Buy or Build your first business? | Ryan Condie - #011

Ryan shares his journey from working in sales to becoming an entrepreneur. He discusses the decision to buy or build a business and highlights the importance of utilizing one's skills and experience in entrepreneurship. Takeaways Entrepreneurship can be the end goal for salespeople, providing opportunities for financial success and personal fulfillment. When deciding whether to buy or build a business, consider your goals, skill sets, and risk tolerance. Thinking like an owner and considering the long-term impact of your actions can lead to better outcomes in sales and entrepreneurship. References and how to connect with Ryan Condie ⁠LinkedIn⁠ ⁠Let’s Buy a Business: Buy vs Build⁠ Connect with The Salesprenuer Podcast: Subscribe for future email updates ⁠⁠here⁠⁠ Connect with the host, ⁠⁠Claylyn Tirrell on LinkedIn⁠⁠ Follow ⁠⁠Clay on X, Twitter⁠⁠ Subscribe to YouTube Channel Chapters 00:00 Introduction and Background 06:11 Entrepreneurship as the End Goal 10:05 Deciding to Buy or Build a Business 16:21 Utilizing Skills and Experience in Entrepreneurship 22:54 Starting a Business on the Side 30:19 Understanding Profit and Loss 35:35 Thinking Like an Owner 39:13 Testing and Pivoting 40:11 Advice for Salespeople Entering Entrepreneurship