start a similar business and get to the same place with a fraction of the costs? Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-2704 min
Let’s Buy a BusinessStephen Walter Interview - Lawyer and Deal Maker“Strong partnerships come from strong contracts.” Stephen Walter is a wealth of knowledge and an attorney that manages a fund for angel investors. Stephen personally has bought and grown his own business which he discusses in this episode. He jumps into the legal side of buying a company and ways to think about contract structure. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-2419 min
Let’s Buy a BusinessDeals I’ve looked At So FarRyan dives into 3 more deals that he has looked into. These 3 deals are pretty awesome and ones that fit his wheelhouse for skill sets. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-2408 min
Let’s Buy a BusinessHow to Fund Your SearchThere are 2 ways to fund your search, as in pay your mortgage and Costco runs. Ryan dives into what a search fund is and how to self fund your search so you have a huge upside. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-2207 min
Let’s Buy a BusinessDirect Deal Flow vs Broker Deal FlowRyan covers the differences in building your own deal flow vs working through broker deal flow. Both ways are super valuable and you need to approach the business buying from both avenues. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-2209 min
Let’s Buy a BusinessLocal Business Broker Interview - Jeremy Neven - How to Network and Use Local BrokersRyan brings Jeremy Neven on how best to network and use local brokers. Jeremy is a mountain of information on how to work with brokers, how first time buyers can build their network, and how to approach a deal. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Jeremy Neven: https://www.linkedin.com/in/jeremynevens/ https://www.alpinebusinessbrokers.com/ jnevens@abbutah.com 2020-04-2012 min
Let’s Buy a Business3 Stories of Executed DealsRyan talks with 3 owners who bought a business, and wish to remain anonymous. He discusses the businesses that were acquired, how they structured the deals, and how much they put down to acquire them. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-2008 min
Let’s Buy a BusinessIncome and Wealth Multipliers - They Work For or Against YouIncome and Wealth Multipliers work for you or against. If you own equity, you can get a multiplier on your efforts. If you are an employee, you make a fraction or a small percentage of your efforts. It's not bad, it's just how the system is created. Be aware of how income and wealth multipliers work in your own life. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-1707 min
Let’s Buy a BusinessWhere to Find Businesses for SaleRyan Condie breaks down the area to find the right marketplace and broker to find businesses for sale. He also provides a few ideas on how to create your own deal flow outside of brokers. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-1610 min
Let’s Buy a BusinessNarrowing Down My Criteria for My Business Acquisition SearchRyan goes deeper into the criteria he picks for finding a business. He goes through a series of questions, his background and strengths and his ideal lifestyle for his criteria. Internet-based company with 2+ years (ideally 5 years) of history from a US citizen that makes $250k+ in EBITDA. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-1409 min
Let’s Buy a BusinessWhy I'm Buying a BusinessRyan Condie walks through his mindset on why buying is better than starting. We all know 96% of new businesses fail within 5 years so how do we own equity, bet on ourselves and call the shots? Entrepreneurship through Acquisition. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ 2020-04-1409 min