FREE Book step-by-step guide to buy your first business – https://www.dealflowsystem.net/UNLOCKTHE3DOORS
Get Jed’s Book at: https://failed-business-buyer-lessons.carrd.co/
Jon Stoddard sits down with Jed Morris—a veteran who swapped the military for business ownership. He thought buying a business would be his golden ticket. Instead? A crash course in what not to do.
Jed dives into his journey through ETA (Entrepreneurship Through Acquisition), finding and acquiring a landscaping business, and the hard truth: just because a business looks “boring” doesn’t mean it’s easy.
He learned the hard way about seller Relationships, cash flow crunches, and the real risks of business ownership. Turns out, running a business isn’t just about numbers—it’s about people, trust, and knowing what you’re really getting into before you sign on the dotted line.
From bankruptcy to bouncing back, Jed shares why patience, due diligence, and having the right mentors make all the difference. If you think buying a business is a fast track to wealth, think again. This is a masterclass in what happens when things don’t go as planned—and how to come out stronger on the other side.
Chapters
00:00 Introduction to Jed Morris and His Journey
01:04 Transition from Military to Business Acquisition
03:20 Discovering the World of ETA
04:31 Initial Search for a Business
06:44 Shifting Focus to Landscaping Business
08:08 Understanding the Complexity of ‘Boring’ Businesses
10:05 Building Relationships with Business Owners
12:04 Negotiating the Purchase Agreement
16:39 Discussing Risks with Family
18:06 Understanding Bankruptcy and Personal Guarantees
20:51 Challenges After Acquiring the Business
23:32 The Importance of Taking Time to Grow
26:34 Cultural Conflicts in Business Integration
32:27 The Stress of Business Ownership
33:21 Navigating Business Challenges
34:54 Financing Strategies for Business Acquisition
36:23 Lessons from Business Failures
41:08 Understanding Seller Dynamics
45:33 Cash Flow Constraints and Their Impact
51:12 The Importance of Patience in Business Growth
57:12 Transforming Failure into Valuable Lessons
Notifications
