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Determining your Normal Home Mode (Emotional Home) Mar 27, 2024

Show notes

Emotional Homes.

It's not what is the best for us, it's what we're used to.

"The quality of my life is the quality of my habitual emotions. Our habitual emotions are our emotional homes. It's what we are conditioned to return to."

- Tony Robbins

Sponsors: Ampleo: The Go-To Source for Financial Due Diligence https://lp.ampleo.com/transaction-advisory

Ready to level up? Join the Let's Buy a Business Community https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community Use Code: Founder24 for 30% forever and a free 1:1 call with me.

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

Newsletter - Stay Up to Date https://lbab.beehiiv.com/subscribe

Tony Robbins - Emotional Home - YouTube https://www.youtube.com/watch?v=hfNOXhDpXOk&t=19s

Real-Time: How to Fund Austin's Search with Austin Mar 20, 2024

Show notes

Austin Larson is 6 months into his search. We jump into how he can fund his search and tweak was he is looking for. Real-Time.

This is a unique episode. Many searchers are going through this same problem.

Podcast Nuggies: - His background so we can understand his value adds - Reducing Burn + Light W2 Options - How to contact business owners + Joint Venture Options - Brainstorming Local Businesses + Consulting

Sponsors: Ampleo: The Go-To Source for Financial Due Diligence https://lp.ampleo.com/transaction-advisory

Ready to level up? Join the Let's Buy a Business Community https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community Use Code: Founder24 for 30% forever and a free 1:1 call with me.

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

Newsletter - Stay Up to Date https://lbab.beehiiv.com/subscribe

Connect with Austin: LinkedIn https://www.linkedin.com/in/austin-larson-85528549/

What is the difference between EBITDA vs SDE? (with a cash flow bonus) Mar 03, 2024

Show notes

Alright, a question I get often.

What is the difference between EBITDA vs SDE? We dive into a few high-level differences to watch out for when evaluating businesses.

EBITDA is typically used for larger businesses ($2-3M+ Profit). SDE is typically used for smaller businesses.

BUT neither of those is cash flow.

A few podcast nuggies: - SDE is not Cash Flow - Loan payments don't show up on the P&L many times - If you take a business with no debt, stack on 80%+ debt, you are fundamentally changing the entire business structure. You are ADDING risk here.

You can get into trouble if you only take their costs vs WHAT YOUR costs will be.

Sponsors: Ampleo: The Go-To Source for Financial Due Diligence https://lp.ampleo.com/transaction-advisory

Ready to level up? Join the Let's Buy a Business Community - https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community Use Code: Founder24 for 30% forever and a free 1:1 call with me.

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

Newsletter - Stay Up to Date - https://lbab.beehiiv.com/subscribe

How to Transition from Corporate Career to SaaS Entrepreneur and Buyer With Mitch Woodhead Mar 01, 2024

Show notes

Mitch Woodhead went from software sales to Salesforce consultant to buying a SaaS business. What a ride here.

This is one of my favorite episodes. Mitch opens up about how he taught himself Salesforce, got his first client, transition to consultant to free up his time and search more. He then opens up about his acquisition, what he did right and what he'd do differently.

Podcast Nuggies: - W2 to Consulting to Buying - How to fund your search - How to Stand out with Sellers - Why he liked his deal

Sponsors: Ampleo: The Go-To Source for Financial Due Diligence https://lp.ampleo.com/transaction-advisory

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

Newsletter - Stay Up to Date - https://lbab.beehiiv.com/subscribe

Connect with Mitch: LinkedIn - https://www.linkedin.com/in/mitch-woodhead-50483bb1/

Using ROBS 401K to Buy a Business with Diane Rosenkrantz Feb 24, 2024

Show notes

Diane Rosenkrant has served as a Senior Consultant with Tenet Financial Group since 2009. She is detail-oriented which is so critical with tricky 401K ROBS.

This is a special episode and can be A GAME-CHANGER for many. ROBS 401K - Rollover as a Business Start-Up

Podcast Nuggies:

What is a 401k ROBS?
What can a ROBS 401K be used for?
What mistakes do people make?

Sponsors: Ampleo: The Go-To Source for Financial Due Diligence https://lp.ampleo.com/transaction-advisory

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

Newsletter - Stay Up to Date https://lbab.beehiiv.com/subscribe

Contact Diane: Email: diane@tenetfinancialgroup.com Phone #: 413-354-4662 TenetFinancialGroup.com

$0 to $140k/Month + An Exit with Spencer Patterson Feb 21, 2024

Show notes

Spencer Patterson is a fantastic entrepreneur. He built a business doing $140k/month in revenue with a several million dollar exit on the back end.

Podcast Nuggies:

Why He didn't hire a CEO
The Time and Emotional Drag of Selling a Business
Falling out of several LOIs
Term sheet - his non-negotiables

Sponsors: Ampleo: The Go-To Source for Financial Due Diligence https://lp.ampleo.com/transaction-advisory

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

Newsletter - Stay Up to Date https://lbab.beehiiv.com/subscribe

Connect with Spencer: SpencerPatterson.com X (formerly Twitter) https://twitter.com/SpencePatterson Youtube https://www.youtube.com/@saas

Not Enough - Inadequate Feelings | Let's Buy a Business Feb 16, 2024

Show notes

This is one of the most important episodes I've done in over 300+ episodes.

I had two similar and eye-opening conversations with 2 amazing humans.

Both were struggling with inadequate feelings.

"I'm trying to redefine what success looks like for me and fix my self-directed, inadequate feelings."

Let's dive in.

Need a beautiful and affordable website?

Check out www.NativeSites.com http://www.nativesites.com/

Ready to level up?

Let's Buy a Business Community https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community

Use Code: Founder24 for 30% forever and a free 1:1 call with me.

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

Newsletter - Stay Up to Date https://lbab.beehiiv.com/subscribe

February 2024 Mailbag Feb 14, 2024

Show notes

Thanks for Bishop, Zach, Luke!

How do I convince someone that their business is not worth some crazy multiple?

How to figure out what the true motivations are for selling?

What asset classes am I interested in right now?

Need a beautiful and affordable website?

Check out www.NativeSites.com

Ready to level up?

Join the Let's Buy a Business Community https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community

Use Code: Founder24 for 30% forever and a free 1:1 call with me.

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

Newsletter - Stay Up to Date https://lbab.beehiiv.com/subscribe

Online Trends + Cookies + Deal Structure in 2024 with Mushfiq Sarker Feb 09, 2024

Show notes

Mushfiq Sarker is amazing. He also is the founder of webacquisiton.com, thewebsiteflip.com, and many other agencies.

Since 2008, he's been buying, growing, and selling sites as a side business with many 6-figure exits. He is a Super Seller on Flippa's platform. Mushfiq has bought over 220 businesses.

Podcast Nuggies:

Due Diligence on eCommerce businesses
2023/2024 Trends around SEO and Content Sites
Structuring tricky deals. :)

Sponsors:

Need a beautiful and affordable website?Check out www.NativeSites.com

Ready to level up? Let's Buy a Business Community https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community Use Code: Founder24 for 30% forever and a free 1:1 call with me.

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

Newsletter - Stay Up to Date https://lbab.beehiiv.com/subscribe

Find Mushfiq:

www.WebAcquisition.com for any DD help
Twitter - https://twitter.com/TheWebsiteFlip
Check Out Mushfiq's Other Episodes here:

- Jan 2023 https://ryancondie.libsyn.com/the-website-flip-with-mushfiq-sarker-buying-over-175-websites-in-10-years
- Nov 2021 https://ryancondie.libsyn.com/mushfiq-sarker-150-websites-acquisitions-specific-deal-dive

Why Would Someone Sell a Perfectly Good Business Jan 30, 2024

Show notes

1. Business is Tanking....hm...is this a perfectly good business 2. Retiring 3. Health + Stress 4. Divorce - Common but not common 5. Partners Fall Out 6. Diversifying Net Worth - Risk 7. Exhaustion 8. Bored 9. Other businesses

Native Sites- Amazing Websites that convert: https://www.nativesites.com/

Let's Buy a Business Community: https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community

Stay Up to Date Newsletter: https://lbab.beehiiv.com/subscribe

YouTube: https://www.youtube.com/channel/UC89bz23mY5sXoYVniSpSOuw

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