Let’s Buy a Business

By Ryan Condie

Buying a business is a blend of process, timing, and luck. A few times a week Ryan Condie shares the deals he’s looking at in a short form podcast. Listen in on updates from investors and bankers. Whe... more

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FAQs about Let’s Buy a Business:

How many episodes does Let’s Buy a Business have?

The podcast currently has 358 episodes available.

Let’s Buy a Business episodes:

November 02, 2021Jayson Lowe - Why Pressure is a Privilege and Managing Multiple Companies at Once
Jayson Lowe left corporate Canada/America in 2008 and never looked back. This is a fun conversation around all things entrepreneurship, grit, and starting with the end in mind.

We dive into…

— Making the leap to entrepreneurship — Why Hiring Coaches and Mentors is crucial — Pressure is a Privilege — How to manage multiple companies at once

You can learn more about Jayson below.

Episode Resources

Connect with Ryan Condie

http://linkedin.com/in/ryancondie

http://letsbuyabusiness.com/

https://forms.gle/RRcXpe3dK7pNGqv16

Jayson Lowe: Banker’s Vault - https://www.youtube.com/c/TheBankersVault

Wealth without Baystreet - https://www.youtube.com/channel/UCj8ZlieHodxhD0vC75-rq0g

www.ascendantfinancial.ca

www.wealthwithoutbaystreet.com

www.canadaprepandship.com

www.easyfda.com

Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com

Lisa Forrest - [email protected]

10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video

Ryan Twitter - https://twitter.com/RyanPaulCondie
...more
30min
October 28, 2021What is the Story with Add-Backs?
If you are looking at businesses for sale, you'll notice a lot of add-backs. Some will make sense and others won't. You need to educate yourself on how to dig through the data.

In the end, the buyer needs to operate the business the same way the seller operates the business.

"Owner add-backs are items that they claim you should not need to pay once the owner leaves the business" - Michell Baldrige

Episode Resources

https://quietlight.com/3-types-of-addbacks/#ftoc-the-3-levels-of-addbacks-for-ecommerce-businesses

https://www.dummies.com/business/corporate-finance/mergers-and-acquisitions/what-add-backs-are-legitimate-in-an-ma-deal/

http://letsbuyabusiness.com/video

https://www.liveoakbank.com/

Connect with Ryan Condie

http://linkedin.com/in/ryancondie

http://letsbuyabusiness.com/

https://forms.gle/RRcXpe3dK7pNGqv16

Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com

Lisa Forrest - [email protected]

10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video

Ryan Twitter - https://twitter.com/RyanPaulCondie
...more
17min
October 21, 2021The 4 Pillars of Value for an Acquisition
Time and time again buyers evaluate businesses on a few main criteria. It's called the 4 Pillars of Value and it helps determine whether a business has a high multiple or lower multiple.

1. Risk Mitigation 2. Growth Prospects 3. Transferability 4. Documentation / Verifiability

This is a framework from Quiet Light which I've linked to their blog below.

Episode Resources

Connect with Ryan Condie

http://linkedin.com/in/ryancondie

http://letsbuyabusiness.com/

https://forms.gle/RRcXpe3dK7pNGqv16

https://quietlight.com/four-pillars-infographic/

Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com

Lisa Forrest - [email protected]

10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video

Ryan Twitter - https://twitter.com/RyanPaulCondie
...more
14min
October 19, 2021Jim Oliver - What is Infinite Banking and How to Buy Assets (Businesses) With It
Jim Oliver has quite the entrepreneurial journey. He owns 22 businesses. Yes, 22 businesses. Jim finds great talent and then overpays them. We spend most of our time on what is known as infinite banking.

We dive into… - What infinite banking is - How it works to buy more cash flow producing assets - Cash Flow vs Savers

You can follow Jim here at CreateTailwind.com and the Breakaway Wealth Podcast.

Episode Resources

Connect with Ryan Condie

http://linkedin.com/in/ryancondie

http://letsbuyabusiness.com/

https://forms.gle/RRcXpe3dK7pNGqv16

Jim’s Website - www.createtailwind.com

YouTube - https://www.youtube.com/channel/UCapodHWwvTZzkSsULCylieQ

Breakaway Wealth Podcast: - https://podcasts.apple.com/us/podcast/breakaway-wealth-podcast/id1438575465

Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com

Lisa Forrest - [email protected]

10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video

Ryan Twitter - https://twitter.com/RyanPaulCondie
...more
32min
October 12, 2021Keeping Your Day Job While Buying an Online Business + Exit - Jennifer Anderson Interview
Jennifer Anderson is a listener of the podcast. She's super cool and has a traditional career but on the side has bought, built, and now SOLD an online business. Jennifer packs in the value and gold nuggets in this short episode.

Episode Resources

https://quietlight.com/

https://empireflippers.com/

https://feinternational.com/

https://www.bizbuysell.com/

https://flippa.com/

http://webequityshow.com/

https://investing.io/patey/

10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video

Ryan Twitter - https://twitter.com/RyanPaulCondie
...more
24min
October 07, 2021Evaluating eCommerce Acquisition Metrics with Matt Putra
Matt Putra is an eCommerce expert and fractional CFO for eCommerce brands. He’s built, bought, and consults for many eCom brands.

We dive into…

— Typical eCom Margins — eCom Must-Haves (Gross Margin, Email Lists, Areas for Improvement) — eCom Nice to Haves (VIP Groups, 30% Customer Retention, 3 to 1 customer lifetime value over acquisition costs

Episode Resources

Connect with Ryan Condie

http://linkedin.com/in/ryancondie

http://letsbuyabusiness.com/

https://forms.gle/RRcXpe3dK7pNGqv16

Show Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com

Lisa Forrest - [email protected]

10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video

Ryan Twitter - https://twitter.com/RyanPaulCondie

Connect with Matt Putra

https://www.linkedin.com/in/mattputra?originalSubdomain=ca

https://keepnaturewild.com/

https://www.eightx.co/
...more
24min
October 05, 2021Can I Buy a Business with No Money Down? + Other Common Question with David C Barnett
David Barnett has been an owner, broker, buyer, seller, and everything in between. He’s written a dozen books or so about buying and building companies. This is a fun conversation.

We dive into questions such as…

— Are small businesses a better investment than properties? — Is this a good business? — I’ve heard you can buy a business with zero down. Is that true? — Are there businesses I can buy while keeping my day job?

Episode Resources

Connect with Ryan Condie

http://linkedin.com/in/ryancondie

http://letsbuyabusiness.com/

https://forms.gle/RRcXpe3dK7pNGqv16

David C Barnett - https://www.investlocalbook.com/

http://ukbusinessbrokers.com/business-acquisition-courses/

David’s YouTube Channel - https://www.youtube.com/channel/UCbR8hQfFxBI4Idh4Zw65yZQ

Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com

Lisa Forrest - [email protected]

10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video

Ryan Twitter - https://twitter.com/RyanPaulCondie
...more
34min
September 30, 20217 Business Purchases in 10 years - Walker Deibel Interview - Author of Buy Then Build
One of the most popular episodes of last year was Walker Deibel.

I talk a lot about Walker Deibel, his book, and his courses. Now we have him live. Walker is a phenomenal entrepreneur and has seen incredible success through his acquisitions. He also sees 100's of businesses as a lead broker for QuietLight Brokerage.

Walker talks about how to stand out as a buyer, why personal guarantees are required, and how to make sure you aren't missing any pieces to the puzzle when looking at operations.

Episode Resources

Connect with Ryan Condie

http://linkedin.com/in/ryancondie

http://letsbuyabusiness.com/

https://forms.gle/RRcXpe3dK7pNGqv16

www.BuyThenBuild.com

Buy Then Build Book - https://amzn.to/2VSQrau

6 Months to CEO - https://courses.buythenbuild.com/?ref=ee4f9d

Acquisition Lab - http://acquisitionlab.com/

Bio - https://www.quietlightbrokerage.com/advisors/walker-deibel/

Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com

Lisa Forrest - [email protected]

10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video

Ryan Twitter - https://twitter.com/RyanPaulCondie
...more
50min
September 28, 2021How the Wealthy View Money - Accumulation VS Utilization - Stephanie Walter
Stephanie started in insurance and left the corporate world when asking for a raise and she was denied. She left and built an insurance agency which led to an exit 16 years later.

Stephanie then sold her business after she realized the different ways the rich view money and started putting things to use therewith cash flow investing.

We dive into…

— Exiting her business of 16 years — Cash Flow over Net worth — View on Money - Accumulation vs Utilization

Episode Resources

Connect with Ryan Condie

http://linkedin.com/in/ryancondie

http://letsbuyabusiness.com/

https://forms.gle/RRcXpe3dK7pNGqv16

Stephanie’s site - www.erbewealth.com

Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com

Lisa Forrest - [email protected]

10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video

Ryan Twitter - https://twitter.com/RyanPaulCondie
...more
26min
September 23, 2021Income and Wealth Multipliers - How They Work for You or Against You
The value you are creating in your job or business is either being multiplied by a small % or a large %. When you own equity in a business, for every widget you sell today, someone will pay you 3-20 widgets for that one depending on the multiple.

The people I would want to switch career places with all have a few things in common:

High Accountability Work on Interesting Businesses and Projects Own Equity and Have Upside and Downside for their Decisions

Exercise - Figure out if the value you are creating at work is multiplied by 7% - 30% for your paycheck or 3-10x for your payday.

Episode Resources

Connect with Ryan Condie

http://linkedin.com/in/ryancondie

http://letsbuyabusiness.com/

https://forms.gle/RRcXpe3dK7pNGqv16

Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com

Lisa Forrest - [email protected]

10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video

Ryan Twitter - https://twitter.com/RyanPaulCondie
...more
12min

FAQs about Let’s Buy a Business:

How many episodes does Let’s Buy a Business have?

The podcast currently has 358 episodes available.

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