Ryan is on the road right now about to reveal some nerve-racking news to a business owner that Ryan recently bought a business from. Ryan is trying his hand at doing a merger & acquisitions deal that will hopefully net him an extra $3 million. Jon and Gabe ask him some follow-up questions as they get to know what goes behind a deal like this.

 

Key Takeaways:

• Ryan is on the road! He is about to tell a business owner (who Ryan recently bought his business from) that he also just bought his largest competitor. He is unsure how this guy will react.
• The business owner is a vital person in the business right now.
• How many of the employees does Ryan want to keep in the business after he acquires it?
• It’s so important to have a mentor to help you navigate these uncertain waters.
• There’s a good chance that within a year you will lose 80% of the employees.
• Why is Ryan going to tell the business owner this information? Jon and Gabe aren’t sure why he needs to know.
• For many business owners, letting go of a business is a hard thing to do.
• Ryan believes he can sell this business for 8X by combining both companies he bought.
• Why did Ryan pick a traditional business vs. a real estate business?
• How did Ryan finance and buy these two businesses?
• What’s the main reason Ryan wants to do an M&A deal?
• Ryan is currently focused on building the right culture for these two businesses.
• How does Ryan know when he’s got a good COO on his team?
• Ryan doesn’t believe Traction is the right fit for a team of more than 100 people.
• How is Ryan structuring the equity for his COO?
• Ryan is excited for the new challenge ahead!

 

Resources:

Freedomblueprintshow.com

Traction: Get A Grip On Your Business, by Gino Wickman