You Chose This
Claim This Podcastby McKenzie Reed, Christina Reed
Podcast Overview
<p>Join hosts Christina and McKenzie Reed as they guide you through the exhilarating journey of small business acquisition. Experience the highs, navigate the lows, and revel in all the fun moments along the way. Your backstage pass to the early days of entrepreneurship! </p>
Language
🇺🇲
Publishing Since
1/6/2024
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Recent Episodes
February 11, 2024
Episode 3 - All About That Money
<p>In this podcast episode, McKenzie and Christina detail their journey through the financial aspects of acquiring a business. Covering topics from initial financing, collateral calculations, down payments, deciding between loan options, managing risk and cash flow concerns to managing post-acquisition finances. They emphasize the need for thorough planning, the ability to adapt to changing situations, and a keen decision-making process. The hosts also shed light on their strategies for optimizing operations, such as introducing structured payment and review methods. They conclude by emphasizing the importance of balancing risk with potential rewards in business acquisitions.<br/><br/>00:00 Introduction to the Journey of Financing a Business Acquisition<br/>02:12 The Role of Personal Finances in Business Ownership<br/>10:25 The Impact of Interest Rates on Business Loans<br/>13:24 The Challenges of Meeting Collateral Requirements<br/>17:40 The Role of Personal Assets in Business Financing<br/>24:41 The Big Financial Decision: Investing in a Business<br/>34:55 The Aftermath: Recouping Investments and Future Plans<br/>39:24 Looking Ahead: Real Estate Considerations and Growth Projections<br/>44:53 Reflecting on the Journey and Lessons Learned</p>
February 5, 2024
Episode 2 - (Over)Due Diligence
<p>You Chose This: Episode 2 - (Over)Due Diligence<br/><br/>On the second episode of 'You Chose This', hosts Christina and McKenzie Reed go on a deep dive into the due diligence process they went through when purchasing their business. They recount the three-month-long process filled with mountains of paperwork, countless questions, and overwhelming sessions of thorough information review. By offering an honest account of their journey and concerns, they provide a glimpse into the complexities of structural issues and contract changes. The episode offers valuable insights to listeners about the essence of risk-taking, teamwork and problem-solving in the world of business acquisition, as well as the importance of being persistent and efficient in reaching your goals.<br/><br/>00:00 Introduction and Welcome<br/>00:21 Beginning of the Due Diligence Process<br/>00:42 Challenges and Realities of Due Diligence<br/>02:14 The Importance of Communication and Timeliness<br/>03:17 The Pre-Agreement Due Diligence Process<br/>05:21 The Asset Agreement and Its Implications<br/>25:35 The Site Visit and First Impressions<br/>29:24 Reflections on the Business<br/>34:17 The Financial Puzzle and Red Flags<br/>35:29 The Inventory Mystery and Business Valuation<br/>37:12 The Negotiation and Legal Hurdles<br/>40:25 The Final Decision and Closing the Deal<br/>45:02 The Aftermath and Reflections</p>
January 6, 2024
Episode 1 - Here Goes Nothing
<p><b>The inaugural episode of You Chose This podcast features hosts Christina and McKenzie Reed in a candid conversation about their journey to acquiring a small business. The discussion traces their motivations, from personal fulfillment to addressing sustainability in trades. It provides an overview of how their decision to acquire a business took shape, the challenges they faced in completing the acquisition, and their operation of the business. The hosts further talk about how the new venture has changed their lives and their vision for the future.</b></p><p><br/></p><p><b>00:00 Introduction and Hosts</b></p><p><b>01:14 Why We Started This Podcast</b></p><p><b>01:38 Our Journey to Acquiring a Small Business</b></p><p><b>05:13 Our Backgrounds and Roles in the Company</b></p><p><b>09:51 The Challenges of Working Together</b></p><p><b>21:36 The Decision to Move to Florida</b></p><p><b>25:28 The Search for a Business to Acquire</b></p><p><b>29:28 Starting the Investment Journey</b></p><p><b>29:42 Setting the Plan to Acquire a Business</b></p><p><b>32:01 The Decision to Invest in a Machinery Company</b></p><p><b>33:18 The Process of Acquiring the Business</b></p><p><b>37:05 The Stress of Balancing New Business and Personal Life</b></p><p><b>42:03 Reflections on the Journey and Future Goals</b></p><p><br/></p>
3 total episodes available
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- What is You Chose This?
<p>Join hosts Christina and McKenzie Reed as they guide you through the exhilarating journey of small business acquisition. Experience the highs, navigate the lows, and revel in all the fun moments along the way. Your backstage pass to the early days of entrepreneurship! </p> - How often does this podcast release new episodes?
This podcast updates inactive.
- Where can I listen to this podcast?
This podcast is available on 8 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
- Does this podcast accept guests?
No, this podcast does not typically feature guests.
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