How I Judge Potential When Looking To Purchase Online Businesses

The Exit - Presented By Flippa

Technology

5.0 • 420 Ratings

🗓️ 19 October 2020

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Richard Patey, owner of the website investing.substack.com, talks about his experiences in website investing and how it can quickly grow your capital. Richard is a leader in the digital entrepreneurship playground and is rich with knowledge on growing, and exiting, in that space. -- The Exit - Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on https://flippa.com/the-exit-podcast/

Transcript

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0:00.0	Hello and welcome to the exit presented by Flippa. I'm your co-host, Steve McGarry. This is
0:16.0	a 30 minute podcast featuring amazing entrepreneurs who have been there and done it. They've built businesses,
0:21.2	they bought businesses, they've sold businesses, and we get to learn Front Row as to some of the tricks
0:27.6	and the tips that they have to share. On this special episode I sit down with Richard Pady and we
0:33.7	talk about everything from website investing to podcasting and content creation and how he's
0:39.9	gone there into Flippa and done an incredible job of now teaching people how to buy and sell
0:45.7	businesses on a podcast and a newsletter. But before we jump into this interview, definitely check
0:50.8	out my previous interview with Jeff Weiner. He was an incredible guy talking through post-acquisition,
0:57.6	what it's like mentally and how we can work through it together and talking about that kind of
1:03.6	topic is really important. So definitely check that out with the links wherever you're listening
1:07.2	to this on Spotify, iTunes, SoundCloud, YouTube. Definitely check that out. So on this episode sitting
1:12.9	down with Richard Pady, it was really great to go through some of the things that he's learned
1:18.8	in buying and selling all of these different businesses and now teaching other people to do it
1:24.0	is a really fantastic way and a very fulfilling way of making your dream a reality. So I really love
1:30.8	having entrepreneurs on like Richard because he can sit down and say I started from scratch here
1:36.7	and now I am here teaching people how to do what I did which was scale up a portfolio of all these
1:42.7	amazing online businesses. So without further ado, let's dive into my interview with Richard.
1:48.6	What's up guys? I am here with Richard Pady, the owner of investing.substac.com. How's it going,
1:56.4	Richard? I'm good. Thanks for having me on the show. Is this going to be one of the very first
2:02.8	episodes? Yeah, you're going to be in the first run, the first group of people touch the world that
2:10.0	is the flip-flip community. So it's very exciting to have you on and share your story.
2:17.6	Good stuff. So diving in, I think one of the things that I really want to touch
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