7 COSTLY Mistakes To Avoid When Buying a Business

Here are the 7 mistakes to avoid when buying a business... can't said I didn't warn you Subscribe for more Smart Money Moves! Imagine owning a recession-resilient and cash flowing business that builds wealth while you sleep... but when you wake up the business is bankrupt. In this video, I’m breaking down the mistakes people make when investing and how to buy a business the right (diligent) way. Buying businesses like Car Washes, Laundromats, HVAC and even Self Storage are incredible, when done the right way. To be an entrepreneur through acquisition you have to follow a sound checklist to invest and stick to diligence. Finance creators like Codie Sanchez and Alex Hormozi are buying small businesses like crazy— but best believe they have teams helping them with legal, financial and other diligence streams. Let's get rich! Chapters: 0:00 7 Mistakes to Avoid When Buying a Business 1:08 Math 2:44 Leverage 5:06 Financials 6:56 Legals 8:15 Changes 9:30 Team 11:09 Emotions Bio: I’m an investor, entrepreneur, and former Wall Street private equity guy (Blackstone, KKR, Morgan Stanley) — and on this channel, I break down how wealth is actually built. Taking everything I learned on Wall Street and giving it to Main Street I take the complex stuff — finance, ownership, the way money moves — and make it simple, clear, and actionable. Free resources: 1. Budget Template: It's free and super easy to use http://www.kennyfinance.com/budgettracker 2. Newsletter: It's free and packed with insights on markets, tech and businesses https://tomorrowsfortune.beehiiv.com/subscribe I'm down to be friends so you can find me on these: Discord Access: DM me on IG (no bots allowed) Instagram: https://www.instagram.com/iamkennyfinance X: https://twitter.com/iamkennyfinance TikTok: https://www.tiktok.com/@iamkennyfinance Sponsorships: brands@kennyfinance.com Disclaimer: The content presented in this video is for informational purposes only and should not be construed as investment advice. Viewers should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. If you want formal financial advice... go read a Warren Buffett book