Main Street Versus Wall Street: Real Lessons on Acquiring Businesses
Join Brett Holcomb (entrepreneur, mentor) and Elliott Holland (Harvard MBA, due diligence expert) as they break down what it takes to buy a profitable small business.
Key insights in this session:
• Buying an established, 10+ year-old business is safer and more profitable than starting from scratch.
• Know how to analyze SDE and EBITDA for accurate valuation and to avoid overpaying.
• Use BizBuySell to find deals and follow up often with brokers.
• Keep a new business running smoothly—don’t rush big changes.
• Franchises give structure; independent businesses give flexibility. Both have upsides and downsides.
• Stick to the steps: LOIs, SBA loans, and thorough due diligence.
This is a direct, practical guide for first-time buyers: focus on steady cash flow, solid numbers, and careful execution.