Buying a $1.6m Business for the Inventory Value

So let me ask you, Daniel, what was the. What was the content of what you were like. What.

What was he. What was the, like, service that he was providing? So. So getting on calls with you to owners, but what else? Give us a sense of the package.

And then really helping me with just 247 access to questions when it came to anything that I noticed, like, the whole territory was unknown for me. So ultimately, I was paying him for certainty. I'm really not. My. My risk tolerance is actually extremely low.

So he provided that certainty for me. And, you know, it helped me analyze. Even though I could analyze a profit and loss statement, for some reason, I just felt better with being like, hey, are my thoughts valid in this?

And Kyle would be like, yeah, totally. So ultimately he was, you know, just kind of like a. A guide in the whole process, whatever questions I needed.

And was he sourcing deals for you? No. Oh, no. He. They provided me lists and I did some email blasts. Wasn't really the direction I wanted to head.

Ultimately, kind of after going through that experience and getting some hits from business owners calling me or replying back to me via email, I had much more success going on Biz by Sell and. Or even I'm just getting some brokers emails and emailing brokers and getting their SIM packages, I think is what they call them, and just reviewing those types of packages. So that's. Ultimately the…

Okay, so he kind of pointed you in a direction, gave you a list, and then. But you did the sourcing yourself and ultimately relationships with brokers and Biz by Sell was the best channel for you. Yes. What do the following Acquiring Minds guests all have in common.

Doug Johns, Morley Desai, Tim Erickson, Chirag Shah, Shane Ursam. They all went through the Acquisition Lab, the accelerator in community for people serious. About buying a business.

But they represent just a sliver of. The Lab's success stories. The number of deals across the Lab's cohorts now stands at over 120, with over $300 million in aggregate transaction value.

The Acquisition Lab was founded by Walker Deibel, author of Buy Then Build, the book that introduced so many of you to the very idea of buying a business. The Lab offers a month long, intensive, almost daily Q and A sessions with advisors, live deal reviews with Walker, Deal team introductions and an active community of serious searchers. Check out acquisitionlab.com link in the notes or email…