Buying a business might seem intimidating, but it’s entirely achievable with the right guidance. Many first-time buyers struggle with where to start, how much they can afford, and how to navigate negotiations.

This episode covers financing options, including SBA loans and seller financing, and offers practical advice for managing the transition after closing. 

If you’ve been considering buying a business but don’t know where to start, this episode provides everything you need to confidently take the first step.

📒 Show Notes and Resources 📒

https://www.stagcoaching.com/podcast

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Subscribe and Listen to the Podcast HERE:📱 

➡︎YT:    /@stagcoaching   

➡︎Apple: https://podcasts.apple.com/us/podcast/business-growth-masterclass/id1741987960 

➡︎Spotify: https://open.spotify.com/show/2jy3wuJyv11zI0C31ww0oR 

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Kellen KetchersidKellen is a co-founder of Stag Business Coaching, business strategist, and a systems thinker. He leverages his extensive experience in biotech and consulting to empower entrepreneurs to navigate complex challenges with strategic growth solutions. 

Albert GillispieAlbert is a serial entrepreneur, business efficiency expert and co-founder of Stag Business Coaching who has founded several multimillion-dollar companies. With expertise in optimizing operations and innovative systems, he mentors business leaders who want to unlock their business’s full potential.

🎤 Tanner Noble

Tanner Noble is a Senior Business Advisor with Transworld, with 16 years of finance experience across various industries, including retail, biomedical manufacturing, and commercial real estate. As a Partner in a Private Equity Firm focused on Multifamily Real Estate, he managed over $100M in assets. Tanner specializes in connecting business buyers and sellers in Lubbock, Texas, crafting personalized strategies to navigate complex transactions.

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Website: https://www.stagcoaching.com/ 

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⏰ Timestamps ⏰

0:00 Introduction to Buying a Business

1:00 Reaching Out to a Broker

3:00 Assessing Financial Capability and Experience

7:00 The Importance of Buyer Questionnaires

8:00 Navigating Confidentiality Agreements

12:00 Reviewing Business Listings and Marketing Materials

16:00 Preparing for Buyer-Seller Meetings

21:00 Making Offers and Negotiating Terms

30:00 Conducting Due Diligence

39:00 Financing Options for Buyers

43:00 Closing the Deal

48:00 Need Help Buying a Business?

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