How to Purchase an Existing Business with Jack Wilson

In this episode, Melinda Emerson introduces guest expert Jack Wilson, who shares his extensive knowledge on acquiring existing businesses. The discussion covers key factors and growth potential when purchasing a business, including the types of businesses that are ideal for acquisition and various financing options. Jack provides insights into identifying red flags and strategies for employee retention during a business transition.

Jack Wilson is a Franchise Development Director with HomeWell Care​ Services. He has been involved in franchising since 2012. Jack also owns​ Rezultz Team, a franchise consulting firm affiliated with the Franchise​ Brokers Association. His expertise spans the areas of franchise and independent start-ups, mergers, acquisitions, business growth strategies, ​and business exit planning. Jack formerly owned and operated a franchise,​ Liquid Capital of Greater Philadelphia, a certified MBE company focused on accelerating cash flow for small and mid-market B2B businesses. For more​ information: https://www.rezultzteam.com

(0:00) Introduction by Melinda Emerson and Mission to End Small Business Failure (1:18) Introduction of Guest Expert Jack Wilson (2:02) Jack Wilson's Background and Expertise (4:34) Key Factors and Growth Potential in Buying an Existing Business (9:25) Types of Businesses to Consider for Purchase and Financing Options (14:29) Red Flags and Employee Retention in Business Acquisition (19:12) Best Business Advice Received by Jack Wilson