“I want you to take a percentage of your profits each month… 5%, 10%, 15%, whatever, and set that aside for business retained earnings”
DR
Dave Ramsey
The Ramsey Show ·
“If I can get this thing going at 5 million in revenue at 10% net profit, that's a pretty sweet life for me”
Jay Boren · Acquiring Minds · Buying a 1-Product Business, Building It to a Big Exit
Play from 2:00:57
2:00:57
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What was described
set a target acquisition criterion of a business generating about $5 million in revenue with ~10% net profit
$5 million revenue, 10% net profit
Said nearby on the same subject
“Business had closed out the year with about 4.5 million in revenue, about a 1.2 million in earnings ... 85% of our book is recurring ... churn is five to seven points a year”
♫
Said on Acquiring Minds
“A really successful small business that generates $4 million in sales a year, but is totally profitable, and the founders are walking away with a million dollars”
♫
Said on How I Built This with Guy Raz
“I bought a profitable free cash flow generating business…in a very narrow vertical…make your first sale profitable.”
TW
Tristan Walker
Equity ·
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