James Richardson, a former PwC employee, shares his journey from the corporate world to small business acquisition.

This is such a fun episode with his background and the massive switch to business owner.

Podcast Nuggies:

• PwC to entrepreneurship!
• Confidence gained from high-pressure situations can be valuable in entrepreneurship.
• Understanding financial statements is crucial in small business acquisition.
• Finding off-market deals and leveraging warm introductions can be effective strategies.

Need IT Help?

Check out....www.inzotechnologies.com,

I-N-Z-O, or email Nick directly at [email protected].

Get expert M&A guidance, valuations, and fractional executive support from Amplēo. Learn more at www.ampleo.com/lets-buy-a-business-podcast/.

YouTube - Need more hands-on videos? -https://www.youtube.com/@letsbuyabusiness

Help! I'm trying to buy a business....and just realized it's non-transferable...now what?

A non-transferable business is dependent....

• On the owner
• The Owner Personality - they are locally famous.
• The Owner Network
• The Owner goodwill in the community.Or basically anything remotely close to those.

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

(ROBS) Business FinancingTenet Financial Group - www.tenetfinancialgroup.com - [email protected]

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

Need IT Help?

Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at [email protected].

Get expert M&A guidance, valuations, and fractional executive support from Amplēo. Learn more at www.ampleo.com/lets-buy-a-business-podcast/.

Deal Deep Dive! A few that I pass on and why...one that could be interesting. Rural ISP - https://www.bizbuysell.com/Business-Opportunity/rural-internet-service-provider/2332414/ White Label SEO Agency - https://www.bizbuysell.com/Business-Opportunity/white-label-seo-digital-agency-65-net-margins-100k-mrr/2338406/ B2B Equipment Distributor - https://quietlight.com/listings/15813144/

Need IT Help? Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at [email protected]. Get expert M&A guidance, valuations, and fractional executive support from Amplēo. Learn more at www.ampleo.com/lets-buy-a-business-podcast/.

I did something stupid, and I'm going to do it again.Here is a brief story about achieving one of my massive life goals: running a 100-mile race in the mountains.

206,000 Steps 23,000 ft of elevation increase 55,000 ft of elevation change 33 Hours 6 Huge Bucks 1 Fat Porcupine 1 Angry Bull Moose 0 Barfs and...100 Miles

Want to learn more about my trail adventures?

Go to Ultrasignup.com and search my name.

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

Need help with IT in your SMB?

Inzo Technologies offers complimentary IT audits of your business. Check out more at inzotechnologies.com or contact the owner Nick at [email protected]

Get expert M&A guidance, valuations, and fractional executive support from Amplēo. Learn more at ampleo.com/lets-buy-a-business-podcast/

Darin Pierson is a CPA and an entrepreneur. He’s started businesses and even bought a business too. This is a critical episode for anyone getting real on buying / scaling a business.

Darin always created the FREE SMB Financials Class on our site.

Podcast Nuggies:

• Optimizing taxes versus making a business attractive for sale.
• Cash vs. Accrual Accounting
• Reconciling Book Income and Taxable Income
• Tax Saving Tips

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Am I picking the right partner?

1. Trust
2. Complementary Skills
3. Shared Goals and Lifestyle
4. Commitment Level
5. Assessing Risk

A Few Key Questions:

What do you want out of this business?

What is success here?

What if we have an extra $50k in profit? What would you want to do with it?

MORE COMMON - What if we needed to put in extra money into the business? Can you do that?

Equity split...

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

Raleigh Williams is one of my favorite people. Not a stranger to the show, 2nd time at least but he always packed in so much value. He’s bought, scaled, sold so many businesses. AND my favorite part of Raleigh is him betting on himself years ago after dropping down a pretty penny on a law degree. Raleigh walked away from a huge attorney career and salary to live life on his own terms.

We dive into Phantom Equity though.

Podcast Nuggies

Phantom Equity!

That’s it. Could be a game changer for many. Consult your attorney.

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

Would you switch Warren Buffett age and net worth?

94 years old and $143B Net Worth.

No. You wouldn't. So I don't wish for it to be lunchtime either.

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

(ROBS) Business FinancingTenet Financial Group - www.tenetfinancialgroup.com - [email protected]

Ready to level up but not 1 on 1 consulting?

**How to Buy Your First Small Business through Acquisition Entrepreneurship**https://letsbuyabusiness.com/courses/

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

Andrew Gazdecki is the founder and CEO of Acquire.com (used to be MicroAcquire.com) and is one of my favorite people in the M&A space. He's an incredibly successful entrepreneur and now helps facilitate buyers and sellers for smoother transactions.

Podcast Nuggies

• Insane growth with AI companies
• Helping a buyer/seller find a workaround on financing when the lender pulled out in the 11th hour.
• 2024 Market Conditions + 2025 Predictions!

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

How do you win competitive deals?

Be Human, Get Creative (not weird seller financing people), and stand out.

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.