Episode

#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
Description
Sam (@thesamparr) and Shaan (@shaanvp) speak to Brent Beshore (@BrentBeshore) today about how he plans to invest $250M in cash-flow positive businesses, how much corona virus will impact the economy and explains why he'd only start non-tech businesses in today's climate. Brent is apart of Permanent Equity which has raised a total of $300M to deploy into businesses that actually make cold hard cash - their collection of companies made approx. $160M of it in the last year. Want to make your first million with your mobile app? You have to prioritize app performance first. And HeadSpin is here to help. With your custom HeadSpin benchmark report, get deep insights into app performance, from cold and warm starts, to errors, crashes, and response times, including audio and video quality and biometric responsiveness. Our state-of-the-art Global Device Cloud provides unique carrier network, device, OS, and app level insights, on real, SIM-enabled devices in hundreds of locations around the world. No SDK required. Get your custom HeadSpin benchmark report at headspin.io /myfirstmillion. Today's topics: Who is Brent Beshore? (4:04), What type of companies is he buying with quarter of a billion dollars stashed? (12:17), Military staffing lead gen is a defensible business (14:53), How to handle owners and managers post-acquisition (16:54), How much do owners of cashflowing businesses take home? (20:34), Why he won't touch debt with his businesses (24:10), How Brent grows the businesses they acquire (25:32), How do owners transition to the passenger seat? (30:36), Corona Virus predictions and impact on the economy (36:16) and what he'd do if he started his career again (51:03). See acast.com/privacy for privacy and opt-out information.
Chapters
Jordan Harbinger, a veteran in the podcasting industry with 13 years of experience, shares some tips on how to build a successful podcast.
00:00 - 01:08 (01:08)
Summary
Jordan Harbinger, a veteran in the podcasting industry with 13 years of experience, shares some tips on how to build a successful podcast.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The host talks about meeting Tony Hawk halfway up a mountain in Ethiopia, while also discussing his admiration for interviewees who don't shy away from tough questions or fluff.
01:08 - 07:14 (06:06)
Summary
The host talks about meeting Tony Hawk halfway up a mountain in Ethiopia, while also discussing his admiration for interviewees who don't shy away from tough questions or fluff.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The speaker describes the benefits of combining their company with Medi Cross and cross-selling different products, leading to more cash flow and fulfillment of gross profit.
07:14 - 11:09 (03:54)
Summary
The speaker describes the benefits of combining their company with Medi Cross and cross-selling different products, leading to more cash flow and fulfillment of gross profit. Additionally, the importance of holding onto a business for a longer period of time to build wealth is discussed.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
A private equity firm that invests in the tech industry without using debt as part of their transactions discusses their success with investors and the opportunities and challenges the industry faces.
11:09 - 15:25 (04:16)
Summary
A private equity firm that invests in the tech industry without using debt as part of their transactions discusses their success with investors and the opportunities and challenges the industry faces.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The focus is on building a strong local economy through small businesses that create true wealth rather than just businesses that make money.
15:26 - 21:26 (06:00)
Summary
The focus is on building a strong local economy through small businesses that create true wealth rather than just businesses that make money.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The speaker discusses typical valuation methods for private companies, including the cash at close plus earned out earnings.
21:26 - 24:56 (03:30)
Summary
The speaker discusses typical valuation methods for private companies, including the cash at close plus earned out earnings. They also mention common EBITDA numbers for business owners and an aerospace company they previously examined.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The guest talks about the pitfalls of trying to do everything yourself and how taking yourself out of the equation can result in more value.
24:56 - 31:26 (06:30)
Summary
The guest talks about the pitfalls of trying to do everything yourself and how taking yourself out of the equation can result in more value. They also discuss the difference between their philosophy and private equity firms' plans.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The speaker talks about the importance of having flexibility and optionality in business, as well as plans for handling potential pain and suffering.
31:26 - 39:32 (08:05)
Summary
The speaker talks about the importance of having flexibility and optionality in business, as well as plans for handling potential pain and suffering. They also touch upon the analogy of a blizzard, winter, and ice age to describe the current economic climate.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The COVID-19 pandemic is having a huge impact on various industries, including food service and construction, leading to massive layoffs and job losses.
39:32 - 43:56 (04:23)
Summary
The COVID-19 pandemic is having a huge impact on various industries, including food service and construction, leading to massive layoffs and job losses.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
Family businesses, known for their resilience, may need capital to navigate the impact of the pandemic and restart their operations.
43:56 - 48:09 (04:13)
Summary
Family businesses, known for their resilience, may need capital to navigate the impact of the pandemic and restart their operations.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The speaker shares personal experiences of being denied a COVID-19 test and adjusting their stock market investments while also discussing potential long-term economic damages.
48:09 - 51:35 (03:25)
Summary
The speaker shares personal experiences of being denied a COVID-19 test and adjusting their stock market investments while also discussing potential long-term economic damages. They also mention adjusting their monthly subscriptions to adapt to their changing lifestyle.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The speaker discusses his preference for difficult, scalable businesses that can use the latest technology to increase efficiency and be replicable.
51:35 - 55:54 (04:19)
Summary
The speaker discusses his preference for difficult, scalable businesses that can use the latest technology to increase efficiency and be replicable.
Episode#61 - How to Buy, Manage and Grow Cash-Flow Positive Businesses + Corona Virus Impact on the Economy
PodcastMy First Million
The importance of being accessible and available in order to build strong relationships, and how a rickety boat won't take you far.
55:55 - 57:32 (01:37)
Summary
The importance of being accessible and available in order to build strong relationships, and how a rickety boat won't take you far.