How To Buy A Good Business At A Great Price - Richard Parker and Lily Patrascu

How To Buy A Good Business At A Great Price - Richard Parker and Lily Patrascu Richard Parker, with deal sizes ranging from $50,000 to over $200 million, 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 has personally purchased 13 companies and co-invested with Ray Dalio’s family office. Richard has appeared in Forbes, The New York Times, and Entrepreneur Magazine, with over 200 published articles to his credit.About the GuestRICHARD 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 was a partner with Ray Dalio and the Dalio family office for four years in an investment firm that was set up for was Richard to mentor one of Ray's sons in the art of buying businesses. 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.Timestamp 0:00 Introduction 0:11 Conversations on Quantum Topics 0:28 Richard Parker’s Background 1:14 Achievements and Publications 1:27 Interview Begins: Secret to Success 2:31 Personal Awakening and Early Failures 4:20 Misconceptions about Buying Businesses 4:58 Defining a Good Business 5:56 Criteria for the Right Business 9:28 Mistakes Entrepreneurs Make 11:17 Buying vs Starting a Business 13:07 Leveraging Seller's Pain Points 14:59 Determining a Good Price 16:13 Becoming the Solution for the Seller 18:22 Avoiding Gazumping 20:06 Identifying Red Flags 21:45 Avoiding Emotional Bias 23:28 Overlooked Due Diligence Processes 25:35 Introduction and First-Time Buyers Advice 26:49 Importance of Industry Experience 27:23 Finding Good Businesses to Buy 29:03 Evaluating Businesses Without SOPs 29:36 Recommended Online Platforms for Business Listings 30:20 Approaching Business Owners Directly 32:54 Worst Mistakes After Purchase 34:07 Managing Company Culture Post-Purchase About The Host Lily Patrascu is an ultra-creative book publisher and personal brand strategist for thought leaders, CEOs, luxury influencers. As an influencer, bestselling author, copywriter, global speaker, she supports busy entrepreneurs to find their message and share it with millions of people. Feel free to connect with me or find out more about my book publishing/influential entrepreneur events/speaking/ projects here: https://linktr.ee/lilypatrascu & www.lily.global I am launching a few collaborative books: on property wealth strategies, confidence, millionaire secrets, health tools, AI, and seeking influencers with large communities to promote their expertise with the books. I can help you write/ghostwrite and publish your books in 90 days. Message me (Lily) on +447557351222 to collaborate. If you want to be featured on this podcast, and you're a successful entrepreneur able to share about how you grew your company, book your spot here: www.lily.global/podcast - *********************************************************** Getting featured is free. 🎧 Listening is free. But creating this podcast takes time, energy, and resources. If you’d like to support Lily’s mission to inspire people worldwide, contribute here: https://support.lily.global/e/awakenedtitanspodcast Your support keeps the Awakened Titans Podcast alive and growing. *********************************************************** IMPORTANT: Earnings and Legal Disclaimers We don’t believe in get-rich-quick programs or guarantees of specific outcomes. We believe in hard work, adding value, and serving others, and our programs are designed to help you achieve those goals. As stated by law, we cannot and do not make any guarantees regarding your ability to achieve financial results, earn money, or improve your health using our ideas, information, programs, or strategies. Your success depends on your own efforts, skills, and circumstances, which are beyond our control. We are here to support you by sharing our strategies to help you progress, but nothing on this page, any of our websites, videos, marketing materials, or in our emails constitutes a promise or guarantee of future earnings, financial outcomes, or health improvements. Any financial or health-related examples, estimates, projections, or past results referenced are for illustrative purposes only and reflect the views of the hosts and guests. They should not be considered as exact, actual, or assured results. If you have any questions, please contact us at [email protected]. Awakened Titans Podcast - with Lily Patrascu shares mindblowing conversations with influential business titans so you can manifest abundance, love, joy, success, through exponential business growth, innovative products and services, time/money management, property investment, funding, startups, quantum awakening, quantum manifestation, quantum healing, quantum miracles, motivation, high achiever habits and more!