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Creative Capital

Creative Capital Podcast 356: Business Acquisitions = Massive Cash Flow

Creative Capital

Josh Ferrari

Investing, Business

51.1K Ratings

🗓️ 9 April 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

In this episode, we dive into the dynamic world of real estate, exploring the shifts and strategies that have shaped our company's trajectory over the past 18 to 24 months. Amidst market fluctuations, we tackle misconceptions about real estate investment and share our journey of adapting to change and finding success in new ventures. From seizing opportunities in RV park development to optimizing operations through strategic hiring and automation, we reveal the key elements driving our growth and time freedom. With insights into daily operations, investor relations, and the importance of mentorship, we offer a glimpse into the realities of running a thriving business while balancing personal priorities. Whether you're a seasoned investor or just starting out, join us as we navigate the complexities of real estate and share valuable lessons for achieving both financial and time freedom. If you're curious about diving deeper or exploring opportunities with us, visit our website and schedule a call—we're here to help you succeed.

 

How to connect with Joshua Ferrari:

Ferrari Capital

https://ferraricapital.com/ 

https://www.facebook.com/joshua.ferrari.16/ 

https://www.linkedin.com/in/joshuaferrari/ 

Transcript

Click on a timestamp to play from that location

0:00.0

What's up everybody? Welcome back to this week's segment of the no limit minute and I'm

0:07.2

excited to talk with you guys about something that we recently been working on and

0:11.1

to be honest with you we've been working on it for over two years long term

0:16.5

long term deals usually end up being some of the better deals am I right

0:20.5

consistency and follow up all the above. So anyway we just bought a business. So most of you

0:30.8

are probably thinking okay business, what kind of business did they buy?

0:35.6

We've talked about it before, so if you listen to me for any length of time, you already know what

0:39.7

business we bought. But if you haven't, then you have no idea what I'm talking about. It's not real estate related, but there is a real estate play to the transaction. And the other reason that we bought the deal was because A, it was a really great opportunity.

0:55.0

B, it somewhat fell in our lap.

1:00.0

And C, the owner is actually going to stay on and run the business.

1:07.0

So a lot of times when people think about business acquisitions you're like,

1:10.0

oh, we are literally just buying herself another job because it's true.

1:13.0

Businesses, especially businesses,

1:15.8

that sell product, right?

1:16.9

You have to work in the business day in and day out

1:20.1

or else you're not, you're not selling the customers, right?

1:23.4

You're not making any money.

1:26.3

Even if you buy an online business,

1:27.8

there's way to streamline it, but you still have a lot of work to do

1:30.7

for marketing and branding and product fulfillment and customer relations on the back in and all that gets done.

1:39.0

So we don't have to worry about that because the owner's going to stay on and we're going to hire another individual to help us actually run the business.

1:45.6

So I'm going to give you guys someone at the low down here of what business we're buying, what the plan is to do with the business,

...

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