Most Important Factors to Know When Buying a Business: Contacting the Owner

Very Helpful, i see business acquisitions very similar to approaching sellers in real estate or talking to agents, just learning a new skill here, thanks Roland! ✌

Thanks Roland! The content is very practical! The key points are what is the company and who is the owner. English is not my native langurage, I watched and paused to make sure I understand exactly. Valuble information! Thank you❤ After the first chat/approach, what is our next step?

What do you say if you call up a company and the person that answers the phone isn’t the owner? Let’s say it’s an employee, or desk person, that answers.

Can you do a video about OPM ( Other people's Money)

Great information. Thank you.

Roland is great at what he does he has a lot of experience and knowledge I love his energy and business approach

That's amazing. I did anything right. The sales advisors were against me and through the nda I was not allowed to contact the owner anymore. He gave us his contact informations, his business card and he was ready to lead the company a few years by his own because of his vision. He wanted to give a sellerscredit and he were not caring about the costs and prices about the business. This sales advisors can break it all. So I try now to contact such advisors at first and make a deal with them, before I visit the next business to buy. It's always that numbersgame. That advisors don't understand that financial intelligence is a very important point and they just want to have high prices for their provisions and if the owner like in this example is saying that he don't care about the price, they break up the deal with all manipulations they could have. They said I would be not the guy for that... My experiences aren't enought in that business area.. And I told them the owner will lead it and I will hire a few managers because I am a visionair and use synergy and other teams out of other company's I buy, to shoot the businesses at all up to the sky. I make history! But the most people in that employment relationship are not underatanding what business is and this is what is messing me up brutally... What should I do if such idiots are infront of me and the owner is totally on my side?

Thank you so much for this... very informative....🙌🙏👍.... I am still trying to get your book....

Any videos for beginners, with no business background/knowledge experience or no money. Where should I start?

Great Info, as usual Roland 💯😊👍

This video is absolute gold

Loving this content right now! I was one of the original members in your EIN group many years back. Unfortunately at that time I went through some other major life changes, so instead of acquiring businesses I chose to buckle down and grow my existing company. This ended up being a HUGE blessing as it's given my family and I a great life.

I always though had this craving to get back into this. My knowledge of direct response marketing, systems/processes, and team building are my "super powers" and what I enjoy over seeing from day to day. I started doing my due diligence a few weeks back including going back through all of my old EIN materials. I've also met with a handful of local business contacts this past week to discuss what I'm looking to do and I have appointments set up every day of the week for the next 2 weeks to keep planting the seed of buying companies and if I can be of assistance in any way to the people I am meeting with.

Thank you very much Roland for putting all of this content on YT. It's really helping my confidence grow through this journey. I truly appreciate you!

Another waste of time watching this

Priceless information, but try speaking faster

Can we get that data sheet you talked about?

Dope context thank you.

Love the natural dialogue

Then they ask do you have any experience in the industry

What do you say when the owner says Investment what are we talking about here money, etc? Some owners can get very aggressive and want you to get straight to the point because they are busy. If you then say you are looking to acquire their business they can then shutdown. While it's less aggressive upfront to cone from the Investment angle sometimes its also good to get straight to the point but in a non aggressive way.

Hi Roland, Love your channel! I work at Costco. Currently we outsource a local Small business street sweeping service to clean our parking lot at night. The owner most nights does a poor job and my management is unhappy with him. As a thorough person, I believe I could complete the job better and more efficiently than him. So I'm interested in acquiring his buisness and expanding it. Do you think it's better to buy Similar equipment and just Offer Costco my services Or Try the acquisition route?

What would be the best approach for the request of seller financing?

Really good practical information about approaching another business for acquisition!

Great approach Roland 👍 👏

Super valuable information. Thanks Roland 💪

Love it!

Really good stuff!!!

Good stuff.