Searching during COVID_19, what will happen with small businesses, and what questions to ask yourself to move forward during this weird time.

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

Ryan looked at a small business to fund his search forever. Cool business but he got conflicting advice based on the advice giver's own financial situation. This business did not fit into his target of companies and he talks about how he can make it fit his target.

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

COVID_19 is destroying health and economies across the globe. The shutdown has been devastating to small businesses. Ryan goes through a few predictions and how to take advantage of a buyers market.

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

Ryan jumped into 3 businesses: B2B SaaS, a National Lead Gen Company, and a subscription eCommerce company.

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

Today is the first day in a month that has been really frustrating. Ryan does not feel like he is making progress. When you search for a company, you don't create anything, sell anything or feel like you did anything productive.

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

• http://letsbuyabusiness.com/

Ryan sold a business 2 months ago and shares a few tips for buyers on what they should look for when buying a business.

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

• http://letsbuyabusiness.com/

Buying and selling businesses is an emotional dance. Logic does not prevail most times. Ryan made 2 offers on 2 different businesses yesterday. Both could be awesome and are vastly different.

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

• http://letsbuyabusiness.com/

We're not flipping businesses like you can with houses in 90 days. Businesses are assets. They grow based on how you treat them.

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

• http://letsbuyabusiness.com/

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/