title: "An ecomm business worth another look? - Acquisitions Anonymous 258"
author: "Acquisitions Anonymous - #1 for business buying, selling and operating"
source_type: podcast
content_hash: eca262731ac02b90cdb21d0ab1386a63ad4c87f96cbfb2f236f4d4e94fe37542
extraction_method: podscripts
Hey, Michael here.
Welcome to Acquisitions Anonymous Internet's number one podcast about buying, selling, and investing
in small businesses.
Today, Heather, Bill, and I, Michael Gerdley, went through and examined a deal from Quietlight
that we found very interesting.
It is a set of eco-friendly patent-pending products that are sold for pet use, organization,
display, all that kind of stuff.
And it was one of the better deals we've looked at.
So I think you'll enjoy this one. Here it is. Are you looking for a small business to acquire?
Well, this book right here is the Bible for people in your shoes. It's the Harvard Business Review
Guide to Buying a Small Business. It's the go-to book. But here's the problem. You see this whole
book and this little bit? This is the only part that talks about the hardest part of buying a business,
finding the right one to buy. And the bad news is it's full of outdated advice and stuff that
doesn't work anymore. I'm Michael Gurdley. I own 12 companies and
including a couple that go out and buy more companies themselves.
And I have a podcast where we look at new businesses to buy each and every week.
I've looked at thousands of businesses for sale, and I've bought and sold nearly 20 of them.
And I'm telling you, the old ways, they don't work anymore.
So I made a course with the latest and the greatest, and it's called How to Find a Great Business to Buy.
It's laser focused on the new way to run a business search with what works today.
So you can play smarter than the sea of buyers who are out there competing against you to try to buy these businesses.
and you can get the deal that was meant for you.
In the course, you'll learn three things.
One, how to narrow your search with a tight thesis.
We're hunting with a rifle here, not shotguns.
Two, how to scale your outreach to get the most possible leads.
This is a numbers game after all.
And three, how to run your funnel like a pro
so you can boil down thousands of leads to find your one great deal.
Plus, you'll get a couple of exclusive Chili's jokes
that I've never published before.
So what's not to love?
Go to gurdly.com slash great business to take the course today.
All right, Heather, you said you had something very nice to say about Bill.
I do, I do.
So I was speaking with someone today who went to the Main Street Summit, and he said,
I think that Bill's talk was the best talk of that whole conference, and I am not alone.
I talked to other people who said the exact same thing, and he was awesome, and it was a great talk.
And then I was telling Michael this, and he goes, well, what did Bill talk about?
And I go, oh, I don't know.
It's hard to say.
She's like, I didn't go.
Tell us what you talked about.
Why would I go to that?
I was so memorized.
I forgot completely what you said.
No, no.
I didn't pay attention.
I was just staring into Bill's eyes the whole time.
That's what I do.
That is an awesome piece of feedback.
Thank you for sharing that.
And whoever shared that with Heather also.
I'm glad you enjoyed it.
The talk was about small business finance,
about working capital,
about optimizing your banking relationships,
how to use debt,
What are vendor terms?
How do you think about that with an SBA loan?
Heather, I got the plug in for the SBA loan.
Oh, right.
You are awesome.
I kind of walk through, like, here's how you finance a small business,
not just as a transaction, but also on an ongoing basis.
Yeah.
With working capital and lines of credit and all those things.
But I think a lot of people got a lot out of it.
Well, I hear they did.
So good job.
Well, they also, the key, here's the key to giving good talk sometimes.
is try to cram 40 minutes of information
into a 25 minute time slot.
I stood up there and I go,
all right, buckle up, here we go.