Buying a business sounds easy—but is it the right move? In this episode, Todd and the crew break down the real differences between buying and starting a business, the traps of “boring business” advice online, and how to apply the Do Business Method™ for real success.

Chapters:

00:00:00 - Introduction

00:00:38 - Should You Buy or Start a Business?

00:00:50 - The Concept of 'Boring Businesses'

00:03:23 - The Reality of Running a Business

00:04:50 - The Importance of Relationships in Business

00:06:01 - The Influence of Business Influencers

00:09:05 - The Value of Experience in Business

00:09:28 - The Motivation Behind Buying a Business

00:12:26 - The Advantages of Running a Business

00:15:08 - Conclusion: Starting vs Buying a Business

00:16:03 - The Concept of Buying an ATM Business

00:16:53 - The Reality of Running an ATM Business

00:19:55 - The Potential of Owning a Parking Lot Business

00:22:17 - The Importance of Focus and Consistency in Business

00:25:53 - The Potential of Owning a Storage Facility Business

00:28:20 - The Importance of Research in Business

00:28:30 - The Do Business Method

00:30:28 - The Importance of Consistency and Focus in Business

00:30:38 - The Role of Leadership in Business

00:30:55 - The Impact of Diversification in Business

00:31:46 - The Concept of Exiting a Business

00:33:34 - The Pros and Cons of Starting a Business

00:34:18 - The Importance of Staying Within Your Sphere of Expertise

00:37:39 - The Value of Experiences in Business

00:41:11 - The Potential of Owning a Valet Business

00:43:16 - Advice on Buying a Business

00:45:31 - The Concept of a Log Line

00:46:15 - Understanding Youth Slang in Business

00:46:56 - The Trap of Freedom in Business

00:47:25 - The Importance of Authenticity in Business