How I Bought a $3.4M Business For $200K

My First Million

Want Sam's Playbook to Uncover Hidden Business Opportunities? Get it here: https://clickhubspot.com/weo

Episode 723: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Shaan’s college friend Dan Certner ( https://x.com/youneedbags ) about how he bought a business and doubled it in 18 months.

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Show Notes:

(0:00) Dan the bag man

(5:16) Farmville Fraud Detection

(10:09) Fail: Getting rich working at a startup

(15:13) Buying a bag business

(19:30) The forgivable sellers note

(22:57) How to find the right business

(37:29) Meeting the seller

(40:15) Negotiating the terms

(45:44) The real profit

(49:55) Who should do this?

(53:40) Everything is someone's business

(56:32) The exit strategy

(59:41) Shaan and Dan's business plan

(1:07:49) Fun to Run Businesses

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Links:

• Fleet - https://www.fleetpackaging.com/

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Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com

• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!

Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC

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Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano