Episode of My First Million with Sam Parr and Shaan Puri.
Topics
- Introduction: The Reality of Buying an Unsexy Business
- Dan Certain’s Background: From Facebook Fraud to Startup CTO
- The Decision to Buy a Business: The ‘Cheat Code’ Strategy
- Case Study: Acquiring Fleet Packaging for $3.4 Million
- Financing the Acquisition: SBA Loans and Forgivable Seller Notes
- The Search Process: Brokers, Memos, and the Secretary Problem
- Due Diligence: The ‘Financial Colonoscopy’ and Shadowing the Owner
- Operating the Business: Cash Management and Profit First
- Brainstorming: Family Entertainment and Unsexy Service Businesses
- The Sabi Sushi Story: Planning vs. Productivity