5 • 683 Ratings
🗓️ 12 June 2025
⏱️ 51 minutes
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0:00.0 | I don't know what I'm doing and I don't have capital. |
0:03.0 | That was both of us when we started. |
0:04.0 | What's some advice that you normally give? |
0:06.0 | You're looking for the right deal. |
0:07.0 | I've bought the wrong business before and I'm still feeling the repercussions of that. |
0:11.0 | Spend your time early on building a network of people. |
0:14.0 | Find people that are doing this that are a few steps ahead of you |
0:17.0 | because that's where you find your partners, that's where you find where you're going to, |
0:20.9 | like the networking piece is really important. One thing that like no one's going to really |
0:25.6 | teach you or when you're dealing with the seller, call third parties to verify like what the |
0:31.4 | business is like knows or where you get your red flags or yellow flags or you're just more ready |
0:35.6 | for what you're walking into. We took on $700,000 of investment. |
0:40.9 | And how long did it take us? |
0:42.1 | A week and a half. |
0:43.2 | Yeah. |
0:43.5 | And we raised all of that within Action Academy. |
0:46.3 | We never posted publicly. |
0:48.2 | We picked up the phone and we called people. |
0:50.1 | The thing about small businesses, you only have to be right once. |
0:53.6 | You need one good deal. |
0:57.9 | Boys, cheers. |
0:59.8 | Welcome to Action Academy, the first Action Academy podcast inside an Action Academy business. |
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