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The Rich Somers Report

How to Value, Acquire, and Optimize Small Businesses | Greg Wilson E85

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 19 September 2023

⏱️ 51 minutes

🧾️ Download transcript

Summary

Rich sits down with Greg Wilson - CFO, Investor, Coach, and CPA. Greg’s career has spanned over 14 years and he’s raised over $200 million in private capital. He’s the founder of the E-commerce Accelerator, an online course and accelerator program designed to help e-commerce businesses succeed. Additionally, Greg serves as a managing partner at Precision Financial, a firm providing accounting, CFO, and consulting services to businesses. Greg is also an enthusiastic private...

Transcript

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0:00.0

It's a lot easier to raise $10 million than it is to raise $100,000.

0:05.0

Right? Because you have at that point if you're raising big money,

0:08.0

you kind of have the network and the relationships and the track record and all that together.

0:13.0

So if you are in the beginning stages in your startup,

0:16.0

it's about starting to build that network and build that relationship.

0:20.0

Take your idea, make sure you have your vision, make sure you're the right person

0:22.0

you feel comfortable with what you're make sure you're the right person, you feel comfortable

0:23.0

with what you're doing, hire the right people, bring somebody on like me that understands

0:27.6

how to build a full-on financial plan to set you up for success, and then go out to your network your relationships

0:35.7

and prove that this model is going to work and you're the right person.

0:39.7

Welcome to the Rich Shummer's report where we talk real estate, business and wealth

0:44.4

building all while keeping it real. No fluff, no BS. I hope that you enjoy the

0:48.8

show.

0:50.8

All right guys, welcome to another episode of the report. Today I got someone who's

0:58.6

raised over 200 million dollars in private capital. He's an investor of ours in our boutique hotel

1:04.6

fund and he's doing something really cool giving back to the folks in all

1:08.4

aspects helping them in all aspects of their life I got my man Greg Wilson

1:12.4

Greg welcome to the show brother what's going on Rich how you doing dude I'm super

1:16.8

Excited to have you on the the show man we first connected a few months back actually when we are raising money for the boutique hotel

1:24.4

fund you reached out and since then you've been out to one of our yacht meetups

1:28.5

we had a chance to connect there turns out we got some mutual friends from back home.

1:34.1

Shout out to Lucy Vopolinsky.

...

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