In this episode, Shannon breaks down the essential factors to consider before acquiring a business. She emphasizes the importance of evaluating the people, processes, and profit of a business, whether you're buying, starting, or even planning to sell a business. Through real-life examples and practical advice, Shannon provides valuable insights to help listeners make informed decisions and set their businesses up for success. Tune in to gain expert tips and advice on navigating the world of business acquisitions and profitability.

What you'll hear in this episode:

04:59 Importance of systems, processes, and clear expectations.

10:39 Focus on profitable businesses, solid operations, and growth.

If you like this episode, check out:

4 Steps to Start Your Investing Journey with Tess Waresmith

The Four Elements of a Strong Financial Plan with Travis Gatzemeier

Simple Ways to Wealth with Hilary Hendershott

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.