Instead of Starting A New Business, Buy A Boring Business and Get Immediate Cash Flow! - Wayne Yap
Description
In this episode of the iSearch podcast, Benjamin Lim (iSearch) discussed with Wayne Yap on buying a boring business and making it profitable, where Wayne bought a boring business and turned $2,500 to $380,000 a Month!
The areas of discussion include:
1:17 - Wayne’s definition of a ‘boring business’
1:54 - Examples of ‘boring business’
2:40 - Key considerations before Wayne buys over ‘boring businesses’
3:43 - Strategy on buying over ‘boring businesses’
4:31 - The process of buying over a business
7:27 - Having relevant experience before acquiring a company
8:56 - Document requirements to conduct due diligence
9:58 - How Wayne approaches potential sellers
11:01 - Wayne’s due criteria for buying businesses
15:18 - Changes made and lessons learnt from Wayne’s successful business
17:41 - Wayne’s thought process before acquiring a beauty business
19:33 - Wayne’s strategy to go from $2,500 to $380,000 per month
22:19 - Wayne’s current portfolio of businesses
24:17 - Evaluating the price of a business for acquisition
26:08 - Marketplace to find businesses for sale
27:14 - Engaging a consultant for inexperienced buyers
28:11 - Hiring a lawyer for the acquisition process
29:45 - Wayne’s current personal projects
Check out Wayne Yap here:
https://www.wayneyap.com/
#boringbusiness #businessmalaysia #businessgrowth #businesstips #businessstrategy #businessacquisition #entrepreneur #entrepreneurmalaysia #startupmalaysia
United States
