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In this episode I talked to Thomas Smale in his New York City Office to get his story and some advice on how to buy and sell businesses. He's done over $1B dollars in sales without even knowing how to develop a website, and he shares his advice on how to flip businesses, how to negotiate, and how he would start again if he had $0 dollars. This is a perfect episode for anyone who is hesitant on starting a business, and would rather buy one and build it from there.

0:00 Intro
0:49 Getting into M&A
2:50 Selftaught website flipper
4:17 How he started an M&A firm
5:40 Using the Pareto Principle to make more money
6:36 How to buy a business
8:02 How to spot good businesses
9:46 Selling a $10M+ business
10:41 How he got the 8figure deal
11:23 How much profit he makes per deal
11:56 How to value a business
12:56 Buying a business VS starting one
14:26 How to negotiate
16:33 How to buy a business from scratch

Find Thomas
Twitter   / thomassmale  
Website https://feinternational.com

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SOCIALS
Instagram   / starter_story  
Twitter   / thepatwalls