What's up, everybody? Today's podcast episode is talking about the TikTok ban, which you guys may not know about if you are over 40 years old or have been outside touching grass, seeing in the blue sky and enjoying your actual real life.

But the rest of us are very aware that TikTok has officially been banned by the U.S. government, unanimous through Congress and the

Supreme Court as of today's Sunday, January 19th. For those of you that are unfamiliar,

TikTok is one of the largest global apps up there with Instagram, up there with Facebook,

meta. It's a video sharing app, which if you're not on it, your kids definitely are.

And in today's episode, I don't necessarily want to talk about the semantics of why TikTok

was banned or if it should be banned slash shouldn't be banned. But more so, what I want to

discuss is the business implications of this and a lesson that we could all take out together collectively

as business owners, as investors, that we can apply in our lives and businesses today that

hopefully allows our income, both passive and active in our businesses, to be more protected

and truly scalable overall. But first of foremost, for any of my new listeners, welcome to the

Action Academy podcast. We teach you how to buy big old commercial real estate deals and small

businesses. So in business, there are a few things that we look at, both when you're building a

business and also when you are buying a business. And that is key man risk. What is key man risk?

That is the risk that a founder most of the time is the person

that the entire business is dependent on, aka if you were to sell the business, nothing gets done.

The business is going to drop dramatically without you. You either serve a key role both in the

marketing and sales function or in the product development and operations

function. This is one of the largest risks of business purchase, of business acquisition, is

looking for that keyman risk. And sometimes it's hidden in plain sight. And we really want to make

sure that we're buying a scalable asset that is ran by a team, multiple people, not just one person.

The second risk that we look for in business acquisition is key employee risk.

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