Published On Apr 17, 2023
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In this episode I talked to Thomas Smale in his New York City Office to get his story and some advice on how to buy and sell businesses. He's done over $1B dollars in sales without even knowing how to develop a website, and he shares his advice on how to flip businesses, how to negotiate, and how he would start again if he had $0 dollars. This is a perfect episode for anyone who is hesitant on starting a business, and would rather buy one and build it from there.
0:00 - Intro
0:49 - Getting into M&A
2:50 - Self-taught website flipper
4:17 - How he started an M&A firm
5:40 - Using the Pareto Principle to make more money
6:36 - How to buy a business
8:02 - How to spot good businesses
9:46 - Selling a $10M+ business
10:41 - How he got the 8-figure deal
11:23 - How much profit he makes per deal
11:56 - How to value a business
12:56 - Buying a business VS starting one
14:26 - How to negotiate
16:33 - How to buy a business from scratch
š Find Thomas
š¦ Twitter - Ā Ā /Ā thomassmaleĀ Ā
š¼ Website - https://feinternational.com
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