What's up, guys?

Welcome back to another episode of the Action Academy podcast, corporate America's least favorite

podcasts.

Guys and girls, I want to give you guys a quick update, which is possibly one of the coolest

of our Action Academy community, our back at a mastermind of the podcast.

I am on the tail end of completing 84 separate in-depth trainings from every single stage and process of the buyer's journey going through acquisition of your first small business from I have no idea what a small business is or how to get a loan for one all the

way to the closing table and what to do the 90 days afterwards. And so I've spent 47 hours now

directly scripting and recording each one of these lessons, each one of these training.

And I decided over the next couple of weeks, I'm going to do about one training per week live on the podcast for free to all of you guys

so that you can get a glimpse of the information and the education that is within our Action Academy

community. As always, if you're looking about your first cash flow in business this year,

go to Actionacademy.com or click the link in the show description. It will take you to our team. Now,

let's get to the training. This module is going to be a little hairy and think of it like another

tool on your tool belt. Give yourself some grace. As you're going through this process, you're going to get more familiar with all the different terms, all the different ways to leverage things, especially when you're submitting offers and you're in the offer stage. We'll talk about this stuff a lot more, but I want to go ahead and get your toe dipped into the pool here so that you can understand at least the terms. And so when people are dropping these terms on you, you're not like, huh? And looking into chat, GPT, to come up with the answers, okay? So this is going to be seller financing and creative structures. Okay, this is going to be basically a 101. This is going to get your toe dipped at the pool, like I said. So this will get you in the shallow end of the pool, and we'll talk a little bit more when it's come to actually the LOI and offer structures for you to understand a little bit more in-depth. So what we're going to be covering here is what seller finances is and when it shows up. Key terms you need to know how seller finance works alongside SBA. When SILA financing is the entire deal with no SBA,

creative structures you're going to encounter, and why you don't need to master this now, just recognize it.

So this is a pretty advanced module. If you're on the standard SBA path, you may never need

a structure of Siler finances deal from scratch, but but silver financing shows up in enough deals,

so you need to recognize the terms when you see them and understand what they mean. So think of

this module as like learning the stuff. So when a broker says things like the seller will carry

a note or there's an earn out component or the notes on standby, you need to know what this

stuff means so that you can walk the walk talk to talk if that makes

sense so we're going to go way deeper on structuring and negotiating terms in stage six the offer

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