How To Purchase A Good Business At A Great Price And Capitalize On The Best Buying Opportunity in Decades Using These Simple Steps | Richard Parker
Millionaire Mindcast
Matt Aitchison
4.4 • 716 Ratings
🗓️ 27 November 2023
⏱️ 56 minutes
🧾️ Download transcript
Summary
In this engaging episode, we welcome Mr. Richard Parker, a seasoned expert in mergers and acquisitions (M&A) with decades of experience in helping people around the world buy and sell businesses. With a deep connection to influential financial minds, including the Dalio family, Richard shares his extensive knowledge and insights on the current landscape of business ownership and M&A.
Key Discussion Points:
-
[00:00:00] Introduction of Richard Parker and the timely nature of the discussion in the current economic landscape.
-
[00:01:15] Richard's unexpected journey into the world of M&A and his initial steps into entrepreneurship.
-
[00:04:26] The transition from working for a company to negotiating exclusive rights and starting his own venture.
-
[00:06:20] Richard's experience with acquiring the rights to Sega video for Eastern Canada and its impact on his business growth.
-
[00:09:40] Insights into successful business acquisitions and the strategy behind reinvesting in multiple businesses.
-
[00:11:32] Richard's decision to pivot and move to Florida, leading to new business ventures and acquisitions.
-
[00:13:18] The inception of Richard's course on buying businesses and its success in helping thousands globally.
-
[00:18:42] Current opportunities in business acquisitions and the importance of buying solid, stable businesses.
-
[00:21:08] Challenges faced by individuals in buying businesses and the importance of having specific acquisition criteria.
-
[00:23:55] Richard's five golden rules for buying a business and the importance of aligning them with personal skills and preferences.
-
[00:30:36] The process of due diligence and financing in business acquisitions.
-
[00:37:07] Non-negotiables in due diligence and the significance of trust in business transactions.
-
[00:42:02] Richard's outlook on the business buying and selling landscape in the next 12-24 months.
Notable Quotes:
-
"It's not just money straight going into your pocket. There's a cost of living, etc. So I was thinking about how the hell am I going to get out of this mess?" - Richard Parker
-
"If you're waiting for a perfect business, go get a job. Because entrepreneurship is not for you." - Richard Parker
Calls-to-Action:
-
Text 'XRAY' to 844.447.1555 for a free financial portfolio review.
-
Text 'DEALS' to 844.447.1555 for private investment opportunities.
-
Follow @officialmattya on social media platforms.
-
Visit Shop.MillionaireMindcast.com for all our latest resources and merchandise.
-
Subscribe and share the podcast to support the channel.
For more information on Richard Parker and his expertise in business acquisitions, visit RichardParker.com.
Episode Sponsors:
HelloFresh: Visit https://hellofresh.com/50mindcast or Use the code 50MINDCAST to get 50% off plus free shipping!
Caldera Lab: Visit https://calderalab.com/MINDCAST or use the code MINDCAST to get 20% off!
Uplift Desk: Visit https://www.upliftdesk.com/mindcast or use the code MINDCAST for a 5% discount!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | What's going on, guys? Welcome into today's episode. I've got a great interview with probably |
| 0:15.5 | one of the most experienced and tactical business buying experts that I have come across in my career. |
| 0:23.6 | And I will tell you this. |
| 0:24.4 | I talk to and have been around a lot of people that are experts in guru and the business |
| 0:30.5 | buying and selling space, the M&A space. |
| 0:33.8 | And there's probably nobody else out there right now that has his level of experience and |
| 0:41.5 | expertise and reputation. Now, don't get me wrong, the Cody Sanchez's of the world and many |
| 0:46.7 | of the other people that are playing in the space and have good brands and really leverage |
| 0:50.6 | marketing at a high level. Some of them are great, but I will say that Richard's |
| 0:56.1 | experience, here I'll put it this way, there's no reason other than him being a complete badass |
| 1:04.0 | that the Dahlio family, Ray Dahlio, hired him to teach one of his sons how to buy businesses. |
| 1:12.1 | He's published 200 plus articles in Forbes, New York Times, all the main publications that look |
| 1:19.3 | for true authorities and experts. |
| 1:21.9 | And today's interview is going to showcase that with just how great Richard is at breaking down and explaining |
| 1:29.3 | how to buy a business, what to look for, how to do due diligence, how to structure these |
| 1:35.4 | deals, and all the things that you shouldn't, shouldn't do. So if you're somebody that is either |
| 1:39.9 | looking to acquire business or getting into business ownership, this is a must listen. And if you're a |
| 1:46.7 | seller or you're somebody who owns a business that is looking to buy more businesses to scale |
| 1:53.6 | growth, income, team, this is a phenomenal interview in addition to Richard just being a great resource for you |
| 2:04.0 | for somebody that you can tap into going forward to connect some of the dots on potential opportunities. |
| 2:10.7 | So with that being said, don't forget to subscribe. If you haven't subscribed to the podcast yet, |
| 2:15.8 | don't forget to leave a review. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Matt Aitchison, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Matt Aitchison and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.