Jon talks to Richard Parker about his journey and the 13 companies he purchased and sold. Then he sold over 100,000 copies of his course "The How To Buy A Good Business At A Great Price". Richard Now runs Roy Street Advisors which represents business owners, prospective buyers, and family offices in their quest to exit or acquire businesses with EBITDA of $1.0 million and higher.
Notes
00:00 Intro
00:00 I bought his How to Buy a Business course in 2005
01:05 How he started - $60k in debt
02:00 Dumb luck landing Sega took $30 million
04:50 His first offer on business was a disaster
06:30 What were red flags?
09:55 Can brokers be impediment?
10:15 From Launch to 100,000 course sales
14:02 Distressed businesses "dis causes a lot of stress"
14:30 Nobody sells a good business for no money down
17:43 Buy a business and think about selling it
19:00 His Buying Binge
28:15 Document Prep acquisition- so much demand
35:40 Getting hired by the Ray Dalio Family Office
36:10 His partner dying in car accident
40:30 Joining Roy Street Advisors - Sell side
42:02 Too big to be small, $1m to $5m ebidta
44:01 Is the business buying course relevant today?
49:25 75% business won't get sold...
Jon Stoddard Podcaster
Jon talks to the "Top M&A Entrepreneurs". Our guests have acquired over 600 businesses and over $52 Billion in Value!
Jon talks to the "Top M&A Entrepreneurs". Our guests have acquired over 600 businesses and over $52 Billion in Value!Listen on
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