In this short episode, I will be talking about the differences between seller financing and earnout in the context of business acquisitions. We will explore the advantages and disadvantages of each option and provide examples of situations where one may be more appropriate than the other.

Seller financing involves the seller providing financing to the buyer to facilitate the sale of the business, while earnout involves the seller receiving additional payments based on the future performance of the business.

We will examine the various factors that should be considered when deciding between seller financing and earnout, including the nature of the business, the seller's goals, and the buyer's financial situation.

By the end of this video, you will have a better understanding of the differences between seller financing and earnout and be better equipped to make an informed decision when acquiring a business.

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Is an earnout seller financing?
What is the downside of seller owner financing for the seller?
What are the two types of seller financing?
What is a typical earn out percentage?

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Hi! Welcome to New Every Moment Podcast hosted by your one and only Joseph Harmony!

New Every Moment Podcast is a weekly show that will elevate your mind and income through spoken words and high level discussions with high figure income earners. The main mission of New Every Moment is to promote #SelfExcellence ⚡

Elevate your Mind 🧠
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In this episode, we will discuss the 5 key steps involved in purchasing a business. Whether you're a first-time buyer or a seasoned entrepreneur looking to expand your portfolio, these steps will help you navigate the process with ease.

Step 1: Identify Your Criteria
The first step in buying a business is to identify your criteria. This includes determining your budget, your preferred industry, the size of the business you want to buy, and any other factors that are important to you.

Step 2: Find Potential Businesses to Buy
Once you have identified your criteria, it's time to start looking for potential businesses to buy. You can use online marketplaces, business brokers, or your personal network to find businesses that meet your criteria.

Step 3: Conduct Due Diligence
Before making an offer on a business, it's important to conduct due diligence. This includes reviewing financial records, legal documents, and any other relevant information about the business.

Step 4: Negotiate the Deal
Once you have completed due diligence and are satisfied with the information you have received, it's time to negotiate the deal. This includes determining the purchase price, the terms of the sale, and any other important details.

Step 5: Close the Deal
The final step in buying a business is to close the deal. This includes signing the purchase agreement, transferring ownership, and taking possession of the business.

By following these 5 steps, you can successfully navigate the process of buying a business and achieve your entrepreneurial goals.

In this video, you will learn a valuable skill that has the potential to earn you over $200K yearly. I will walk you through step-by-step - on a high level, on how to develop these skills and turn it into a lucrative career. Whether you're looking to increase your income or start a new career path, this video will provide you with the knowledge and tools to do so. So, join me and let's get started on your journey to financial success!