Our Kids Know Their Shit!
You think you're the buyer, but...
Proving it.
SBA requirement.
Transitioning a Business (The Pizza Pub Takeover)
Skipping school to buy a bar.
No staff, no inventory system, daily grocery trips.
Calling all beer distributors.
Three questions to ask for transition brainstorming.
Writing Your First Letter of Intent
Elements of the Letter of Intent
Price needs to be stated.
Binding?
Exclusivity?
Strategy of Standing Out-Women Owned Business Designation
Buy a "boy business".
Qualify as a Women Owned Business.
Partner with a Silver Tsunami.
Sc-Sc-Scariest Thing in the World for New Buyers
Elements of the Letter of Intent
Price needs to be stated.
Binding?
Exclusivity?
SmallDeals = HugeGains
Ignore the big boy mantras.
Buying a job is a great step to success.
You're not married to the business.
Connections-->
Overnight success takes time and effort.
Start collecting snowflakes. (Not that kind!)
Momentum builds from activity, not stagnation.
Step #1 to Buying a Small Business
Know thyself.
Developing your personal Investment Thesis.
The Kirkman 4 K approach.
Bizbuysell.com, the Tinder of business buying.
Wealth, Acorns and Entrepreneurship
Cash is King, or Queen!
Rich people are generous.
Inspiring stories of women entrepreneurs.
You are the acorn.
Buy the Business You Work for?
The trust is already built.
It's an easy solution for your boss/seller.
The business can pay for itself.
Your Balance Sheet
The Balance Sheet shows a snapshot of your company at one point in time.
BS accounts never start over. They have a life just as long as the company itself.
A negative Retained Earnings doesn't always indicate a bad biz.
Sample BS provided.
Step #3 to Preparing Your Business for Sale
The book report of your business:-)
The company’s history/overview and claim to fame!
Outline provided.
5 Ways to Get Money to Buy a Business
It may seem impossible now.
Even poor people can buy businesses.
Pick one of the five ways, or combine them.
First Meeting Battle Prep
Selling yourself to the business owner.
Asking the seller for a loan?
A list of DOs and DON'Ts.
The 4 Ks of Buying a Business
Starting a business from scratch is begging for failure.
Do you have to be Elon to buy a business?
The 4 Ks of Knowledge to become a business buyer.
Into the Depths of Depreciation...
What needs to be depreciated?
What are the options when depreciating an asset?
How do you read a depreciation schedule?
What is the relationship between cash and depreciation?
One Business-Two Prices?
Old equipment vs new equipment.
The big deal of Goodwill.
Stock sale or asset sale.
It's all about taxes and depreciation.
Work Worship
The work-life balance debate.
Blending the two for ultimate impact.
Acquisition entrepreneurship for the win.
Flipping Restaurants
Almost everyone has wanted to own a food and bev biz at some point.
Owning a restaurant can be like owning an apartment building.
Your restaurant can also serve as your sole practitioner office space.
Let's Get Wealthy with ESOPs!
The Publix poster child.
Great acquisition tool.
Perfect for estate planning.
Saving the tax burdened cannabis industry.