Let's Buy A Business with Ryan Condie

The Exit - Presented By Flippa

Technology

5.0 • 420 Ratings

🗓️ 19 March 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ryan Condie has done it all. He has built, scaled, bought, and sold businesses. Through his vast experience, Ryan learned that acquiring and operating businesses is a much quicker pathway to success than starting a business from scratch. Along with host Steve McGarry, Ryan discusses how to find what business model can work best for you, what both buyers and sellers should look for when acquiring a business, and how a successful acquisition takes place. -- 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 flippa.com/the-exit-podcast/

Transcript

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0:00.0	Hello and welcome to the Exit presented by Flippa. This is a 30 minute podcast featuring
0:15.6	amazing entrepreneurs who have been there and they have done it. The Exit talks to operators
0:19.6	who have bought and sold businesses of all different sizes. You'll learn how they did it,
0:23.2	why they did it, and get exposure to the world of Exit. It's a world occupied by a small few,
0:27.7	but accessible to many. And before we get into this episode, be sure to check out the previous
0:33.2	episode with Chris Bell from Perch, the fantastic episode talking about Amazon, FBA,
0:38.5	businesses, and it's a lot of fun. But on this episode, I sit down with Ryan Condi from Let's Buy
0:43.9	a Business. We talk about all different aspects of buying and selling businesses, and there are
0:50.5	some really great knowledge nuggets in here from Ryan. So without further ado, let's dive right
0:55.7	into my interview with Ryan. Hello, everybody. I am here with Ryan Condi, the host of Let's Buy
1:03.2	a Business podcast. How's it going, Ryan? Gracie, I'm glad to be here. Yeah, excited to have you,
1:09.0	excited to have you. So before we get into what you're working on now, I'd love to learn a little
1:14.8	bit about your background, like what brought you to buying businesses. Yeah, so it started in 2012,
1:22.0	maybe a little bit before that in college, I took, I went to business school, and like most people
1:27.7	in college, you don't really learn a whole lot in college, you know, you know, developing a network
1:31.3	and learning how to be an adult, that type of thing. And of course, you have a really good time
1:35.1	in college for the most part. And I did take one class from some private equity, guys. It was not,
1:40.2	they weren't professors, they were local private equity firm, and they actually came and taught a class
1:45.2	just for one semester, and I happened to just kind of sign up for it, and it was how to acquire
1:49.2	companies. And so this was in 2009, and that was the most impactful class that I took in all of
1:56.7	college. And mainly because like, you know, it was actually real numbers, real businesses that they
2:01.6	had acquired locally, and we were able to kind of open up the books and dive in. And so kind of
	...

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