Let's Buy a Business

Paul Lajoie started as a CPA, spent years in corporate finance, then left the W-2 world after buying his first flooring business with his brother. That first acquisition replaced both his and his wife's income, but he learned hard lessons around working capital, cash flow timing, and not overanalyzing every deal.

Across 15 acquisitions, his biggest lessons were to remove emotion and ego, avoid buying what you don't fully understand, live frugally to fund the next deal, and seek help from people who have done it before.

Podcast Nuggies:

* Bought first business with $45K down
* Working capital nearly crushed them
* Don't buy based on HOPE
* Buy existing before starting from scratch
* Cast a wide acquisition net - WHY?
 
Inzo Technologies: Get a complimentary IT audit for acquisition diligence or post-close transition. Visit inzotechnologies.com/eta.
 
The Exit Plan Book - https://amzn.to/4d74WPw
Free Audio Book - The Exit Plan - https://www.youtube.com/watch?v=zYgD_1pks_8
BizBuyPro Website :BizBuyPro.com
LInkedIn - https://www.linkedin.com/in/paul-lajoie-51513711/

I generally keep this podcast and my brokering separate, but there's some crossover here.

I dive into a local Utah cleaning business that does residential and commercial cleanings and can be run entirely remotely. It has about $5k a month in recurring revenue and about $150k in revenue the last 12 months.

It did about $20k in profit, with some clear paths to growth in terms of marketing and focus.
Link to listing: https://quietlight.com/listings/18828377/
 
 
Inzo Technologies: Get a complimentary IT audit for acquisition diligence or post-close transition. Visit inzotechnologies.com/eta.

Just like there are levels to businesses and experience, there are levels to entrepreneurship and stability.

Need that first foundation?

Check out these guys.

https://x.com/ShannonJean
https://x.com/mhp_guy

 
Inzo Technologies: Get a complimentary IT audit for acquisition diligence or post-close transition. Visit inzotechnologies.com/eta

How to fail when you switch from employee to entrepreneur / business owner.

1. No one is coming to save "your calendar"
2. Forget time, focus on Results
3. Check Your Emotions at the Door - Tired? Who cares. No motivation? Who cares.
4. Create an accountability / reward system.

5 Q's to Ask
1. If today repeated for 30 days, would revenue go up?

2. What did I do today that directly created a lead, a call, or a checkout?

3. What's the one activity I did today that I can tie to dollars within 7–30 days?

4. If I had to make $5k this week, what would I do next? Did I do any of that?

5. What did I do that was avoidance dressed up as work? (branding tweaks, tools, busywork)
 
SMBs are the biggest target for cyber attacks. Protect your business with Inzo Technologies.

Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at nick@inzotechnologies.com.

SBA changes for minority, non personally guaranteed owners!

This could be massive. 
 
 
 
SMBs are the biggest target for cyber attacks. Protect your business with Inzo Technologies.

Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at nick@inzotechnologies.com.