Business Podcast | How to Get the Financing to Fund the Purchase of a Business
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 13 June 2023
⏱️ 54 minutes
🧾️ Download transcript
Summary
Business Podcast | How to Get the Financing to Fund the Purchase of a Business
STEP 1 - Determine if you are willing to work 6 days per week
STEP 2 - When buying a business, work not to get a loan
STEP 3 - When buying a business try not to get involved with the government
STEP 4 - Determine whether you are a resourceful person or not
STEP 5 - Determine value of the business
STEP 6 - Start the loan application process
STEP 7 - Determine the fixed and variable costs for running the business
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Transcript
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| 0:00.0 | Some shows don't need a celebrity in the radar to introduce the show, but this show |
| 0:05.6 | does. In a world filled with endless opportunities, why would two men who have |
| 0:11.1 | built 13 more-time million dollar businesses out-trustically invest five |
| 0:15.9 | hours per day to teach you the best practice business systems and moves that |
| 0:21.4 | you can use? Because they believe in you and they have a lot of time in their |
| 0:27.0 | hands. They started from the bottom. Now they're here. It's the strive-time show |
| 0:32.9 | starring the former U.S. Small Business Administration's entrepreneur of the |
| 0:38.3 | year, Clay Clark, and the entrepreneur trapped inside an optometrist body. Dr. |
| 0:44.8 | Robert Zuner, two men, eight kids co-created by two different women, 13 |
| 0:52.6 | more-time million-dollar businesses. Get ready to enter the drive-time show. |
| 1:22.6 | We are going to be teaching you answers to business financing questions. We're |
| 1:43.9 | joined here with Josh Pearl, a longtime client, based in Canada. Josh, we have the |
| 1:49.0 | opportunity to serve you guys and work with you and make a sense. I think it's |
| 1:53.1 | what I've been for five years at this point. I mean, you're looking younger all |
| 1:55.6 | the time. It's hard to keep track. Thanks, Clay. My wife doesn't think the same |
| 2:00.1 | thing, but thanks for that. You're welcome. Yeah, yeah, yeah. So in Josh is an |
| 2:04.3 | expert CPA based and based in Canada. And we're going to go over some questions. |
| 2:09.7 | We had a listener that they texted in today here. So this is the questions |
| 2:13.5 | from the listener. Question number one, what is the easiest best place to get |
| 2:17.9 | financing for a business? So Josh, I'm going to go first and then you can want |
| 2:21.5 | up me and I'll be taking notes. That's going to be kind of a rhythm here. I'll |
| 2:24.5 | answer you one up me. So here we go. When you're buying a business, try not to |
... |
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