Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
WHY I SAY LESS THAN I USED TOā¦
One thing Iāve learned is posting real time thoughts about a business opportunity (ie a pending acqusition thatās being negotiated in real time) doesnāt have a net benefit, it has a net cost.
FOR EXAMPLE: you post how bullish you are on the opportunity, the sell side seeās itā¦
..and now theyāre negotiating not only against their initial perception, but also everything you put online.
building an online presence. Thereās value in that, no doubt.
But the āolderā I get, the less keen I am to share real time updates.
Negotiating, buying a company & growing a portfolio is hard enough as is.
14 - 2
Life moves on! New challenges to conquer - and that means letting old things go!
As I wrote to you about a month ago, weāre closing enrollment for good on July 30 - for my business buying consulting program. Thereās just too much opportunity with my core portfolio (Brighter Utilities).
If you want to jump in before we close enrollment for good, check the link: jasonpaulrogers.com
On a personal note, weāve grown rapidly this year, so between organic growth, M&A, family time & and working on my instrument rating (pilots license) - Iām just running out of time each day!
I wouldnāt have it any other way š
Hope youāre doing well. Have a great Sunday.
-Jason
24 - 2
Update
8 - 6
3 clients have signed an LOI so far this week. If you want to acquire a 7-figure business this year & want to accelerate the process, click the link
š jasonpaulrogers.com/buy-cashflow/
22 - 4
LIVE CALL: a great listen if you're looking to build confidence raising capital!
3 - 0
This picture is from the day I closed my first acquisition.
Few memories get tattoo'ed to your mind like this very moment.
I hope you get to experience this for yourself.
Nothing compares.
All the blood, sweat & tears become worth it, in that very moment.
To your success,
Jason
46 - 3
Jason, I want to buy a business, but how do I start?
Watch this 10 minute video:
3 - 0
THE PROBLEM W/ SELLER FINANCED DEALS šš¼
My team shared a post from a popular "influencer" with me the other day..
In the short video, the influencer spoke about how to acquire struggling businesses with no money out of pocket, by using seller finance. Per the influencer, this strategy was 1) very do-able, and 2) could make you wealthy.
Letās unpack thisā¦
While this is absolutely possible (it can be done: in fact I personally did a deal just like this in 2021)ā¦
ā¦there are also BIG risks associated with this type of deal!
The elephant in the room here (that this influencer did not disclose) is that struggling companies whoās owners want to sell via seller finance - in *most* cases - are nothing more than a liability masqueraded as an opportunity.
In other words, why would you want to own a business that loses money?
(irrespective of how you financed it - a money pit of a company is just that, a money pit)
Especially when owning that business would likely require you to sign a lease, agree to contracts with vendors, or otherwise make business commitments that have long-lasting ramifications.
The reality of the situation (take this from a gent who's analyzed thousands of deals over the past 5 years) is most deals that advertise lots of seller finance are money pits!
On the opposite end of the spectrum, usually the best companies to buy require good ol fashioned CASH. (shocking, I know..)
And while this scares novices, it shouldn't scare you.
(and it certainly doesn't scare those that study my material or work with me personally)
Securing SBA finance is much easier than most people realize.
By using SBA finance to buy a business, you can access much higher quality companies. Companies with management in place, systems that produce consistent results, and most importantly - companies with solid teams and devoted customers.
Furthermore, paying CASH for a high quality business does NOT mean you need to personally inject your capital into the deal.
People get this confused.
Now to be clear, if you have a high net worth, and you're willing to pony up some money into the deal, yes, that makes it easier. But it's not a requirement. I bought multiple 7-figure companies before I had any real net worth (and didn't put any of my own money into either of my first two deals).
Because I didn't have any money to inject at that point - LOL.
You either need money, or a strong work ethic - to acquire a high quality 7-figure company.
That's the simple truth.
(I had the work ethic & persistence, which got me around needing my own cash).
But back to the main point here...
While it may seem tempting to shortlist all the "Seller Finance Available" listings, I encourage you to do the opposite. Instead of looking for a business that appears easier to acquire, aspire to acquire a business of a higher quality.
You'll thank me for this.
To your success,
Jason
39 - 6
Another client M&A closing - for $2.9m
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This one is CRUCIAL to your success as a business buyer šš¼
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Majority owner of an 8-figure portfolio of businesses in the skilled-trades: BrighterUtilities.com
I also film videos from time to time.
BrighterUtilities.com
JasonPaulRogers.com
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