Actuals

🎉 So excited to see the launch of @useactuals from @DustinBramell 🚀 👉 Read the origin story behind the platform designed to help ppl buy their 1st business here: actuals.beehiiv.com/p/i-spent-10-y…

@DustinBramell @useactuals congrats on launch!

Resurrecting twitter to share what I've been working on for the past 6 months. @useactuals exists to help one million people buy their first business. Here's why... actuals.beehiiv.com/p/i-spent-10-y…

Don't shoot an arrow if you don't know what you're shooting at. In other words: don't spend time trying to find SMB leads if you haven't established exactly what you want first. Don't waste your time or the seller's unless you're serious. Time is money: move with purpose. #buyabusiness #commonsense #smallbusiness #acquisition #smallbusinessacquisition #financialfreedom #leads #purpose #businesstips

Stay tuned for more SMB Acquisition insights by following our account. #BizBuySell #sellerfinancing #SMB #SMBAcquisition #MandA #Entrepreneur #dealflow #businessowner #techgrowth #selfimprovement #businessdevelopment #successjourney #smallbusinessowner #entrepreneurmindset #financialfreedom #startupstories #businesscoaching #investmentstrategies #growthmindset #businesstips #entrepreneurlife #leadgeneration #businessmentor #scaleyourbusiness #businesstools #buyabusiness #buyasmallbusiness

🔑 Main Takeaway: Seller financing is essential for navigating today’s market, offering flexibility and resilience in deal-making. Familiarize yourself with seller financing best practices and look for listings on marketplaces tagged "Seller Financing Available".

Familiarize yourself with seller financing.

Which of the following would you be most likely to use? #smb #acquisition #smallbusiness #poll #financialsuccess

BizBuySell Insight Report Q3 2024 is Live!! Small Business Confidence Grows with Hopes Set on Election Outcome, Rate Cuts Less Influential, as Q3 '24 Sold Business Transactions Increase 5%. 👉 bit.ly/3YalTRY

For all the SMB buyers- What tool would help you the most?: A) A seller financing planner B) A deal aggregator (gets you leads based on your criteria) C) An LOI generator that is trained on your deal data D) A target builder that helps refine & pragmatize your ideal criteria for a business. Comment for early access to the option you pick 🤫 #smb #wealth #generationalwealth #smbacquisition #finance #success #poll

If you could access a guided introduction to acquisition, what format would you prefer? A) Video Tutorials B) Interactive lessons or quizzes C) Downloadable e-books or PDFs D) Live webinars with experts

For the new SMB buyers: what would help you the most when starting your acquisition? A) A step-by-step guide to buying a business B) Educational content on key concepts (e.g. valuation) C) Case studies of successful acquisitions D) 1 on 1 sessions with experienced buyers

Have you considered acquisition as a path to becoming a CEO? Comment down below on more SMB Acquisition documents you'd like us to summarize and follow for more SMB content! #buythenbuild #walkerdeibel #businesstrategies #dealflow #businessowner #techgrowth #digitalwallet #selfimprovement #businessdevelopment #successjourney #smallbusinessowner #entrepreneurmindset #financialfreedom #startupstories #businesscoaching #investmentstrategies #growthmindset #businesstips #entrepreneurlife #leadgeneration #businessmentor #scaleyourbusiness #businesstools #smb #smbacquisition

7. The Letter of Intent (LOI) is crucial 📄: It sets the stage for both purchase price and purchase structure, so take it seriously 8. Employee reassurance 🤝: One of the biggest challenges for new owners is convincing existing employees that the transition will be beneficial. Communicate openly and solicit their input 9. Work-life balance warning ⚖️: While dedication is important, don't let business ownership completely consume your personal life

4. Creative financing 💰: Acquiring a business can be more affordable than you think, with various debt options available 5. The power of add-ons ➕: Growing through add-on acquisitions can be less expensive and more successful than driving growth exclusively through sales efforts 6. Leverage existing assets 🏭: Use the acquired company's assets as collateral to fund new product offerings and software development

1. The 6-month calendar📅: Set an aggressive goal to close a deal within 6 months. This urgency keeps you focused and increases your chances of success 2. Seller psychology matters💭: Understanding and winning over the seller can lead to better deal terms. Most inexperienced buyers mistakenly distrust sellers from the start 3. The "20x EBITDA" trap 📈: Sellers who haven't been through the selling process often overvalue their business, asking for 20 times EBITDA. Educate them on market realities

We read "Buy Then Build" by Walker Deibel so you don't have to Here are 9 key learnings from the book...