We dive into how to use your existing 401k to invest or buy a business or real estate. Fascinating topic that is incredibly complex. Frank shoots you straight here.

This is known as ROBS or Rollover as Business Start-ups.

Episode Resources

• 10-Step Video series to Finding a Company to Buy
• Exclusive to Let's Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy
• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/
• https://forms.gle/RRcXpe3dK7pNGqv16
• Connect with Frank Selden
• http://www.401krobspros.com/
• http://frankseldonlaw.com/

Here are two businesses for sale right now that caught my eye from Texas Business Buyers.

I dive into the high-level overview of their listings and what areas I would focus on for due diligence.

• Aquarium for Sale
• 30-Year-Old Plumbing Business

Episode Resources

• Exclusive to Let's Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy
• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/
• https://forms.gle/RRcXpe3dK7pNGqv16

Scott Porter is world-class in everything he does. His customer experience touch points are gold and we dive into…

-- How to stand out as a boring business (he used to run 3 nursing homes, yeah, that's boring!) -- Seeking Challenges in your Career (he was on the founding team of an airline that just SPAC'd) -- Humanizing Experiences in everyday life.

Episode Resources

• Exclusive to the Let's Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy
• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/
• https://forms.gle/RRcXpe3dK7pNGqv16
• Connect with Scott Porter
• https://www.linkedin.com/in/scottcraigporter/
• https://www.instagram.com/sandiablochurros/
• TACOINCIDENCE Podcast
• 15% off GROUP ORDERS for the Churro Fiesta in a Box (corp gifts)
• 15% off on our website with Discount Code: "LetsBuy"
• Info on Exec Taco Tour Masterminds in Mexico City
• https://www.instagram.com/forevervitamint/

2 Glaring Mistakes:

1. Being too broad or too narrow on business criteria that aren't matching your effort.
2. Nickle and Diming when you find a great business.

Episode Resources

• Exclusive to Let's Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy
• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/
• https://forms.gle/RRcXpe3dK7pNGqv16

Clint has 7+ years as a broker. 40+ deals. That's a lot. Bought businesses, grew them, hired operators, a pilot, an awesome dad, etc.

He's one of the clearest thinkers I've met in this space and that's because this isn't his first rodeo.

You're gonna love these gems by Clint.

Episode Resources

• Exclusive to Let's Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy
• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/
• https://forms.gle/RRcXpe3dK7pNGqv16
• Connect with Clint Fiore
• https://texasbusinessbuyers.com/
• https://twitter.com/TxBusinessBuyer
• https://twitter.com/ClintFiore
• https://www.linkedin.com/in/clintfiore

I dive into my background of starting 10 businesses, buying/selling 12 deals, and 3 unique deal structures.

Episode Resources

• Exclusive to Let's Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy
• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/
• https://forms.gle/RRcXpe3dK7pNGqv16

This is one of my favorite episodes. Jordan Carter dives into many of the fears and doubts that you have while searching.

We dive into...

-- Telling Family and Friends -- What if it goes bust? -- What will people say and think -- How you can't search part time -- How to fund your acquisition

Episode Resources

• 10 Step Video series to Finding a Company to Buy
• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/
• https://forms.gle/RRcXpe3dK7pNGqv16
• Connect with Jordan Carter
• https://www.searchinvestgroup.com/
• [email protected]

Stephen is an OG in the lending space, especially for online businesses. He knows how these businesses operate which is rarer from lenders. BUT now he has something he's been working on for 7+ years which is how to fund businesses in the $5M - $20M range.

We dive into...

-- Capital Access Fund -- Alternative ways to Finance $5M - $20M businesses -- All things criteria, size, interest rates, PG's, etc.

Episode Resources

• 10 Step Video series to Finding a Company to Buy
• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/
• https://forms.gle/RRcXpe3dK7pNGqv16
• Connect with with Stephen Speer
• https://www.linkedin.com/in/stephenspeer
• https://ecommercelending.com/

Jason Condie went from a 7th grade Spanish teacher to owning multiple businesses in less than 3 years. He just acquired a website and digital course business that needed his skillset.

We dive into... - Complete Career Transformation - Hiring the Whos and NOT learning the Hows - Motivated Sellers - Risk Tolerance - Buying a Business that needs you.

Episode Resources

• 10 Step Video series to Finding a Company to Buy
• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/
• https://forms.gle/RRcXpe3dK7pNGqv16
• Connect with Jason Condie
• [email protected]

Robert Graham and Juan Ruiz dive into specific deal examples for searchers. Robert helped 6 searchers close deals last year and Juan runs COMMUNETA at Harvard.

We dive into…

• Dealing with non-recurring revenue
• How to handle unique business risk with investors
• Stock Sales to keep contracts in place
• Unions :)

It's a fun convo.

Episode Resources

• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/
• https://forms.gle/RRcXpe3dK7pNGqv16
• Connect with Juan Ruiz
• http://communeta.com/
• [email protected]
• Connect with Robert Graham
• https://www.linkedin.com/in/robertelliotgraham
• http://searchinvestgroup.com/
• [email protected]
• https://www.linkedin.com/company/searchinvestgroup