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Watch it on Youtube: https://youtu.be/REsThPG72wk

About The Guest(s):

Robert Nance is the founder of Small Biz Acquisitions, a partnership program that helps individuals buy their first small business in the US. With over 24 years of experience in buying businesses, Robert brings a wealth of knowledge and expertise to his partners. He emphasizes the importance of operational experience and financial investment for success in the small business acquisition space.

Summary:

Robert Nance of Small Biz Acquisitions joins the How2Exit podcast to discuss his unique partnership program for individuals looking to buy their first small business. The program offers one-on-one mentorship, access to Robert's expertise, and financial support for the acquisition. Robert highlights the value of having an experienced partner who can provide guidance and access to experts. He also emphasizes the scalability and sustainability of his program, which has seen significant demand since its inception. The long-term goal of Small Biz Acquisitions is to continue expanding and partnering with more first-time business buyers.

Key Takeaways:

Small Biz Acquisitions offers a partnership program for individuals looking to buy their first small business.
The program provides one-on-one mentorship, financial support, and access to experts.
Operational experience and a financial investment are crucial for success in the small business acquisition space.
Small Biz Acquisitions aims to partner with first-time business buyers and help them navigate the acquisition process.
The program is scalable and sustainable, with plans for continued expansion and growth.

Quotes:

"This is a real partnership. And, that it has to be an equitable situation."
"We target the baby boomers for retirement. It's old school. I know who these guys are."
"We only target companies who have key employees in place."
"We create value just by implementing absentee owners."
"There's zero risk here. There's risk of time, there's risk of opportunity cost, but there's no risk like an SBA loan."
"Building a company is a completely different skill set than buying a company."
"My firm doesn't invest in people who don't go through this program."
"We're here to partner with first-time business buyers who may not have the capital or knowledge."
"The model's proven. We're building an infrastructure, and we're here for you."

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Contact Robert on
Linkedin: https://www.linkedin.com/in/smallbizbuyer/
Website: www.smallbizacquisitions.com/exit
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E143: Robert Nance of Small Biz Acquisitions on the Benefits of their Partnership Program

How2Exit: Buy, Don't Build - M&A of Small Businesses