The Business Ownership Show

Thinking about leaving your corporate job to run your own business? Beau answers a viewer question on how to go from employee to entrepreneur, starting with the mindset shift and a simple rule: save at least six months of reserves before you make the move, or twelve if you're more conservative. He explains why you should "test drive" several business models before you commit, just like you wouldn't buy a car after reading one review, and how a business assessment and a discovery call with a coach can point you toward models that fit your skills. He also shares why a franchise can be a good fit for people coming out of corporate who haven't run a business before. Not sure which business model fits you? Take the free Business Ownership Assessment: https://businessownershipblueprint.com Need financing or have questions about buying or owning a business? Book a call: https://bookwithbeau.com Check out Avail here: http://info.avail.com/beau  

Thinking about opening or buying a laundromat? Beau walks through what it takes to get SBA financing for a laundromat acquisition or startup: why your tax returns matter so much when you buy a business, the challenges lenders see with laundromat deals, and how cash flow and depreciation are looked at. He also shares a case study where a laundromat startup got 85% financing, and how card readers are changing the laundromat industry. Not sure which business model fits you? Take the free Business Ownership Assessment: https://businessownershipblueprint.com Need financing or have questions about buying or owning a business? Book a call: https://bookwithbeau.com Check out Avail here: http://info.avail.com/beau  

What exactly are SBA Preferred Lenders, and why does it matter which kind of lender handles your SBA loan? Beau explains how PLP lenders are approved to underwrite SBA loans in-house without sending the file to the SBA, while non-delegated lenders have to send every file to SBA underwriting. He shares why 95 to 99% of his deals go through PLPs, and why each bank tends to be good for a different "food group": business acquisitions with no collateral, commercial real estate, 7(a) and 504 deals, or franchise startups. He also tells the story of a franchise client whose local bank claimed to be a PLP but was packaging the file to send to the SBA and didn't understand franchise startups. His bottom line: matching your deal to a preferred lender that specializes in it is how SBA loans get done quickly. Not sure which business model fits you? Take the free Business Ownership Assessment: https://businessownershipblueprint.com Need financing or have questions about buying or owning a business? Book a call: https://bookwithbeau.com Check out Avail here: http://info.avail.com/beau  

What should go into an SBA business plan, and how does it affect your loan approval? Beau explains why lenders often prefer certain formats, with the story of a banker who sent back a client's plan because it was repetitive and pointed him to a specific template instead. He covers why the free SCORE business plan template is widely accepted by SBA lenders, how SCORE's free mentors can help you write the plan and build your financial projections, and how pairing the SCORE template with ChatGPT can speed up the writing. His bottom line: business plans and projections aren't overly complicated if you put in the time and actually show up for the help that's available. Not sure which business model fits you? Take the free Business Ownership Assessment: https://businessownershipblueprint.com Need financing or have questions about buying or owning a business? Book a call: https://bookwithbeau.com Check out Avail here: http://info.avail.com/beau  

Want to own a franchise without paying for a storefront? In this episode, Bill Davis asks Beau which franchise models you can run from a home office. Beau explains why many home service businesses, like pest control and painting, can start from home before they ever need a brick-and-mortar location, and why there are thousands of non-food franchises beyond the usual sub shops and burger chains. He also covers how up to 90% SBA financing can bring a $100,000 deal down to about $10,000 to $11,000 out of pocket, what lenders look for in credit and outside income, and why owning a recurring revenue business beats transaction-based work. Not sure which business model fits you? Take the free Business Ownership Assessment: https://businessownershipblueprint.com Need financing or have questions about buying or owning a business? Book a call: https://bookwithbeau.com Check out Avail here: http://info.avail.com/beau