The $2.6M Profit Challenge - A 90-Day Roadmap

In this episode of The New 1% Podcast, Timmy Douglas lays out an audacious challenge: acquire a business generating $2.6 million in annual profit with a $2.4 million investment within the next 90 days. Here's a concise breakdown of the key steps:

Reel: Timmy presents the challenge of acquiring a $2.6 million annual profit business within 90 days through BizBuySell.com, focusing on an Education/B2B Training Business designed to help entrepreneurs reach $1 million in a year.

Segment 1 - Opportunity Assessment: Identify red flags and strengths within the target business. Look for recurring revenue models, like a $500/month subscription for community access.

Segment 2 - Build Your Team: Assemble a team of experts, including an accountant, lawyer, and possibly a third-party due diligence company, to conduct a thorough assessment.

Segment 3 - Find an Equity Partner: Network relentlessly within acquisition entrepreneur communities, utilize social media platforms, and pitch to private equity groups to secure a $2.4 million equity partner.

Segment 4 - Asking the Right Questions: Evaluate the business by asking essential questions, including the product, target market, pain points, and growth potential.

Segment 5 - Red Flags and Considerations: Watch out for red flags like a low selling price and an owner's exit strategy when a management team is in place. Assess company culture and the executive team's proficiency.

Segment 6 - Adding Value: Explore avenues to add value to the business, such as incentivizing referrals, creating organic content, and introducing a business buying angle for growth through acquisitions.

This episode offers a concise roadmap for entrepreneurs and investors eager to embark on a swift journey to acquire a thriving business with Timmy's strategic approach and insights as their guide.

Join The New 1% soft launch team at workwithtimmydouglas.com

• This is for the people looking to buy a business at some point, but not in the next 12 months.

• The impact here is in spreading the word until you can commit to doing the work

• Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology.

If you’re looking to buy a business in the next 12 months, DM me and join the hard core launch team, limited to 100 people! Here you’ll get the following for FREE

• access to a list of Private money partners for buying businesses that I’m building

• a due diligence checklist

• a community of people committed to buying businesses

• essential contacts in major cities for due diligence.