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🎧 Your Ultimate Guide to Business Acquisition in Today’s Economy
Podcast Leadership / PodCast / Dec 12, 2023 / Posted by Richard Parker / 22

🎧 Your Ultimate Guide to Business Acquisition in Today’s Economy

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Buying a Business in Today’s Economy: Insights from Richard Parker

Business acquisition expert Richard Parker shares his insights on buying a business in today’s economy. He discusses the importance of finding motivated sellers, stress-testing businesses, and conducting thorough due diligence. Parker emphasizes the need for conservative financial projections and the importance of sound financial management. He also shares his passion for helping individuals achieve their entrepreneurial dreams.

  • The current economic climate is a buyer’s market for businesses.
  • Sellers are more inclined to negotiate favorable deal terms due to economic uncertainties.
  • Focus on finding motivated sellers rather than fixating on a specific industry.
  • Stress tests businesses to assess their resilience during economic downturns.
  • Prioritize profitability and strong fundamentals when evaluating businesses.

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About Author

Richard Parker has been helping people achieve their dreams of owning a business for over 30 years. His ‘How To Buy A Good Business At A Great Price’ program has sold over 100,000 copies in more than 80 countries. He worked for the Dalio family office for a while, serving as a mentor to one of Ray Dalio's sons and instructing him in the finer points of small business acquisition. He has personally purchased 13 of his own companies plus one co-investment, with purchase prices ranging from $50,000 to over $200 million. Richard has appeared in Forbes, The New York Times, TheStreet.com, Entrepreneur Magazine, Inc., and has over 200 published articles to his credit.

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