My bid from 4 weeks ago was back on the table after two weeks and now I'm a week into being under LOI. We are way deep into Due Diligence. A few key takeaways....you need a network to tap into immediately in given fields and find underutilized assets within businesses.

Episode Resources

• Connect with Ryan Condie 
• http://linkedin.com/in/ryancondie 
• http://letsbuyabusiness.com/ 

50 years in the Aerospace Industry: from getting nearly fired, to buying and selling companies in Aerospace. Jordan always had creative solutions and bet on himself to make things happen. He invested heavily in his employees and gave them a massive upside that led to a $3M acquisition to an $88M sale only 8 years later.

Episode Resources

• Connect with Ryan Condie 
• http://linkedin.com/in/ryancondie 

• http://letsbuyabusiness.com/ 
• Connect with Jordan Law
• [email protected] 

Rick Jordan is a cyber-security expert, small business owner, host of the podcast All-In with Rick Jordan, AND buys businesses in his space. We dive into hidden tunnels in Las Vegas, how SMB's can avoid cyber threats and his roll-up strategy for cybersecurity firms.

Episode Resources

• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie 

• http://letsbuyabusiness.com/ 
• Connect with Rick Jordan
• Cyber Crime (Movie on Amazon) - https://amzn.to/3j4wV4n
• https://www.libertylockdown.com/libertylockdownteaser 
• http://www.rickjordan.tv/ 
• https://www.instagram.com/mrrickjordan/
• https://twitter.com/mrrickjordan
• https://www.facebook.com/mrrickjordan/

Darren is our attorney from the last episode who also owns an OrangeTheory Fitness franchise. He dives into franchising and what helped him launch into profitability.

Episode Resources

• Connect with Ryan Condie 
• http://linkedin.com/in/ryancondie 

• http://letsbuyabusiness.com/ 
• Connect with Darren Neilson
• [email protected] 
• Phone: 801-536-6950

Darren Neilson is an acquisition attorney who focuses on bankruptcy sales. He helps transition businesses during bankruptcy and is a wealth of knowledge around legal, acquisitions, and interacting with attorneys.

Episode Resources

• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/ 
• Connect with Darren Neilson
• [email protected] 
• Phone: 801-536-6950

You fail in 3 ways in buying a company. 1. Buying a bad business 2. Running out of money 3. Running out of patience.

Episode Resources

• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/

What if you put $100k down, buy a million-dollar business, grow it 10% (super conservative), pay off debt aggressively, then sell it in 4 years for ~$1.2M and pay yourself ~$250k/year for 4 years...Not bad.

Episode Resources

• Connect with Ryan Condie
• http://linkedin.com/in/ryancondie 
• http://letsbuyabusiness.com/ 

Every decision has risks and opportunities with it. One I've been thinking a lot about is how fluffy it feels to talk about buying a company. When push comes to shove, will you actually borrow $1M to buy an awesome asset that you can grow 2-3x?.....you still owe someone $1M and many can't sleep at night with that over their heads.

Episode Resources

• Connect with Ryan Condie 
• http://linkedin.com/in/ryancondie 
• http://letsbuyabusiness.com/ 

Matt was the main guy going in to acquire businesses to run them. His Private Equity company bought 18 businesses in 18 months with Jared Zemp. We also breakdown how to use new tactics from online to offline businesses.

Episode Resources

• Connect with Ryan Condie 
• http://linkedin.com/in/ryancondie
• http://letsbuyabusiness.com/ 

• Connect with Matt Blackwelder
• https://www.linkedin.com/in/matthew-blackwelder-004a91b1/

You can't just replace your job. Be real about the opportunities for growth and if you have the skill sets or ability to grow it. If your business requires a new location (like a new restaurant location) to double capacity, be weary of this deal. You're replacing your job.

Episode Resources

• Connect with Ryan Condie 
• http://linkedin.com/in/ryancondie 
• http://letsbuyabusiness.com/