Buying a residual income business takes some very intentional planning. If you missed the presentation by Greg Kells on that very snowy day December, you'll never know what you missed! Thanks to Greg, we had a lively discussion about what kinds of businesses a person (who wants to make residual income) is looking for. Greg told the story about helping one of his friends, a highly educated person who had a job, to acquire franchises one by one and create cash flow.
I found it fascinating as the group huddled around Greg and fired off question after question as he was happily serving us coffee in his office lunchroom and to listen very carefully to his many years of wisdom and stories full of lessons.
Greg handed out some literature on Sunbelt Business Brokers and information on the right terms and conditions to use when purchasing a business. So when I'm ready to buy a business, I'll be in touch again with Greg to discuss the many aspects of buying a residual income business.
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