From Cameraman to 2x Acquisition Entrepreneur in the Crime Scene Cleanup World with Steve Keller | Let's Buy a Business | Mar 17, 2023

Heyo,

I am seeing a lot of distressed deals. Like tons. The problem is many aren’t worth anything or worth saving.

How can we determine if a business is worth buying, saving, or whatever you want to call it…

Here are 3 things to check out for:

1. Do you have the skill sets to even do this?

If you don’t bring anything to the table, then that’s your first problem. Get more marketable skills in something relevant to your acquisitions.

I mean this across all your acquisitions. I don’t care what it is but operations, network, money, true experience. Anything.

2. How can you structure this deal with little to no downside?

I just bought a business. It was going through bankruptcy but I knew how to fix it. I also wanted to fix those problems which is another can but we’ll avoid that for now.

Let’s assume you want to fix it. STRUCTURE this deal so that if none of your ideas work, you still make money or even just break even. You can walk away without betting on the farm.

3. BEFORE you buy the company, what can you do to test your growth ideas?

Now, don’t do anything shady or illegal but start seeing if you can implement the strategies to fix the business.

Here is an example. I knew people in this pet space that I could reach out to and gauge interest in sponsorships and partnerships. All of them said yes and showed interest.

We didn’t nail down specifics. And I didn’t promise anything but I knew I had a dozen customers ready to partner.

Check Out This Article for How to Turn Around Distressed Businesses

Steve Keller went from a cameraman to a business owner nearly overnight. He bought 2 businesses, $120k and $1.3M in the crime scene cleanup space. Steve has an inspiring story and has reinvented his career multiple times.

• How he found and funded his first deal

• How he used that knowledge to win a competitive acquisition 10x bigger

• Tax strategies he’s using to save a ton of taxes on cash flow

Jodie has been living in different countries over the last six years while managing her business, exiting, writing books, and training/competing as a powerlifter. She's in her early 30’s and has put herself in a position to never work again...just for money.