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SPONSRAD
🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨
Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Chelsea Wood (https://x.com/SMBChelseaWood), co-founder of Acquisition Lab, the premier business buying accelerator. Chelsea partnered with Walker Deibel, author of "Buy Then Build." Since its inception, the Acquisition Lab has guided over 800 people, with nearly 200 successfully acquiring their first business.
In this episode, we discuss why seller financing isn’t always a safe strategy, the dangers of oversimplifying business advice on social media, and why not everyone should buy a business. Chelsea also highlights the importance of due diligence and how to assess the quality of earnings.
Questions this Episode Answers:
___________________________
Love it or hate it, I'd love your feedback.
Please fill out this brief survey with your opinion or send me an email at Nik@cofounders.com with your thoughts.
___________________________
Spotify: https://tinyurl.com/5avyu98y
Apple: https://tinyurl.com/bdxbr284
YouTube: https://tinyurl.com/nikonomicsYT
___________________________
This week we covered:
00:00 Highlights: Should You Buy a Business?
00:15 Meet Chelsea Wood: Co-Founder of Acquisition Lab
01:23 Chelsea's Career Journey: From Consultant to M&A
05:56 The Leap to Entrepreneurship: Starting Acquisition Lab
06:29 The Impact of COVID-19 on Business Ventures
11:16 The Role of Spousal Support in Business Success
16:57 Inside the Acquisition Lab: Structure and Services
23:00 The Risks of Seller Financing in Business Acquisitions
26:32 The Importance of Cash Flow Management
27:07 Challenges of Doubling Revenue in Healthcare
28:09 The J Curve and Cash Reserves
28:44 The Reality of Buying a Business with No Money Down
29:01 Understanding Working Capital and Access to Credit
29:29 Personal Stories and Risks of Business Ownership
34:01 Assessing Your Risk Profile
40:09 Experience and Skills Needed for Business Ownership
41:53 The Importance of Due Diligence
53:02 Mental Health and Financial Stress in Business Ownership
125 episoder
🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨
Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Chelsea Wood (https://x.com/SMBChelseaWood), co-founder of Acquisition Lab, the premier business buying accelerator. Chelsea partnered with Walker Deibel, author of "Buy Then Build." Since its inception, the Acquisition Lab has guided over 800 people, with nearly 200 successfully acquiring their first business.
In this episode, we discuss why seller financing isn’t always a safe strategy, the dangers of oversimplifying business advice on social media, and why not everyone should buy a business. Chelsea also highlights the importance of due diligence and how to assess the quality of earnings.
Questions this Episode Answers:
___________________________
Love it or hate it, I'd love your feedback.
Please fill out this brief survey with your opinion or send me an email at Nik@cofounders.com with your thoughts.
___________________________
Spotify: https://tinyurl.com/5avyu98y
Apple: https://tinyurl.com/bdxbr284
YouTube: https://tinyurl.com/nikonomicsYT
___________________________
This week we covered:
00:00 Highlights: Should You Buy a Business?
00:15 Meet Chelsea Wood: Co-Founder of Acquisition Lab
01:23 Chelsea's Career Journey: From Consultant to M&A
05:56 The Leap to Entrepreneurship: Starting Acquisition Lab
06:29 The Impact of COVID-19 on Business Ventures
11:16 The Role of Spousal Support in Business Success
16:57 Inside the Acquisition Lab: Structure and Services
23:00 The Risks of Seller Financing in Business Acquisitions
26:32 The Importance of Cash Flow Management
27:07 Challenges of Doubling Revenue in Healthcare
28:09 The J Curve and Cash Reserves
28:44 The Reality of Buying a Business with No Money Down
29:01 Understanding Working Capital and Access to Credit
29:29 Personal Stories and Risks of Business Ownership
34:01 Assessing Your Risk Profile
40:09 Experience and Skills Needed for Business Ownership
41:53 The Importance of Due Diligence
53:02 Mental Health and Financial Stress in Business Ownership
125 episoder
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