6 Biggest Mistakes Entrepreneurs Make When Buying Businesses with Elliott Holland
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 21 October 2021
⏱️ 23 minutes
🧾️ Download transcript
Summary
Elliott Holland is a business buying expert. He has a Harvard MBA & almost 15 years experience in acquisitions. His consulting company prevents clients from losing millions buying bad businesses.
Top 3 Value Bombs:
1. Be careful in falling in love with sellers too quickly.
2. Never miss an opportunity to build rapport, that's critical to getting deals done.
3. The best time to bring in advisors is 3-6 months after you start your search, or about a month before you get serious about a particular deal.
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Transcript
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| 0:00.0 | Light that spark fire nation JLD here and welcome to entrepreneurs on fire brought to you |
| 0:08.2 | by the HubSpot podcast network with great shows like a business infrastructure. |
| 0:12.8 | Today we'll be breaking down the six biggest mistakes entrepreneurs make when buying businesses |
| 0:18.2 | to drop these value bombs. |
| 0:19.3 | I've brought Elliot Holland into EO fire studios. |
| 0:22.8 | Elliot is a business buying expert. |
| 0:25.4 | He has a Harvard MBA in almost 15 years experience and acquisitions. |
| 0:30.0 | His consulting company prevents clients from losing millions buying bad businesses. |
| 0:34.8 | In today's fire nation we'll talk about falling in love with businesses. |
| 0:39.2 | We'll talk about leaving your clipboard at home and about believing more in adjustments |
| 0:42.6 | than cash flow. |
| 0:44.0 | And when is the right time to bring in advisors and so much more when we get back from |
| 0:48.2 | thank-in-our sponsors? |
| 0:50.8 | Are you looking for a proven business coach who has helped thousands of entrepreneurs |
| 0:53.9 | just like you to increase their profitability by an average of 104 percent per year all |
| 0:58.5 | for less money than it would cost to hire a full-time minimum wage employee. |
| 1:02.8 | Schedule your free consultation today with Clay Clark, a former small business administration |
| 1:07.3 | entrepreneur of the year at thrivetimeshow.com slash fire. |
| 1:12.1 | Interested in BDB sales strategies? |
| 1:14.0 | This salesman podcast is the world's most downloaded B2B sales podcast host Wilburon helped |
| 1:18.9 | sales professionals learn how to find buyers and win business in a modern effective and |
| 1:22.5 | ethical way. |
... |
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