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How to Buy the Right Business for You

How to Buy the Right Business for You

FromThis Is Small Business


How to Buy the Right Business for You

FromThis Is Small Business

ratings:
Length:
15 minutes
Released:
May 21, 2024
Format:
Podcast episode

Description

Considering buying a business? Whether it's your first venture or you’re trying to expand your business, it can be a game-changer. Just ask Brian Shields, an Acquisition Entrepreneur who knows what it takes to successfully buy a business. “Try to look at at least a hundred deals to help dial yourself in so you know what kind of risk you're willing to take, what kind of business plan you really feel comfortable with, what kind of industries you feel like make sense,” Brian says, “because once you get those under your belt, then you'll feel a little bit more sophisticated when the time really comes.”We’ll dive into the essentials: from why you should consider buying a business to breaking down all the thorough due diligence and financing options so you can find the right business that works for you! In this episode you’ll hear:(00:35) How Brian bought his first business(2:42) Why buying a business could be right for you(5:06) Research and analysis (aka due diligence) that needs to get done before you buy a business(6:39) Where you can find businesses to buy(8:01) Brain breaks down what the due diligence process looks like by using a coffee shop as an example(11:00) Three ways you can pay for the business you want to buy(13:50) Andrea and Brian go over three points you should focus on when you’re trying to find a business to buy
Released:
May 21, 2024
Format:
Podcast episode

Titles in the series (75)

This is Small Business explores the journey to success for small business owners by diving deep into the pivotal moments they have faced and conquered along the way. Brought to you by Amazon, this show is delivered through the unique perspective of a curious millennial trying to figure out what it takes to be a successful small business owner today. Episodes feature small business owners and industry experts from all walks of life who offer trends analysis, life lessons, and a different point of view. This is Small Business invites you to dig deep and find the tools you need to start, build, and grow your small business.