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The New 1%
Timothy Douglas
790 episodes
3 days ago
Welcome to the New 1%, a community of people judged by their impact, not their wealth. We pool funds, develop people, and optimize for impact. How do we do this on the show? We discuss the following topics: Buying & Selling Businesses Operating Businesses Deep Dive into impact entrepreneurs Community Investing My Personal Progress Updates We also interview acquisition entrepreneurs to hear about the impact they want to create and the obstacles they had in finding, funding, and operating their businesses. How do we do this off the show? Message me @timdouglas924 on IG and find out...
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Entrepreneurship
Business
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All content for The New 1% is the property of Timothy Douglas and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Welcome to the New 1%, a community of people judged by their impact, not their wealth. We pool funds, develop people, and optimize for impact. How do we do this on the show? We discuss the following topics: Buying & Selling Businesses Operating Businesses Deep Dive into impact entrepreneurs Community Investing My Personal Progress Updates We also interview acquisition entrepreneurs to hear about the impact they want to create and the obstacles they had in finding, funding, and operating their businesses. How do we do this off the show? Message me @timdouglas924 on IG and find out...
Show more...
Entrepreneurship
Business
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πŸŽ™οΈ Podcast Episode: "Unlocking Business Opportunities: Buying an Online Jewelry Store"
The New 1%
7 minutes 10 seconds
1 year ago
πŸŽ™οΈ Podcast Episode: "Unlocking Business Opportunities: Buying an Online Jewelry Store"

Buy $60,000 in cash flow for $7,500! πŸ’° Secure an SBA loan with just 10% down and acquire your very own online jewelry store. Here's how:

πŸ’Ž The Deal: The purchase price is $75,000. Your down payment? Approximately $7,500, leaving you with a debt of about $67,500. Monthly payments of $1,030, with $48,000 leftover. A golden opportunity, right?

🚩 Identify Red Flags: First, let's talk strategy. Pinpoint potential red flags. Are they selling you recent cash flow? Is there a track record worth considering?

🌟 Assess Strengths: Next, assess the strengths. This business may be low maintenance, offering opportunities for strategic partnerships to boost brand presence and profits.

🀝 Consult Your Team: Don't go it alone. Consult with your teamβ€”a trusted accountant, lawyer, equity partner, and perhaps a due diligence expert. Make an informed decision.

πŸ“ˆ Scale Your Business: Embrace this opportunity to own a website you can scale with digital marketing expertise.

This episode dives deep into the art of identifying opportunities, assessing risks, and making strategic business decisions. Join us to explore the world of online jewelry store acquisitions.

#BusinessOpportunities #OnlineBusiness #Entrepreneurship #DueDiligence #PodcastEpisode


The New 1%
Welcome to the New 1%, a community of people judged by their impact, not their wealth. We pool funds, develop people, and optimize for impact. How do we do this on the show? We discuss the following topics: Buying & Selling Businesses Operating Businesses Deep Dive into impact entrepreneurs Community Investing My Personal Progress Updates We also interview acquisition entrepreneurs to hear about the impact they want to create and the obstacles they had in finding, funding, and operating their businesses. How do we do this off the show? Message me @timdouglas924 on IG and find out...