Let's Buy a Business

Patrick McMillan from Amplēo does a deep dive into financial due diligence, cash flow, and business operations!

This guy knows his stuff and seen firsthand how bad things can get without proper due diligence and financial understanding.

Podcast Nuggies:

• Cash flow fundamentals
• Founder Fraud! What $1M disappearing does...
• M&A activity in early 2025—lots of quality of earnings reports happening, a balanced buyer-seller market.
• Take Action. You know what that means.

SMBs are the biggest target for cyberattacks. Protect your business with Inzo Technologies.

Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at [email protected].

Get expert M&A guidance, valuations, and fractional executive support from Amplēo.Learn more at www.ampleo.com/lets-buy-a-business-podcast/.

YouTube - Need more hands-on videos? - https://www.youtube.com/@letsbuyabusiness

Over the last seven years, Jodie has lived in different countries while managing her business, exiting, writing books, and training/competing as a powerlifter. She's just 32 years old (ish) and has put herself in a position to never work again—just for money.

She wrote Ten Year Career: Reimagine Business, Design Your Life, Fast Track Your Freedom.

We dive into… — Designing your life consciously — Businesses that are fun to run are more fun to sell — Systemizing your business — Stop acting like you're going to live forever — How to raise entrepreneurial kids

SMBs are the biggest target for cyber attacks.

Protect your business with Inzo Technologies.

Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at [email protected].

Get expert M&A guidance, valuations, and fractional executive support from Amplēo.

Learn more at www.ampleo.com/lets-buy-a-business-podcast/.

YouTube - Need more hands-on videos? - https://www.youtube.com/@letsbuyabusiness

Chase Murdock is a legend. He is one of the most genuine people I know and the founder of Decada Group. Decada Group is a holding company in Salt Lake City, UT.

He's self-funded a holding company with a custom suit shop, an art school, a construction company, and more.

Podcast Nuggies

• Building a holding company and long term businesses on their own terms
• Repeatable Playbooks across industries
• Digging deep for 12 months, and then Finding and Hiring World-Class CEOs

Need IT Help?

Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at [email protected].

Get expert M&A guidance, valuations, and fractional executive support from Amplēo.

Learn more at www.ampleo.com/lets-buy-a-business-podcast/.

YouTube - Need more hands-on videos? -https://www.youtube.com/@letsbuyabusiness

Nick Akers is incredibly talented in every niche or category he joins. I do not want to compete with Nick in anything. He started out as chemist, invented and patented several inventions, raised VC money and sold to a strategic before joining the family business.

After running the family business, Nick struck out on his own to acquire Inzo technologies.

Podcast Nuggies

• How to dial in your search criteria
• Where he'd spend more money during DD (QofE :)
• How to onboard employees to your VISION

Need IT Help?

Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at [email protected].

Get expert M&A guidance, valuations, and fractional executive support from Amplēo.

Learn more at www.ampleo.com/lets-buy-a-business-podcast/.

YouTube - Need more hands-on videos? -https://www.youtube.com/@letsbuyabusiness

James Richardson, a former PwC employee, shares his journey from the corporate world to small business acquisition.

This is such a fun episode with his background and the massive switch to business owner.

Podcast Nuggies:

• PwC to entrepreneurship!
• Confidence gained from high-pressure situations can be valuable in entrepreneurship.
• Understanding financial statements is crucial in small business acquisition.
• Finding off-market deals and leveraging warm introductions can be effective strategies.

Need IT Help?

Check out....www.inzotechnologies.com,

I-N-Z-O, or email Nick directly at [email protected].

Get expert M&A guidance, valuations, and fractional executive support from Amplēo. Learn more at www.ampleo.com/lets-buy-a-business-podcast/.

YouTube - Need more hands-on videos? -https://www.youtube.com/@letsbuyabusiness

Help! I'm trying to buy a business....and just realized it's non-transferable...now what?

A non-transferable business is dependent....

• On the owner
• The Owner Personality - they are locally famous.
• The Owner Network
• The Owner goodwill in the community.Or basically anything remotely close to those.

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

(ROBS) Business FinancingTenet Financial Group - www.tenetfinancialgroup.com - [email protected]

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

Need IT Help?

Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at [email protected].

Get expert M&A guidance, valuations, and fractional executive support from Amplēo. Learn more at www.ampleo.com/lets-buy-a-business-podcast/.

Deal Deep Dive! A few that I pass on and why...one that could be interesting. Rural ISP - https://www.bizbuysell.com/Business-Opportunity/rural-internet-service-provider/2332414/ White Label SEO Agency - https://www.bizbuysell.com/Business-Opportunity/white-label-seo-digital-agency-65-net-margins-100k-mrr/2338406/ B2B Equipment Distributor - https://quietlight.com/listings/15813144/

Need IT Help? Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at [email protected]. Get expert M&A guidance, valuations, and fractional executive support from Amplēo. Learn more at www.ampleo.com/lets-buy-a-business-podcast/.

I did something stupid, and I'm going to do it again.Here is a brief story about achieving one of my massive life goals: running a 100-mile race in the mountains.

206,000 Steps 23,000 ft of elevation increase 55,000 ft of elevation change 33 Hours 6 Huge Bucks 1 Fat Porcupine 1 Angry Bull Moose 0 Barfs and...100 Miles

Want to learn more about my trail adventures?

Go to Ultrasignup.com and search my name.

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

Need help with IT in your SMB?

Inzo Technologies offers complimentary IT audits of your business. Check out more at inzotechnologies.com or contact the owner Nick at [email protected]

Get expert M&A guidance, valuations, and fractional executive support from Amplēo. Learn more at ampleo.com/lets-buy-a-business-podcast/

Darin Pierson is a CPA and an entrepreneur. He's started businesses and even bought a business too. This is a critical episode for anyone getting real on buying / scaling a business.

Darin always created the FREE SMB Financials Class on our site.

Podcast Nuggies:

• Optimizing taxes versus making a business attractive for sale.
• Cash vs. Accrual Accounting
• Reconciling Book Income and Taxable Income
• Tax Saving Tips

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Am I picking the right partner?

1. Trust
2. Complementary Skills
3. Shared Goals and Lifestyle
4. Commitment Level
5. Assessing Risk

A Few Key Questions:

What do you want out of this business?

What is success here?

What if we have an extra $50k in profit? What would you want to do with it?

MORE COMMON - What if we needed to put in extra money into the business? Can you do that?

Equity split...

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.