What Ryan is learning and lacking so far: his financial statement literacy and maybe contacting more investors. Is this company worth buying or can he start a similar business and get to the same place with a fraction of the costs?

Episode Resources

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

• http://letsbuyabusiness.com/ 

“Strong partnerships come from strong contracts.” Stephen Walter is a wealth of knowledge and an attorney that manages a fund for angel investors. Stephen personally has bought and grown his own business which he discusses in this episode. He jumps into the legal side of buying a company and ways to think about contract structure.

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

Ryan dives into 3 more deals that he has looked into. These 3 deals are pretty awesome and ones that fit his wheelhouse for skill sets.

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

There are 2 ways to fund your search, as in pay your mortgage and Costco runs. Ryan dives into what a search fund is and how to self fund your search so you have a huge upside.

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

Ryan covers the differences in building your own deal flow vs working through broker deal flow. Both ways are super valuable and you need to approach the business buying from both avenues.

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

Ryan brings Jeremy Neven on how best to network and use local brokers. Jeremy is a mountain of information on how to work with brokers, how first time buyers can build their network, and how to approach a deal.

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

• http://letsbuyabusiness.com/ 
• Connect with Jeremy Neven: 
• https://www.linkedin.com/in/jeremynevens/
• https://www.alpinebusinessbrokers.com/ 
• [email protected] 

Ryan talks with 3 owners who bought a business, and wish to remain anonymous. He discusses the businesses that were acquired, how they structured the deals, and how much they put down to acquire them.

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

Income and Wealth Multipliers work for you or against. If you own equity, you can get a multiplier on your efforts. If you are an employee, you make a fraction or a small percentage of your efforts. It's not bad, it's just how the system is created. Be aware of how income and wealth multipliers work in your own life.

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

Ryan Condie breaks down the area to find the right marketplace and broker to find businesses for sale. He also provides a few ideas on how to create your own deal flow outside of brokers.

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

Ryan goes deeper into the criteria he picks for finding a business. He goes through a series of questions, his background and strengths and his ideal lifestyle for his criteria. Internet-based company with 2+ years (ideally 5 years) of history from a US citizen that makes $250k+ in EBITDA.

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