March 10, 2022

How Everyday People With No Money Can Get Into the Business Buying Game with Elliott Holland - Episode 211

How Everyday People With No Money Can Get Into the Business Buying Game with Elliott Holland - Episode 211

Things will eventually take control of your life if you do not take ownership of them. Curtis interviews Elliott Holland, an entrepreneur, small business buying expert, and founder of Guardian Due Diligence. Their discussion focused on owning a...


Things will eventually take control of your life if you do not take ownership of them.

Curtis interviews Elliott Holland, an entrepreneur, small business buying expert, and founder of Guardian Due Diligence. Their discussion focused on owning a business, who should do it, and why they should do it. They also go over how to determine which business to buy and where to look for it. This episode also teaches folks who don't have any money to finance these things.

Tune in to learn why to take ownership, accept capitalism, accumulate money, buy things with real value, and the common mistakes that Elliott notices people doing while purchasing a business.

Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com


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Show Notes

  • Welcoming Elliott Holland -1:19
  • Who is buying a business for and why should people think about it? - 2:39
  • Finance is learnable - 5:14
  • Buy a new business every year: a great way to grow - 6:14
  • How to get in the game: what deals to look for? - 8:14
  • The industry and the fundraising - 11:26
  • Covering the advisors: legal lawyer and due diligence officer - 14:27
  • Stakes Elliott observed with his clients - 20:00
  • Strategic reason on why to charge people full price - 27:20
  • Is business buying a job?: building new cash flows - 29:14
  • High demand, upward trend, and presence of profit margin - 32:39
  • It is all about ownership and mindset: entrepreneurs should solve problems - 34:24
  • Upsells are pure profit: pay attention and see what is going on to be a producer- 39:18
  • The owner gets everything that anybody cannot take - 40:27
  • Next level of evolution: take the fake and buy the real thing - 41:52


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