Buying & Selling Businesses - JB Brown

Publicado 2023-08-02

JB Brown (M&A Investor/ Advisor) is a billion-dollar business titan that has driven many companies to unprecedented heights of success. His remarkable track record includes selling over a billion dollars in products and services, as well as brokering deals worth over $200 million in various businesses.

With a diverse portfolio and expertise across multiple industries, JB has emerged as a prominent industry thought leader and highly sought-after consultant.

In this episode, he shares his story of realizing that money alone doesn't guarantee happiness. Despite achieving financial success in his career, he felt very unhappy and unsatisfied. This made him start a journey of self-discovery to find out what truly brings joy and fulfillment in life.

FOLLOW JB:
Facebook: www.facebook.com/yourbuddyjb
LinkedIn: www.linkedin.com/in/jb-jonathan-brown-0988107/
Instagram: www.instagram.com/realjbbrown/
Website: meetjb.com/

TIMESTAMPS:
0:00 - Introduction
3:00 - JB's early entrepreneurial experiences
8:00 - JB's experience in the fraternity and throwing profitable events
14:00 - Working for Enterprise Rent-A-Car
30:00 - The impact of COVID-19 on e-commerce + buying/selling businesses
38:00 - Personal Struggles and Finding Hope
43:00 - The importance of environment and mindset in business
45:00 - The role of mergers and acquisitions in business growth
48:00 - The personal side of selling a business / factors to consider
54:00 - The impact of selling a business on personal life and relationships
57:00 - Maslow's hierarchy of needs and the relationship between money and happiness
1:04:23 - The importance of finding joy and fulfillment
1:10:45 - Understanding your goals and values
1:13:31 - The concept of opportunity cost
1:19:16 - The mindset and characteristics of successful entrepreneurs
1:23:19 - Having different circles of friends
1:28:16 - Key metrics that investors look for in an exit
1:37:19 - Tax Strategies when Selling a Business
1:47:45 - Structure & Value of a GOOD Deal
1:49:11 - Tax implications & potential gains of holding stock
1:53:20 - Fortune Cookie Advice

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