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In this episode, Ryan breaks down how he bought a grant writing business in an industry he knew nothing about, got the seller to finance 80% of it, and doubled revenue a year later.
◼️ Why the seller agreed to finance 80% of the price herself, and what she got in return
◼️ The detail in the company's history that made him stop trying to talk himself out of the deal
◼️ What happened two days before closing that nearly ended the whole thing
◼️ How long it actually took him to feel competent in an industry he had never worked in
◼️ The one thing he says he would do differently if he bought again this year
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What is The SMB Deal Hunter Podcast?
Every week, Helen Guo interviews successful acquisition entrepreneurs, independent sponsors, and investors who have acquired businesses. Learn how to buy a business rather than starting one from scratch from those who have done it themselves.