with JC Maldonado
Over the years as entrepreneurship has become more of a fad, conversations and resources on starting businesses are readily available, but it can be harder to find valuable information on selling and buying a business. On this episode of Quit Getting Screwed, JC Maldonado, a business acquisition expert with BizGroPartners, joins our host Karalynn Cromeens to chat about building wealth through acquisitions. The two dive deep into this hot topic, so tune in for a great listen.
JC started out thinking he would go to law school to learn about the legal side of business, but decided he wanted in on the opportunity to start one himself. His family background never consisted of business ownership, so he was especially interested in testing it out when he learned he could make money by helping others raise capital to buy businesses or even sell their business. He and his brother became partners and have expanded their business acquisition services on a national level. With the forever-changing market, BizGroPartners has had to recreate its business model to adjust to changes in the economy.
As it relates to building wealth, acquiring a construction business can be very profitable to achieve this. JC gives some insight into what the cash flow could look like over the years once better business plans and operational components are implemented. Once the business has transitioned into a fully functioning organization, it can be sold to public companies or private equity groups that will spend a pretty penny on a well-performing business. With JC’s experience in the business acquisition industry, he can guide listeners on what steps they can take to make their business assets appreciate in value.
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JC has mastered the process of acquisitions and lays it all out for inquiring minds. Finding the funds to buy a business can seem like an impossible hurdle to jump over, but JC’s very detailed advice makes it sound like a breeze. When it comes to selling a construction business, it can be a scary thing when you feel you are giving control of your business to someone else, but JC explains how this does not have to be the case. Through various business acquisition models, owners can see the transition of their business and even stay on board if they wish to do so.
Knowing the options of buying or selling a business is a key factor in accelerating the growth of your business and maximizing its value. This episode is loaded with all the essential information you need to better understand the business acquisition process. If you are interested in taking steps to start this process, visit JC’s website to schedule a consultation. You can also connect with him on LinkedIn. For more from Karalynn, follow The Cromeens Law Firm on Facebook, LinkedIn, or Instagram. You can also purchase the book that started it all, Quit Getting Screwed, on Amazon.
This article is intended as a general educational overview of the subject matter and is not intended to be a comprehensive survey of recent jurisprudence, nor a substitute for legal advice for a specific legal matter. If you have a legal issue, please consult an attorney.