Should I Buy A Business? | What You Need To Know With Chuck Mullins

Today we talk with Chuck Mullins from Quiet Light Brokerage (<a href="https://www.quietlightbrokerage.com/)" rel="noopener">https://www.quietlightbrokerage.com/)</a>. He tells us about his background in business and website development. He then talks about how he started his career with Quiet Light. We then discuss the advantages of buying businesses, and strongly recommend it for those with more time on their hands or who have lost their jobs due to the COVID-19 crisis. We talk about the variety of businesses that Chuck has seen with his work at Quiet Light, and discuss how to determine which business would be best for you. <br /><br />Chuck’s Background; About Quiet Light Brokerage 1:06<br />Am I Qualified To Buy A Business? Advantages of Buying a Business 15:53<br />What Kind of Business Should I Buy? 22:16<br />Growth Opportunity; Importance of Stability; How Can Your Skills Add Value? 27:10<br /><br />“The average multiple for a brick and mortar is only in the mid 2’s -- like, 2.38 or something. That’s kind of been over the history of the last 40 or 50 years. Now, that’s for sub-million dollar businesses. Once you get over the million dollars, it’s a different world; you’ve got private equities, you got this, you got that -- the numbers change. But just for a small mom and pop shop, they’re not that expensive.” 18:36<br /><br />Reach Out To Chuck: <a href="mailto:chuck@quietlightbrokerage.com">chuck@quietlightbrokerage.com</a><br /><br />Reach Out To Keith, Get Help and Resources: <a href="https://dincpie.com/" rel="noopener">https://dincpie.com/</a>