Episode 34

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Published on:

17th May 2021

Let's Buy Multiple Businesses: The Acquisition Entrepreneur – Ryan Condie

In this episode, I bring with me, Ryan Condie. Before becoming an entrepreneur, Ryan spent 8 years in software sales at billion-dollar companies. It wasn't long when he realized that being in the corporate world is not something he is passionate about, and so, he left Corporate America to start his own business. A few businesses later, and with the success that he is picking up, he switched his focus on acquiring and growing businesses.

[00:01 – 06:23] How everything started

  • Ryan shares what keeps him busy these days
  • Ryan talks about his childhood and what sparked the entrepreneurial fire within him
  • Stumbling upon business acquisitions

[06:24 – 20:35] From Corporate to Entrepreneur

  • Ryan talks about his transition from the corporate world to becoming an entrepreneur
  • Ryan on pursuing the life you want to live and how you can do it
  • The importance of having the support of your partner/spouse

[20:36 – 42:21] Business Acquisitions

  • Ryan talks about the first business he acquired
  • The skills you need for business acquisitions
  • Ryan's advice on how to find your niche
  • Start with the end in mind
  • Common mistakes new investors make in acquiring a business
  • How to get started with business acquisitions
  • Buying mature businesses vs. Startups


[42:22 – 46:28] The Contrarian 3-Pack

  • What would you say is the most contrarian investment you've made?
  • Betting in myself and pursuing someone to become my mentor
  • What's your favorite activity to do with your friends and family outside of work?
  • We love the mountains. Spending time with family and friends hiking, skiing, and more.
  • What actions, whether within work or family, offer you the most fulfillment in life?
  • Coming home from work, and my daughter giving me a hug.
  • Connect with Ryan. Links available below.

 

Tweetable Quotes:

"If you start looking for anything under the sky, it's gonna be hard to find something because everything will look interesting…you can get into a dangerous habit of being able to [get] paralysis by analysis where you just can't make any decision." – Ryan Condie

"You need to surround yourself with people who are good at the things you're not good at." – Ryan Condie


Resources Mentioned:

 

You can connect with Ryan on Twitter, LinkedIn, or at https://letsbuyabusiness.com/


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Think Different. Earn Different. Live Fulfilled.

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About the Podcast

Contrarian Cashflow
Think Different. Earn Different. Live Fulfilled.
Have you ever thought there has to be more to offer from life?

I went to college....because they said that is what you do

I got a well paying job...because that is what they said to do

I reached Income and Net Worth goals....because that is what they said to do

As I attained each of those goals I didn't feel the change in myself I had expected. My life wasn't any different and it kept me wanting for more...

Who is they and why did I feel so compelled to listen??

After much introspection I have found relationships and fulfillment will lead to the most impactful life.

This podcast is about that journey, interviewing some of the most successful within investing and entrepreneurship. How we seek fulfillment in life and maintain motivation through life's ups and downs.

Please join us as we delve into becoming who you are meant to be.

About your host

Profile picture for John Blanton

John Blanton

John is an experienced sales professional and investor driven to help others surpass their goals and find fulfillment in life. He has a passion for gaining financial independence and helping others get there through investment cashflow. He is fortunate to be supported by his loving wife and two daughters. Favorite activities include spending time being active outdoors with his family.