Spencer spent 6+ years searching for a business to buy. Life happens fast and many things paused his search over the years.

Spencer is real here and we dive deep into a LONG search...

A few he got serious with...

•  Melatonin Supplements for Kids
• Computer Chip Business
• Drive-Thru Technology

 

Podcast Nuggies

• Why his search went from a huge company to a STABLE company
• How to navigate life during your search
• How Spencer bought a 2nd business in the same niche right afterwards

 

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

 

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/course

 

Free SMB Financial Basics Course

https://letsbuyabusiness.com/course

 

Guest Details:

Spencer Montgomery

LinkedIn - https://www.linkedin.com/in/montgomeryspencer/

Anderson Investigations, Inc. - https://www.andersonattorneyservices.com/

Entrepreneur Origin Stories - Quick dive into some pivotal moments for Daddy Yankee.

Less about buying a business and more about a reinvention of oneself.

 

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

 

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

 

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

 

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

What true focus looks like.       Want to invest in amazing entrepreneurs with vetted deals?   Send a note to [email protected]   Ready to level up but not 1 on 1 consulting? How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/course   Need Bookkeeping or Tax Help? Contact Darin at https://ashfordsky.com/. He's awesome.

I love Day Jobs. 5 Reasons to Not Quit Your Day Job.

1. Financial Runway
2. NETWORK
3. Stability for Family
4. Build your Experience
5. Practice Entrepreneurship 

Bonus - Clarity - How to make decisions NOT out of desperation.

+ My Mistakes at my Day Job.

 

Free SBM Financial Courses https://letsbuyabusiness.com/courses/

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

 

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

 

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

Darin Pierson is a bookkeeper and CPA AND has bought his own businesses. When we say he's been in the trenches, it's not fake.

Darin has also created a free course on SMB Financial Basics for all listeners.

 

Podcast Nuggies:

• 4 ways money comes in, 4 ways it goes out
• Cash vs Accrual Accounting
• Good vs Bad books
• How to tell if a bookkeeper is good

MONEY IN Revenue Asset sale Loan Personal capital in

MONEY OUT Expenses Buying Assets Debt payments Dividends

 

Free SBM Financial Courses

https://letsbuyabusiness.com/courses/

 

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

 

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/courses/

 

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome. He's on this episode!

Diane Rosenkrantz has served as a Senior Consultant with Tenet Financial Group since 2009. She is detail oriented which is so critical with something like this.

BUT this time, we dive into real stories of using your 401k.

 

Podcast Nuggies:

• Pecan Farms, Christmas Tree Farms and Cabin Compounds - ✅✅✅
• Buying an Airplane? ✅✅
• Hotels? ✅

 

Previous Episode with Diane - https://podcasts.apple.com/us/podcast/using-robs-401k-to-buy-a-business-with-diane-rosenkrantz/id1506985601?i=1000646700460

 

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

 

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/course

 

Need Bookkeeping or Tax Help?

Contact Darin at https://ashfordsky.com/. He's awesome.

Daniel Astleford is amazing. He's so humble yet doing so many cool things.

He buys a fireworks stand with a unique structure. These things have crazy revenue windows of only a few days a year. Daniel is also in the middle quitting his job(!) while starting his CPA business. We dive into so many interesting substories here.

Podcast Nuggies:

• How to Buy a Firework Stand
• Quitting your Job 6 Months in Advance
• What worries Daniel about Quitting

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/course

 

Here is the link to get Darin's Course!

https://ryancondie.podia.com/312e307e-c83f-4434-a987-ff910090d057

Need Bookkeeping or Tax Help? Contact Darin at https://ashfordsky.com/. He's awesome.

https://amzn.to/4erKruP

Sam Whitney is one of my favorite people.

He’s an entrepreneur, father and now an author. We dive into the process of writing his book.

*Key insight: After reading this book, my readers should do a date, feel hopeful towards marriage, and think of ways they are getting in the way.

*He was dialed in on the SPECIFIC goals of each step here.

 

Podcast Nuggies:

• Starting a business around a book
• End in Mind in writing and the book business
• Process of writing

 

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

 

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/course

 

Sam Whitney's book https://amzn.to/47tojxw

$500 for one night of entertainment?

$50 to watch a Netflix Show?

$10 for GPS in New Zealand?

What do these all have in common?

 

 

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

 

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/course

We dive into a real business for sale and walk through how to structure and think about the LOI here.

We also dive into a bunch of common questions to ask.   Secure your spot in The Self-Funded Search Conference: selffundedsearchconference.com   YouTube - Need more hands-on videos?   Want to invest in amazing entrepreneurs with vetted deals? Send a note to [email protected]   Ready to level up but not 1 on 1 consulting?   How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/course   Guest Name: Patrick O'Connell   Guest Email [email protected] Linkedin - https://www.linkedin.com/in/patrick-o-connell-cpa-3b235177/ Site - https://oconnelladvisorygroup.com/

Taylor Brown is one of my favorite people. By the way, I only have my favorite people on the show.

This episode has it all. One of my favorites. It will hit home.

 

Podcast Nuggies:

• Pivot Moments in Life and Career
• What betting himself did with his family
• Not Quitting your job
• Getting started with ideas around you

 

Secure your spot at The Self-Funded Search Conference: selffundedsearchconference.com

 

Want to invest in amazing entrepreneurs with vetted deals?

Send a note to [email protected]

 

Ready to level up but not 1 on 1 consulting?

How to Buy Your First Small Business through Acquisition Entrepreneurship

https://letsbuyabusiness.com/course