In this solo episode, Tim Delaney breaks down the five red flags you need to watch for when evaluating small businesses for sale. From mysterious add-backs to shaky contractor structures, Tim explains how to separate real opportunity from risky deals—and how to spot warning signs before you’re locked in.

Tim is an entrepreneur who believes everyone should explore the opportunities that business and real estate can provide on the path to financial freedom. He owns and operates a wine & liquor store, a software startup, a consulting company, and a growing portfolio of commercial and residential real estate.

Tim’s passion for independent business has led him to support dozens of other business owners. For over a decade, he has worked with businesses on strategy, processes, finances, and marketing. These experiences, along with analyzing dozens of other businesses for potential acquisition, have provided Tim with an immense knowledge base to pull from.

Tim has appeared on multiple top-tier podcasts in the financial space, such as Bigger Pockets Money and The Freedom Chasers Podcast.

Tim sets the stage and explains why spotting red flags early is critical when buying a business.

Why seller add-backs can sometimes be justified—but often hide inflated earnings.

How unclear or unstable leases can sink a location-dependent business.

The danger when a seller can’t clearly explain their financials.

Why the promise of “potential” should make you stop and think twice.

The risks of a workforce made entirely of 1099 contractors.

Tim’s closing advice on focusing on real cash flow, not empty promises when buying a business.

If you found value in today’s show, make sure to subscribe so you never miss an episode packed with insights to help you buy and grow a business that creates real financial freedom.

Connect with Tim and the community on social media for more tips and updates:

Website: https://www.powerofbiz.com
YouTube: https://www.youtube.com/@powerofbiz
Instagram: https://www.instagram.com/timtdelaney/
Threads: https://www.threads.com/@timtdelaney
LinkedIn: https://www.linkedin.com/in/timothytdelaney/
Facebook: https://www.facebook.com/timtdelaney

“Mysterious add-backs are one of the biggest warning signs in a business listing.” – Tim Delaney
“If the seller can’t explain their own numbers, that’s your red flag right there.” – Tim Delaney
“There’s no such thing as ‘potential’ you don’t have to work for.” – Tim Delaney
“Cash flow clarity beats growth promises every single time.” – Tim Delaney

In this episode, Tim talks with Brad Cornell, a seasoned entrepreneur and business buyer who brings a no‑nonsense perspective to acquiring and running small businesses. Brad doesn’t sugarcoat the challenges of business ownership—he dives into what it really takes to go from dreaming about buying a business to successfully running one. He shares how his journey reshaped his understanding of financial freedom, why courage and resilience are non‑negotiable, and the mindset shifts that separate successful buyers from those who burn out.

Tim is an entrepreneur who believes everyone should explore the opportunities that business and real estate can provide on the path to financial freedom. He owns and operates a wine & liquor store, a software startup, a consulting company, and a growing portfolio of commercial and residential real estate.

Tim’s passion for independent business has led him to support dozens of other business owners. For over a decade, he has worked with businesses on strategy, processes, finances, and marketing. These experiences, along with analyzing dozens of other businesses for potential acquisition, have provided Tim with an immense knowledge base to pull from.

Tim has appeared on multiple top‑tier podcasts in the financial space, such as Bigger Pockets Money and The Freedom Chasers Podcast.

Why buying a business takes “balls of steel.”
Debunking the myth of the “easy buy.”
The emotional and mental prep needed before an acquisition.

What financial freedom really costs (and why it’s worth it).
Brad’s personal stories of sacrifice and course‑correction.
Setting realistic expectations for your first acquisition.

The difference between running a job and running a business.
Why hands‑off ownership in year one is a dangerous myth.
Lessons from Brad’s biggest pivots as an owner.

How to develop a sustainable, growth‑oriented mindset.
Staying engaged without burning out.
Redefining what success looks like beyond revenue.

Brad’s no‑filter advice for anyone considering a buy.
Building resilience when the unexpected happens.
The key relationships that make acquisitions succeed.

Guest Bio
Brad Cornell is an entrepreneur and small business owner who has bought and operated multiple companies. With an unfiltered approach to entrepreneurship, Brad shares hard‑earned insights on courage, resilience, and the true cost of financial freedom.

If you found value in today’s show, make sure to subscribe so you never miss an episode packed with insights to help you buy and grow a business that creates real financial freedom.

Connect with Tim and the community on social media for more tips and updates:

Website: https://www.powerofbiz.com

YouTube: https://www.youtube.com/@powerofbiz

Instagram: https://www.instagram.com/timtdelaney/

Threads: https://www.threads.com/@timtdelaney

LinkedIn: https://www.linkedin.com/in/timothytdelaney/

Facebook: https://www.facebook.com/timtdelaney

"Financial freedom doesn’t come without a cost." – Brad Cornell
"If anybody tells you buying a business is hands‑off, question them heavily." – Tim Delaney
"Business ownership isn’t autopilot; it’s engagement, every single day." – Brad Cornell