159. Almost done, purchase agreement, signed letter of intent, finding a back up W-2

Business Buyer Diaries: the Reality Before, During, and After

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Ever wondered how a fitness empire can thrive even during the holiday slowdown? This week's session is all about the strategic steps and key negotiations that are essential when expanding a business during quieter times. As I navigate the complex dance of acquiring two more fitness studios, I'm bringing you along for the ride—sharing the nitty-gritty of securing letters of intent and purchase agreements, as well as the critical due diligence required to confirm financials and align deals with my business goals. It's an inside look at the hustle behind the muscle, where patience meets persistence.
Hold onto your dumbbells, because we're not just lifting weights—we're lifting the curtain on the art of juggling business expansion with team meetings, and why carving out time for those is non-negotiable. I'll let you in on the anticipated timeline for bringing clubs three and four under our belt and discuss why a W2 job can be a safety net worth holding onto. From the risks of raising staff pay to the importance of a well-planned due diligence, it's a candid reflection on the hurdles and triumphs of building a fitness dynasty. Get ready to be pumped up with business savvy and strategic insights!

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