Description

Ben Kelly thought landing his JP Morgan job would give him everything he wanted—until he realized his six-figure salary came at a cost. 6-day workweeks and a lot of wasted moments with his family.

Not wanting to sacrifice more time with his loved ones, Ben began planning his exit. Then, he made a crucial discovery: His wealthiest clients built their fortunes not through corporate jobs, but by acquiring small businesses. This revelation sparked his interest in business acquisition. He decided to purchase a small business and run it as a side hustle. Now, his portfolio is generating more than $70,000 a month in passive income!

In this interview, Ben sits down with Ryan Atkinson to talk about his business acquisition strategies, ways to get business loans and secure business funding, risk management and how to structure your business to maximize your free time. Whether you're just starting or scaling your investments, this interview will equip you with the strategies you need to get the life you deserve.

Takeaways

- Ben Kelly transitioned from a corporate job to entrepreneurship.

- He realized the importance of time freedom after witnessing a colleague's experience.

- His first acquisition was made while still working full-time.

- Partnerships can be a key growth strategy for businesses.

- Boring businesses are recession-resistant and have recurring revenue.

- Identifying momentum in a business can lead to significant growth.

- Cold outreach via email can be an effective way to find acquisition opportunities.

- Self-evaluation is crucial before pursuing a business acquisition.

- Understanding financing options is essential for potential buyers.

- The SBA loan process can take 60 to 90 days to close. The first 90 days after acquisition should focus on learning.

- Building rapport with the team is crucial post-acquisition.

- Evaluate franchises like independent businesses.

- Clean financials are essential for any acquisition.

- Consider professional services for high margins.

- Acquisitions should not rely solely on the seller's management.

- Having a general manager in place reduces risk.

- Franchises can offer stability but require careful evaluation.

- Networking is key to finding reliable operating partners.

- Boring businesses can be lucrative opportunities.

Tags: Business Buying, Entrepreneurship, Business Loan, Passive Income, Side Hustle, Business Funding

Resources:

Start Your Business Today: https://links.upflip.com/3Y8L1rD
Connect with Ben: https://www.instagram.com/benkellyone/?hl=en

Description:

Joshua Brown’s childhood is far from easy. Growing up without any father figure in a struggling Nashville neighborhood, rampant drug use and lack of economic opportunities were something that he witnessed every day. Before he knew it, he got looped into drug dealing activities and got kicked out of high school, without any clear future in sight.

Until one day, a car crash made him evaluate his life decisions. Starting as a side hustle, he entered the home service business and vowed to turn his life around. Now, his pressure-washing business is generating $2 Million in revenue.

In this interview, Joshua sits down with Ryan to talk about his journey in the pressure washing industry, how to find your ‘why’ before you start in your entrepreneurship journey, how to adjust your marketing strategy depending on your personality, and how the importance of understanding local SEO in the current business landscape. Joshua wants us to know that no matter where we are, it’s never too late to turn our life around.

Takeaways

- Joshua's life changed after a car crash at 19.

- He found purpose after realizing he was making no impact.

- Starting a business requires a strong 'why'.

- Core values are essential for building a brand.

- Customer acquisition strategies evolve with business growth.

- You can always start as a side-hustle to know if you are cut out for the indsutry

- Building relationships is key to success in business.

- Every job should aim for a five-star review.

- Self-reflection is crucial for identifying one's purpose.

- Entrepreneurs must take risks to succeed.

- It is important to understand your personality to determine your strategy

- Understanding Local SEO is important in current business landscape

- Treating others well is fundamental in business.

Tags: Pressure Washing, Retail Goods, Side Hustle, Local SEO, Entrepreneurship, Home Service

Resources:

Start Your Business Today: https://links.upflip.com/44mJsKi

Connect with Joshua: https://www.instagram.com/brownspressurewashing/?hl=en

Description:

Parker Olson started PodPitch - an AI-powered tool that simplifies outreach for podcast bookings - with no coding experience. Within a year, that company generates 6-figures in monthly reoccurring revenue. And the best part? Parker believes that you can do the same, as long as you can recognize this one thing . . .

In this episode, Parker shares the strategy that he used to identify a niche market, the sales questions he asked during his product launch, and the importance of learning from your failures as an entrepreneur.

He also breaks down why bootstrapping gave him more control than traditional business funding, how to get customer retention, and the importance of tracking key metrics in your business. For all aspiring entrepreneurs out there, Parker's insight will change your perspective on sales and product development.

Takeaways:

- Parker invested his life savings to learn about making money online.

- His Twitter account grew to 750,000 followers through strategic content and retweets.

- Living in a tent for two years taught him perseverance and focus.

- The Forage experience highlighted the importance of a viable business model.

- Pod Pitch was born from the need for efficient podcast guest outreach.

- Sales techniques are crucial for understanding customer needs.

- Asking customers to pay on the spot reveals true interest.

- Building a business requires both grit and a sound financial model.

- Networking and outreach are key to finding new customers.

- Learning from failures is essential for future success. Asking the right questions can shift business direction.

- Bootstrapping can lead to more control and quicker decisions.

- Understanding your funding approach is crucial for success.

- Profitability can take time, even for high-revenue businesses.

- Entrepreneurship requires a realistic understanding of challenges.

- Effective customer acquisition is key to growth.

- Identifying pain points is essential for product-market fit.

- Metrics guide informed decision-making in business.

- Experimentation is vital in discovering effective marketing channels.

- Founders should leverage social media for genuine connections.

Tags: Podcasting, Niche Markets, Product Launch, Customer Retention, Business funding, Product Development

Resources:

- Start Your Business Today: ⁠https://links.upflip.com/44g3N3T

- Connect with Parker: https://www.instagram.com/parkerolson_/?hl=en