The Fundid Podcast

Stefanie Sample

The Fundid podcast is where we dive into the details of how businesses really start, grow and operate.  We’ll hear from experts that can guide us to smart business decisions on finance, marketing, managing people, and everything in between.

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Exploring the Untapped Potential of Buying Small Businesses with Baton CEO, Chat
05-09-2023
Exploring the Untapped Potential of Buying Small Businesses with Baton CEO, Chat
Imagine a world where you could skip the startup phase and dive straight into running an established small business. Sounds exciting, right? On today's episode, we're thrilled to have Chat, co-founder and CEO of Baton, a platform that has been heralded as the Zillow for small businesses. Chat enlightens us on the untapped potential of buying an existing small business compared to starting from scratch.Can you guess what the first step to buying a business is? It's as simple as identifying what you're passionate about. Once that's out of the way, we navigate the maze of financing. With insights from Chat, we unravel the complexities of different financing options including SBA loans, investor funding, and 401k rollovers. Our goal throughout this conversation is to empower you with the knowledge to make informed decisions about your financing options.But how do you evaluate a business you're considering? Our discussion with Chat explores the critical factors to scrutinize during acquisition. We underline the importance of consistency, durability, cash flow, and the retention of key employees. Join us as we also delve into the Baton's role in streamlining the process of buying a business. By the end of this conversation, you'll have a clearer understanding of the process and timeline of buying a business and how Baton can facilitate your entrepreneurial journey. So, whether you're already in business or contemplating diving in, this episode promises to be informative and enlightening!