300. The Business of Buying Businesses with Jaryd Krause

The Business of Buying Businesses with Jaryd Krause In this episode of Millionaire University, we meet Jaryd, a former plumber from Australia turned successful online entrepreneur. Through his platform, Buying Online Businesses, Jaryd shares his journey from initial failures with a travel blog and e-commerce venture to finding success and freedom by purchasing existing online businesses. He emphasizes the importance of due diligence when acquiring online ventures, offers insights into various business types suitable for beginners, and provides strategies for risk mitigation. Jaryd underscores the crucial role of mindset in overcoming fears and achieving goals, cautioning against unrealistic expectations perpetuated by social media. The discussion also delves into the motivations behind selling profitable online businesses and the value of these ventures as cash-flowing assets. Jaryd's guidance offers listeners invaluable insights to navigate the complexities of the online business world and embark on their own paths to financial success.   What we talked about with Jaryd: + Jaryd's Journey: From Plumber to Online Entrepreneur + he Evolution of an Online Business Empire + The Art of Buying and Growing Online Businesses + Due Diligence: The Key to Successful Online Business Acquisitions + From Blogs to SaaS: Understanding Different Online Business Models + Selling Your Online Business: Motivations and Strategies + Building a Business with the Future in Mind + Maximizing Business Attractiveness for Sale + Investing in Businesses vs. Real Estate: A Deep Dive + The Power of Cash Flow in Business Investments + Overcoming Fear and Achieving Success in Business Investments + Realistic Expectations and the Journey to Success   Resources from this Episode: Due Diligence Framework   Thank you Jaryd! To connect with Jaryd, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Jaryd, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at [email protected].