Bought & Sold 13 Companies - Also sold 100,000 Copies of "The How To Buy A Good Business At A Great Price"
Jon Stoddard
Investor + Host of "Top M&A Entrepreneur's Podcast" + I can help you Buy a Million Dollar Business
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, Ray Dalio's son, dying in car accident
领英推荐
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...
Links
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About
Top M&A Entrepreneurs Podcast is where we talk to acquisition entrepreneurs active today to ask them about their process, where and how they source their deals, their journey, what they had to overcome, obstacles, Industries they work in, how they analyze deals, valuations, and pricing, negotiating the deal, due diligence, transition planning and closing. Our guests have acquired over 500 businesses and over $53 Billion in Value!
Businesses & Real Estate Sales
2 年I bought Richards course in 2004 and over the next 15 years bought, built & sold 10 businesses to become financially independent! Richard is always available to consult with and he is the real deal, love this guy!
?Middle Market M&A?
2 年I bought Richard’s course in 2010. Good stuff.