This entrepreneur is Reza, a civil engineer from Iran with a passion for construction. Moving to Canada, he faced many challenges but never gave up on his dream. Reza worked his way up from laborer to project manager in a construction firm. He always wanted to start his own venture, but needed the right opportunity. After watching some inspiring videos, Reza decided to dive into business acquisitions. He found his first deal through a broker, signed an NDA, and began reviewing financials. Financing was a challenge. Reza secured a mix of bank loans and even sold his house to make it happen. His determination and belief in his vision paid off. The seller was motivated to sell due to retirement plans. The company had solid financials but lacked a strong management structure, which Reza saw as an opportunity. Reza hired an accountant and lawyer on a success fee basis, ensuring he got expert advice without upfront costs. This was crucial in navigating the complex acquisition process. He structured the deal with a combination of cash, vendor take-back, and earn-outs, aligning incentives for future performance. Reza emphasizes the importance of mindset. Believing in himself and committing fully were crucial for his success. The first few months post-acquisition were smooth, thanks to the seller's support and a strong team. Reza is now focused on expanding and integrating more acquisitions. Want to hear what happens next? I just released a 45 min interview with Reza. Comment "Reza" and I'll send you the link.

Here's his story: This entrepreneur is Mohan, a podiatrist and ankle doctor with a passion for business. Mohan worked in a group practice for years, but he always felt the urge to start his own venture. After considering several sectors, Mohan decided to acquire a practice in his field of expertise. He found a deal through a broker, signed an NDA, and began the meticulous process of reviewing financials and performing due diligence. Most of the financing was done through SBA, which involved a lot of paperwork but was ultimately worth it. Mohan’s credentials helped him gain the trust of the broker and the seller, making the acquisition smoother. The seller was motivated to sell due to family reasons and a desire to retire after 30+ years in practice. The practice had two employees who stayed on, ensuring a seamless transition for Mohan. Mohan hired an accountant and a valuation expert on success fee to get an accurate value of the business. He structured the deal with 10% down, split evenly between him and the seller, with SBA financing the rest. Mohan emphasizes the importance of mindset. Believing in himself and committing fully were crucial for his success. The first few months post-acquisition were smooth, thanks to the seller's support and cooperation. Want to hear what happens next? I just released a 15 min interview with Mohan. 👇 Comment "Mohan" and I'll send you the link.