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episode 34 – the best way to buy a business, build a relationship that matters
This week, on episode 34, the best way to buy a business, build a relationship that matters, we get a peek into a special business owner/business advisor relationship between Ryan Dumermuth, CPA, CFP, principal at Rea & Associates, and Kirk Spillman, president and CEO of Eagle Machinery. Together they discuss the importance of advisory trust and an ever “evolving“ relationship, as key pillars of essential professional services during the process of evaluating and buying a business. And listeners will learn that regardless of the nature of business one considers to acquire, it’s important to examine the many types of consultative services you may need, which are usually not directly related to your product line or customer base.
Kirk reminisces about his entrepreneurial journey to buying a business and shares the lessons he learned along the way. Ryan provides insight on the risks and unique challenges for buyers who are not flush with cash, and explains why it’s important to know what you don’t know.
Overall, listeners will learn about the power of having a true professional partner with resources, support, advice, and experience, and how this powerful, strong relationship can greatly benefit a business owner in the buyer’s journey.
Start listening to episode 34, the best way to buy a business, build a relationship that matters, on unsuitable on Rea Radio to learn how you might be able to make the most of your buying journey with the help of trusted business advisors. Visit www.reacpa.com/podcast for additional articles and insight.
articles & insight
Dream Big: Considerations For The Aspiring Business Owner – It’s easy to find information for established business owners. But what about the aspiring business owner on the other end of the transaction? Read on to learn what you should know before taking the plunge.
So You Want To Buy A Business: Now What? – You likely wouldn’t purchase a car without taking a test drive, nor would you likely purchase a house and property without a survey of the land. The same thought process holds true when you are investing your time, money and resources in a business. Read on to discover a few critical considerations to help you along.
Getting By With A Little Help From Your Friends – It’s lonely at the top. And in the middle. And at the bottom … When you own a small business, it’s easy to feel like you’re on an island. Read on and find out why you should start populating that island with top-notch advisors.
Make Good Decisions With Solid Business Information – Too often business owners spend all of their time on their income statement and balance sheet. It is natural that they do so – business owners have been conditioned to focus on these as the key reports they need to run their business. But there is other information – much more important information – that you should regularly examine in order to make solid decisions and reach your business’s full potential. Keep reading to learn more.
Bright Ways To Succeed In Business – Not all business people are created equal. Some have a way of turning everything they touch into gold. Some shine just a little bit brighter than the rest. Read on to see how you stack up.
Gain Control Of Your Business – In today’s busy workplace, owners and managers can become so bogged down with day-to-day activities that long-term plans and best business practices are swept into the corner and forgotten. Keep reading for some tips to help owners and managers get their businesses in order to help them survive and thrive for years to come.
From Good To Great: How To Create A Strategic Plan That Propels Your Business Forward – Success doesn’t happen without some blood, sweat and tears, and neither does a solid strategic plan. It takes a great deal of research, discovery and participation to bring such a plan to fruition … but it’s well worth the effort. Read on to learn more about the strategic planning process.
Want To Grow Your Business, Retire Rich? Change Your Mindset – The average business owner has about 60 percent of their net worth tied up in their business. If that doesn’t motivate you to break away from business-as-usual management style, I don’t know what will. It’s time to start treating your business as you would any other investment. Read on and discover five keywords will help keep you on the right track.
Strategic Planning: The Road Map To Success – Success rarely just happens. In fact, it takes a lot of hard work, planning and direction from a company’s management team. Furthermore, it requires firm-wide dedication to a comprehensive road map called a strategic plan. Keep reading to learn more.
Click here to read the official transcript for episode 34: the best way to buy a business, build a relationship that matters.