Zero to $1.1B from Flipping Websites

📚 Make Your First $1 (10x Faster) with Case Studies - https://www.starterstory.com/?utm_source=youtube&utm_campaign=thomas&yts=true 📩 Business Ideas Newsletter (free) - https://www.starterstory.com/newsletter/?utm_source=youtube&utm_campaign=thomas In this episode I talked to Thomas Smale in his New York City Office to get his story and some advice on how to buy and sell businesses. He's done over $1B dollars in sales without even knowing how to develop a website, and he shares his advice on how to flip businesses, how to negotiate, and how he would start again if he had $0 dollars. This is a perfect episode for anyone who is hesitant on starting a business, and would rather buy one and build it from there. 0:00 - Intro 0:49 - Getting into M&A 2:50 - Self-taught website flipper 4:17 - How he started an M&A firm 5:40 - Using the Pareto Principle to make more money 6:36 - How to buy a business 8:02 - How to spot good businesses 9:46 - Selling a $10M+ business 10:41 - How he got the 8-figure deal 11:23 - How much profit he makes per deal 11:56 - How to value a business 12:56 - Buying a business VS starting one 14:26 - How to negotiate 16:33 - How to buy a business from scratch 🔎 Find Thomas 🐦 Twitter - https://twitter.com/ThomasSmale 💼 Website - https://feinternational.com SUBSCRIBE for weekly videos: https://www.youtube.com/ @starterstory SOCIALS 📸 Instagram - https://www.instagram.com/starter_story 🐦 Twitter - https://twitter.com/thepatwalls