MBA1328 Guest Teacher: Jaryd Krause-How To Buy Website Businesses Instead Of Building Them

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 12 August 2019

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

You don’t need to start a business to be an entrepreneur. You just need to find one. Sometimes, there’s an alternative path we just don’t see. Jaryd Krause saw one, as a working plumber who wanted to get into business for himself. Instead of creating a whole new operation from scratch, he got into the business of businesses — buying existing companies and turning them into largely passive income streams.

Transcript

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0:00.0	Heyo! Welcome to the $100 MBA show Business Nourishment Every Day with their daily 10 minute business lessons for the real world
0:16.2	I'm your host your coach your teacher Omar Zenholm. I'm also the co-founder of the $100 MBA
0:22.2	a complete business training and community online.
0:25.5	And today's episode is a guest teacher episode.
0:27.9	On our guest teacher episodes, we bring on an expert to teach their area of expertise. Today we have a very special guest teacher
0:34.1	Jared Kraus. And today he's going to be teaching you how to buy website businesses instead
0:39.5	of building them. One of the statistics that Jared will be sharing with you is that 90% of all
0:43.9	startups fail. How can you avoid that? Well, buy a business that has already gone through that,
0:50.9	has proven success, and is earning money. This is a very special lesson because many people
0:56.3	when they think about starting in entrepreneurship or being a business owner, they think
1:00.9	about starting something from scratch or something of their own, building a new
1:04.6	app or a new service, when a really good idea, instead of investing a whole ton of money
1:11.8	starting something new, is buying an existing business
1:15.0	something that has proven success something that's bringing in money month over
1:18.8	month.
1:19.4	Jerry's gonna share with you what to look forward in buying a new website business, how to do right due diligence
1:24.6	to make sure you get the right numbers, where to find these businesses, what
1:28.5	brokers he recommends, and what questions to ask when you're talking to the seller.
1:34.0	Love this episode. Can't wait for us to jump right in, so let's get into it.
1:38.6	Let's get down to business. Feeling stuck in your job, Bank of America's of the Academy of Consumer and Small Business helps
1:50.2	you develop a long-term career path through peer mentorship,
1:53.6	immersive programs and a variety of clear distinct paths
	...

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