Buying a business sounds easy—but is it the right move? In this episode, Todd and the crew break down the real differences between buying and starting a business, the traps of “boring business” advice online, and how to apply the Do Business Method™ for real success.

Chapters:

00:00:00 - Introduction

00:00:38 - Should You Buy or Start a Business?

00:00:50 - The Concept of 'Boring Businesses'

00:03:23 - The Reality of Running a Business

00:04:50 - The Importance of Relationships in Business

00:06:01 - The Influence of Business Influencers

00:09:05 - The Value of Experience in Business

00:09:28 - The Motivation Behind Buying a Business

00:12:26 - The Advantages of Running a Business

00:15:08 - Conclusion: Starting vs Buying a Business

00:16:03 - The Concept of Buying an ATM Business

00:16:53 - The Reality of Running an ATM Business

00:19:55 - The Potential of Owning a Parking Lot Business

00:22:17 - The Importance of Focus and Consistency in Business

00:25:53 - The Potential of Owning a Storage Facility Business

00:28:20 - The Importance of Research in Business

00:28:30 - The Do Business Method

00:30:28 - The Importance of Consistency and Focus in Business

00:30:38 - The Role of Leadership in Business

00:30:55 - The Impact of Diversification in Business

00:31:46 - The Concept of Exiting a Business

00:33:34 - The Pros and Cons of Starting a Business

00:34:18 - The Importance of Staying Within Your Sphere of Expertise

00:37:39 - The Value of Experiences in Business

00:41:11 - The Potential of Owning a Valet Business

00:43:16 - Advice on Buying a Business

00:45:31 - The Concept of a Log Line

00:46:15 - Understanding Youth Slang in Business

00:46:56 - The Trap of Freedom in Business

00:47:25 - The Importance of Authenticity in Business

In this episode of the Do Business Podcast, Todd Frazier, CPA, is joined by John and Jake for a deep dive into one of the biggest challenges in business—filling and maintaining your sales pipeline.

From a luxury hotel’s standout hospitality to In-N-Out Burger’s legendary consistency, we explore how great service and genuine relationships can turn one-time customers into lifelong advocates. You’ll learn:

• Why relationships are the real secret to a thriving pipeline

• How networking groups, associations, and referrals compare to paid ads

• The power of consistency in your product and messaging

• Strategies to re-engage your existing network for more business

• Why content—especially podcasting—is one of the best tools for authority building

Packed with practical insights (and a few food tangents), this episode is your blueprint for creating a business people can’t stop talking about.

📩 Got a business question? Email [email protected] and we might feature it on the show.

If you've ever asked, “How can I pay less in taxes?” — this episode is for you.

Todd Frazier, CPA and business strategist, breaks down the most effective and underutilized way to reduce your tax burden and build long-term wealth: starting a business. Whether you're a high-income W-2 earner tired of handing 30–50% to the IRS or just looking for a legitimate side hustle, this episode gives you the roadmap to take action now.

You’ll learn:

• Why traditional deductions won’t move the needle
• How a sole proprietorship can save you thousands (with zero startup cost)
• The “2-out-of-5 rule” every new business owner must understand
• When to upgrade from Schedule C to an S Corp for even bigger tax benefits
• The real reason 74% of the world’s wealthiest people are entrepreneurs (and why 0% are just employees)
• The difference between a business and a hobby in the eyes of the IRS

You don’t need a fancy idea or a tech startup — you just need something people will pay you for. Todd explains how anyone can start today and build a tax-saving, wealth-building engine for their future.

👉 Ready to take action? This episode will help you move from overthinking to ownership.

Get Plaud.AI recorder: https://amzn.to/40Bzp1g

You’re Being Recorded!In this episode of The Do Business Podcast, Todd Frazier, CPA, explores the growing use of meeting recordings and how pairing them with AI tools — like the PLAUD AI recorder — can supercharge your workflow. Learn how automatic transcripts, summaries, and action items are changing how business owners engage, follow up, and build accountability with clients and teams.From privacy concerns to platform recommendations, Todd walks through how to integrate these tools while staying compliant with California’s strict two-party consent laws.🎙️ Featuring: Zoom AI Companion, ChatGPT Teams, and the PLAUD AI Recorder⚖️ Legal Insight: What you need to know about recording laws💡 Takeaway: Record smarter. Work faster. Serve better.DISCLAIMER: This description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. My gear:BIG camera: https://amzn.to/2JQgTxu (amazon affiliate)Main lens: https://amzn.to/2UiylOX (amazon affiliate)Mic: https://amzn.to/2WB2ab7 (amazon affiliate)GoPro: https://amzn.to/2HOEyMV (amazon affiliate)Rode Procaster: https://amzn.to/2WxxBmE (amazon affiliate)Audio-Technica Headphones: https://amzn.to/2I3nEcz (amazon affiliate)Zoom H6: https://amzn.to/2FAHpW8 (amazon affiliate)#dothings

Your bank account is lying to you. It doesn’t show your future expenses, unpaid invoices, or which parts of your business are actually profitable.

In this episode, CPA and business strategist Todd Frazier explains why accurate accounting is the missing key in most small businesses. Learn how financial records are the scoreboard you need to make confident, strategic decisions—and why flying blind could be costing you more than you realize.

🔹 Topics Covered:

• Why your bank balance is a terrible business metric

• How to tell what’s really working in your business

• Using gross profit margin and net profit to make smarter decisions

• When it’s okay to lose money on a product or service (yes, there are exceptions!)

• Tools and platforms Todd recommends for easy, effective bookkeeping
  🧭 Do Business Method: Perspective → Process → Results → Repeat

✅ Schedule your free consultation: https://frazinc.com
📌 Subscribe for more honest, practical business advice.

Ever seen a video on the internet that makes OUTRAGEOUS claims about earning HUGE money? In this episode I watch one of them from Noah Kagan to see how much truth there is and if there are any secrets to success.

Welcome back to the Do Business podcast!  On this episode, we are joined by John Welches, owner at Red Mallard, to discuss the ROI of Reliability and Content.  

Enjoy!

Watch the episode: https://youtu.be/4oTpCtC4028

The Do Business podcast is all about helping you with your business.  In this episode, we share why we are refocusing our purpose. Comment below with the topics you would like us to discuss.

Start podcasting today:  Do Podcasts

What is HAPPENING people of the interwebs?!?!  Welcome back to another episode of the Do Things podcast.  On this episode, my guest is Ken Kerry co-founder of Script to Screen a commercial marketing agency that specializes in direct consumer campaigns.  Ken has a GREAT story from playing college football to interviewing NFL great Steve Young, failing at his first big product launch and then building a campaign for Hooked On Phonics to turn the tide towards success.  Get insight into what it takes to make it in any industry, the power of self-awareness and LOTS of hard work. 

Connect with Ken here

Enjoy,

Todd

Start podcasting today:  Do Podcasts

What is HAPPENING people of the interwebs?!?!  Welcome back to another episode of the Do Things podcast.  On this episode, I'm joined by Mikhail Alfon and we talk about having to cancel his wedding during the COVID-19 pandemic and the COVID PIVOT that most industries are going to need to make to thrive during this time of unknown chaos.

Connect with Mikhail here

Enjoy,

Todd