261: Buying a Business at a Great Price! Over 30 Years of Biz Buying & Selling - Richard Parker of Diomo Corporation.

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.7 • 2K Ratings

🗓️ 1 January 2024

⏱️ 192 minutes

🔗️ Recording | iTunes | RSS

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Summary

Richard Parker is the founder of Diomo Corporation – The Business Buyer Resource Center and author of the How To Buy A Good Business At A Great Price series. Richard has purchased thirteen of his own businesses and has been an advisor and broker to small business buyers and sellers for over three decades. He has written and been featured in more than 300 articles on the subject of buying businesses in The New York Times, Entrepreneur Magazine, The Street.com. He is also a weekly contributor to Forbes Magazine. He was recently nominated for Inc. Magazine’s ‘Entrepreneur of the Year’ award. This Episode is Sponsored By: Jon Ostenson, Founder of FranBridge Consulting and Top 1% US Franchise Consultant is here to help you explore the world of non-food franchising opportunities today. Jon and his team are part of the largest brokerage in the US and have vetted the market thoroughly. FranBridge is hands down the premier source of the best opportunities in the non-food franchising world. You can hear more of Jon’s story and how he started FranBridge Consulting on Episode 250 of our podcast. Sign up for a free consultation call with Jon today at millionaire-interviews.com/franbridgeconsulting and receive a FREE copy of his new book Non-Food Franchising. Franbridge Consulting offers five more non-food franchise opportunities in 2024 that you can explore. FranBridge is hands down the premier source of the best opportunities in the non-food franchising world. You can hear more of Jon’s story and how he started FranBridge Consulting on Episode 250 of our podcast. Sign up for a free consultation call with Jon today at millionaire-interviews.com/franbridgeconsulting and receive a FREE copy of his new book Non-Food Franchising. Want to Support the Show? Well we'd love for you to join our Patreon Group! What's in it for you? Well you'll instantly get a scheduled call from Austin, where he'll help you with your current or future business... Sign-Up Now at millionaire-interviews.com/patreon. 😀😎😍 *** For Show Notes, Key Points, Contact Info, Resources Mentioned, & the Fabulous 4 Questions on this episode visit our website: Richard Parker. *** Support this Podcast via Patreon Feedback? Questions? Comments? We would love to hear from you! Hollar at us via: Facebook Group (@MiPViPs), or Twitter (@acpeek or @millionairepod), Instagram (@millionaire_interviews), LinkedIn (@austincpeek), Facebook (@millionaireinterviews), or Email: [email protected]. 😎😍😀

Transcript

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0:00.0	You know, follow this con man's course and it happens to people all the time.
0:05.9	It just makes my blood boil, like I feel obligated to set the record straight with people.
0:10.8	Could it happen once out of a thousand times? Yes, but you'll spend the next five years trying to find that one over a thousand businesses.
0:17.0	Sounds terrific, doesn't it? Sounds pretty good, right? The only thing is you don't take into account or I didn't take into
0:25.1	account in my sheer brilliance is what if the stock goes down? Well the stock
0:29.7	pardon my friend shit to bed. The thing that I want to really impart to people is it's doable.
0:39.0	I mean anybody can do it.
0:40.0	Not everybody will, but anybody can do it. And for those that own businesses
0:44.6	currently, they should be looking at this in two ways. Number one is, you know, I
0:51.9	saw one ad not long ago. They said buy a business throwing off $250,000 a year of
0:56.4	cash flow for no money down and complete the transaction in 30 days.
1:00.3	I'll tell you what I'll eat the building that I'm in right now if that's possible.
1:05.0	If you wait for the right time, the right time never materializes
1:09.0	because you could always talk yourself out of doing anything.
1:15.1	My name is Richard Parker.
1:16.6	I'm 62 years old.
1:18.2	I still feel 18.
1:20.0	And I'm coming to you live and in person from South Florida. I live between Fort Lauderdale
1:24.9	and West Palm Beach in a city called Boca Raton. And what's your company? My company
1:29.6	is Diomo Corporation and Richard Parker.com that's on the buyer education piece and
1:35.2	then I do my M&A work through Roy Street Advisors.
1:39.8	So I guess it sounds like kind of three companies. Is there one specifically that you're best known for?
	...

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