Let’s Buy a Business Ryan Condie
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- Business
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Buying a business is a blend of process, timing, and luck. A few times a week Ryan Condie shares the deals he’s looking at in a short form podcast. Listen in on updates from investors and bankers. Whether you’re buying a business to own and operate or building up your passive income, you’ll learn what to focus on and what to avoid during acquisition.
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Determining your Normal Home Mode (Emotional Home)
Emotional Homes.
It's not what is the best for us, it's what we're used to.
"The quality of my life is the quality of my habitual emotions. Our habitual emotions are our emotional homes. It’s what we are conditioned to return to."
- Tony Robbins
Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
YouTube - Need more hands-on videos?
https://www.youtube.com/@letsbuyabusiness
Newsletter - Stay Up to Date
https://lbab.beehiiv.com/subscribe
Tony Robbins - Emotional Home - YouTube
https://www.youtube.com/watch?v=hfNOXhDpXOk&t=19s -
Real-Time: How to Fund Austin's Search with Austin
Austin Larson is 6 months into his search. We jump into how he can fund his search and tweak was he is looking for. Real-Time.
This is a unique episode. Many searchers are going through this same problem.
Podcast Nuggies:
- His background so we can understand his value adds
- Reducing Burn + Light W2 Options
- How to contact business owners + Joint Venture Options
- Brainstorming Local Businesses + Consulting
Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
YouTube - Need more hands-on videos?
https://www.youtube.com/@letsbuyabusiness
Newsletter - Stay Up to Date
https://lbab.beehiiv.com/subscribe
Connect with Austin:
LinkedIn
https://www.linkedin.com/in/austin-larson-85528549/
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What is the difference between EBITDA vs SDE? (with a cash flow bonus)
Alright, a question I get often.
What is the difference between EBITDA vs SDE?
We dive into a few high-level differences to watch out for when evaluating businesses.
EBITDA is typically used for larger businesses ($2-3M+ Profit).
SDE is typically used for smaller businesses.
BUT neither of those is cash flow.
A few podcast nuggies:
- SDE is not Cash Flow
- Loan payments don't show up on the P&L many times
- If you take a business with no debt, stack on 80%+ debt, you are fundamentally changing the entire business structure. You are ADDING risk here.
You can get into trouble if you only take their costs vs WHAT YOUR costs will be.
Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community -
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
YouTube - Need more hands-on videos?
https://www.youtube.com/@letsbuyabusiness
Newsletter - Stay Up to Date -
https://lbab.beehiiv.com/subscribe -
How to Transition from Corporate Career to SaaS Entrepreneur and Buyer With Mitch Woodhead
Mitch Woodhead went from software sales to Salesforce consultant to buying a SaaS business. What a ride here.
This is one of my favorite episodes. Mitch opens up about how he taught himself Salesforce, got his first client, transition to consultant to free up his time and search more. He then opens up about his acquisition, what he did right and what he’d do differently.
Podcast Nuggies:
- W2 to Consulting to Buying
- How to fund your search
- How to Stand out with Sellers
- Why he liked his deal
Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community -
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
YouTube - Need more hands-on videos?
https://www.youtube.com/@letsbuyabusiness
Newsletter - Stay Up to Date -
https://lbab.beehiiv.com/subscribe
Connect with Mitch:
LinkedIn - https://www.linkedin.com/in/mitch-woodhead-50483bb1/ -
Using ROBS 401K to Buy a Business with Diane Rosenkrantz
Diane Rosenkrant has served as a Senior Consultant with Tenet Financial Group since 2009. She is detail-oriented which is so critical with tricky 401K ROBS.
This is a special episode and can be A GAME-CHANGER for many.
ROBS 401K - Rollover as a Business Start-Up
Podcast Nuggies:
What is a 401k ROBS? What can a ROBS 401K be used for? What mistakes do people make? Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
YouTube - Need more hands-on videos?
https://www.youtube.com/@letsbuyabusiness
Newsletter - Stay Up to Date
https://lbab.beehiiv.com/subscribe
Contact Diane:
Email: diane@tenetfinancialgroup.com
Phone #: 413-354-4662
TenetFinancialGroup.com -
$0 to $140k/Month + An Exit with Spencer Patterson
Spencer Patterson is a fantastic entrepreneur. He built a business doing $140k/month in revenue with a several million dollar exit on the back end.
Podcast Nuggies:
Why He didn’t hire a CEO The Time and Emotional Drag of Selling a Business Falling out of several LOIs Term sheet - his non-negotiables Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
YouTube - Need more hands-on videos?
https://www.youtube.com/@letsbuyabusiness
Newsletter - Stay Up to Date
https://lbab.beehiiv.com/subscribe
Connect with Spencer:
SpencerPatterson.com
X (formerly Twitter) https://twitter.com/SpencePatterson
Youtube https://www.youtube.com/@saas
Customer Reviews
Great info
Love this podcast, especially the recent episode with Della Kirkman. She has some great information to share about buying businesses. I think everyone should take a listen!
Great episode with Della
The episode with Della was great. Realizing that it is possible to structure deals so that everyone wins even when you don’t have a lot of capital.
4- star crackle barrel waitress. To buying CPA firm.
Loved this episode! This was a great insight on multiple ways of structuring no money down deals while using creative financing and little to none of your own capitol. You’ll hear in the podcast as she illustrates 3 key factors in negotiation allowing her into deals. Della does an excellent job as proof displaying how if you want to buy a business it’s about MAKING the opportunity happen.