Connect with me here. www.linkedin.com/in/rcmiller1?
@a.abdullokh
7 ай бұрын
As a new immigrant in the US, I am really amazed the way how people are open to share their experience and give access to knowledge for the upcoming entrepreneurs, love it!
@MakingBillionswithRyanMiller
7 ай бұрын
Happy to help in any way that I can.
@JimmyDean-vr1vm
3 ай бұрын
Welcome to the USA 🇺🇸
@JeffreyPierson-r7e
Ай бұрын
This is absolute Gold. I've been following various gurus in the "purchasing existing businesses" realm for quite a while and none of them have laid it out as clearly as Adam
@MakingBillionswithRyanMiller
Ай бұрын
lol. Thanks Jeff. Yes. Adam is a legend.
@itskrox-johnochuro
7 ай бұрын
I recently just read The Private Equity Playbook so this podcast was very valuable.
@MakingBillionswithRyanMiller
7 ай бұрын
Thank you. What part of the show stood out the most for you?
@tonyjackson8413
3 ай бұрын
This is video is as good as a graduate level education in mergers and acquisitions from an Ivy League school, and it’s free!!!You just got a new subscriber my friend.
@MakingBillionswithRyanMiller
3 ай бұрын
The pleasures all mine. Thank YOU for the follow. What part stood out to you the most?
@dominiccolosimo7800
2 ай бұрын
@makingbillionswithryanmiller When he says “Dime on a dollar” does that mean the businesses net bottom line is 10% at the end of the day or does that mean they make 10% for every dollar they spend? Or is that the same thing
@MakingBillionswithRyanMiller
2 ай бұрын
@@dominiccolosimo7800he’s talking about the take home profit after expenses. Minimum needs to have 10% or it’s not profitable enough to make sense. Does that help my friend?
@dominiccolosimo7800
2 ай бұрын
@@MakingBillionswithRyanMiller yes! That’s what I was thinking but wanted to confirm. This video really inspired me. Have meetings setup with a few business owners this week and hoping to listen to more content like this from people who’ve had success building businesses 🙌
@MakingBillionswithRyanMiller
2 ай бұрын
@@dominiccolosimo7800I’m so happy you’ve been inspired. Thank YOU for the subscribe. Feel free to share this with anyone you think would benefit as well. 😊
@moonpie3080
7 ай бұрын
Phew! Adam really started cooking at 34:40. Great guest and thank you to the host for allowing your guest to really speak!!
@MakingBillionswithRyanMiller
7 ай бұрын
You’re welcome. He’s amazing. Anything in particular stand out to you from the show?
@moonpie3080
7 ай бұрын
@@MakingBillionswithRyanMiller yes I left a time stamp in my original comment of what stood out to me in the show.
@snorttroll4379
7 ай бұрын
U need aubrey de grey on
@MakingBillionswithRyanMiller
7 ай бұрын
Who’s that? Why do you think they’d be a good guest?
@johnmate4260
6 ай бұрын
NO FIXER-UPPERS!!! That is where I thought the deals were… MASTERFUL advice! ❤️🔥
@RobertSzabo545
7 ай бұрын
It is absolutely priceless getting #Adamcoffey s 2024 & 2025 market outlook. Great Interview
@MakingBillionswithRyanMiller
7 ай бұрын
Yes. Adam possesses some of the best private equity knowledge. It’s an honor to get him to present to all of our community. Turns out he’s a longtime fan.
@stephenwilliams6810
3 ай бұрын
If I could push back just a little bit. I want interest rates to go down but It feels like just saying “the market will just keep going up. It will never go down” lower interest rates would incentivize borrowing which will drive the asset prices and valuations even higher. In pest control alone valuations have been slowing and they are still crazy at multiples of 5x business. Which from what I’ve learned is really high. Why would you ever buy at the top of the market? Just let it crash and buy in. Otherwise you’ll find your self owning a company you over paid for and now can only sell at a multiple of 2x or less.
@MakingBillionswithRyanMiller
3 ай бұрын
Yes. That’s a view many contrarian investors take. Can be a solid strategy. I believe that we make money when we buy, not when we sell. Entry points matter. Great insights man!
@stephenwilliams6810
3 ай бұрын
@@MakingBillionswithRyanMiller hey that’s the thing about the market. If no one buys at the top you can’t cash out your unrealized gains! Unrealized gains can become unrealized losses! Just ask all the banks that survived 2007-2008!
@MakingBillionswithRyanMiller
3 ай бұрын
@@stephenwilliams6810 lol. I love this. Great perspective brother. Someone needs to buy at the top right? I’d say this unites the timeless perspective of smart money vs dumb money perhaps? What do you think?
@georgekrax
7 ай бұрын
Very insightful! Adam Coffey was a great guest 🙌
@MakingBillionswithRyanMiller
7 ай бұрын
Thank you. Adam is phenomenal
@MakingBillionswithRyanMiller
7 ай бұрын
Adam Coffey is a legend for Alternative Assets and Private Equity
WOW..WOW...WOW What an AMAZING Interview! Great work Ryan
@MakingBillionswithRyanMiller
7 ай бұрын
All the wow goes to you my brother. Thank you for subscribing. Feel free to share if you think it will help anyone. Hoping to help the everyday human to get their money right. What part stood out to you my friend?
@KingUnique888
7 ай бұрын
What a great speaker and a wealth of knowledge on this podcast, have to love YT algorithm for recommending this for me, what a great time to be alive.
@MakingBillionswithRyanMiller
7 ай бұрын
Agreed. My hope is to bring all the knowledge and energy to help people see a brighter future
@Jessebowyer
7 ай бұрын
10minutes in I LOVE THIS guy ! His mind is a laser beam 🔥🔥 Bought all his books I feel like i want to hear whatever the heck he has to share!
@MakingBillionswithRyanMiller
7 ай бұрын
Yeah Adam is incredible. And he’s a fan of the show! What part stood out to you?
@itzbeatz1018
7 ай бұрын
As a recent grad in math/computer science these videos are always a pleasure to see. I realize that this early decade is the perfect time for me to learn and absorb as much I can. Can’t thank you enough for making this content and posting it to KZitem. I’d absolutely love to learn from you by working for you for free. If you have anything you’d like me to do I’d love to learn.
@MakingBillionswithRyanMiller
7 ай бұрын
Ok. Follow me on IG (@makingbillionspodcast) and DM me your resume.
@itzbeatz1018
7 ай бұрын
@@MakingBillionswithRyanMiller Thanks for the prompt reply. I’ve followed you and DMed you as requested.
@MakingBillionswithRyanMiller
7 ай бұрын
Ok. Sent it off. If there is any interest, someone will reach out.
@jeremylawson6648
7 ай бұрын
Dang i’m turning 35 this year, been building my print operation for going on 5 years and i’d say 90% of my net worth is tied up in this thing i’m building. That puts me at 125/130. Not a full-blown stop sign but i’m definitely running in the red. I’m under contract for my second acquisition for growth & im gonna read this guys books. Thanks for the info.
@MakingBillionswithRyanMiller
7 ай бұрын
lol. I remember him telling me this and thinking, I guarantee most people listing to this part will be calculating this in their head
@jeremylawson6648
7 ай бұрын
@@MakingBillionswithRyanMiller it’s unavoidable, great metric tho as long as you don’t treat it as the bible.
@MakingBillionswithRyanMiller
6 ай бұрын
Yes. Totally agree. I can tell you’ve got a great mind for business.
@RenegadeRanga
6 ай бұрын
The one thing that resonates with me is Adam emphasising a similar view to warren buffet. Sometimes, things can actually be very simple. If it is simple, then you can understand it. If you understand it, you can succeed.
@MakingBillionswithRyanMiller
6 ай бұрын
Yes. If it doesn’t make sense, it doesn’t make cents.
@maverickb2c
5 ай бұрын
This is a master class…!!!! Thanks for sharing your knowledge
@MakingBillionswithRyanMiller
5 ай бұрын
It’s my pleasure. And thank YOU for your support and for subscribing. What stood out to you the most?
@Rin-ithoshi
3 ай бұрын
adam has such a refreshing character i love it
@MakingBillionswithRyanMiller
3 ай бұрын
lol. Love Adam. What part stood out to you the most?
@YBM_Africa
17 күн бұрын
Thank you very much sir for this wonderful video. Whenever you feel like giving up, please remember that you're inspiring a soul and changing a life.
@MakingBillionswithRyanMiller
17 күн бұрын
Thank you. That’s all I want from this show. To help people get their shot. You got this. Thank you for your positive energy.
@laurents9700
5 ай бұрын
This episode is filled with golden nuggets! Major KUDOS!!!!!
@MakingBillionswithRyanMiller
5 ай бұрын
Thank you. What part stood out to you the most?
@laurents9700
5 ай бұрын
@@MakingBillionswithRyanMiller Its all amazing! ahaha As AcquiEntrepreneur, the reminder to focus on recurrent revenues VS projet based.
@MakingBillionswithRyanMiller
5 ай бұрын
Well thank you for subscribing. What’s an AquiEntrepreneur?
@sirblackshield8000
3 ай бұрын
Wow perfect timing i am actually doing my first 2 construction deals for mergers and acquisitions and this interview has helped me massively im super excited im from london uk but to be honest I know there is a lot more deals in the USA and also Europe exciting times thank you Ryan for this incredible video
@MakingBillionswithRyanMiller
3 ай бұрын
Thank YOU for the follow. What part stood out to you the most?
@MakingBillionswithRyanMiller
2 ай бұрын
@@sirblackshield8000 thank you. Let’s connect here www.linkedin.com/in/rcmiller1?
@d3vi0uz1
26 күн бұрын
35:08 great advice. The hard parts are finding a business owner who is willing to pledge his EBITDA toward the larger parent company vs selling his business in a "cash out" scenario. Youd have to convince him to stick around for 5 years until the parent company sells. The other hard part is getting the loan. It isn't so much "I don't have money" but rather "I don't have money *and* I don't have good enough credit to get a loan". If you habe great credit, then this works.
@MakingBillionswithRyanMiller
26 күн бұрын
Thank you for your analysis. Definitely a few moving parts here.
@the.firefighter.realtor
2 ай бұрын
I didn't expect to get that type of knowledge from this podcast... wow
@MakingBillionswithRyanMiller
2 ай бұрын
Im glad you like it. Adam is amazing! What part stood out to you the most?
@the.firefighter.realtor
2 ай бұрын
@@MakingBillionswithRyanMiller really just the attitude towards buying a company. love the perspective
@MakingBillionswithRyanMiller
2 ай бұрын
@@the.firefighter.realtor I love that. Let’s connect here www.linkedin.com/in/rcmiller1?
@Joeswing77
Ай бұрын
Good Advice, nice informative podcast. Much Gratitude
@MakingBillionswithRyanMiller
Ай бұрын
Of course. And thank YOU for the subscribe. What part stood out to you the most?
@davidporterrealestate
2 ай бұрын
I like your color coordinated books
@MakingBillionswithRyanMiller
2 ай бұрын
Hahaha. Thanks man.
@jamesmarshall7513
Ай бұрын
Great guest. Learnt a bunch that was useful and I'm not in PE
@MakingBillionswithRyanMiller
Ай бұрын
Fantastic! What stood out to you the most?
@theofficial8Figures
7 ай бұрын
I love this guy😍 so much knowledge
@MakingBillionswithRyanMiller
7 ай бұрын
Yes. Adam is phenomenal!?! That’s going to be you one day!
@johnmate4260
6 ай бұрын
Thank you Ryan, i stumbled on this video and your channel, and I Am humbled and grateful for the generosity. It means a lot to me. I Am taking action. I felt the lack of capital was my problem, now, I HAVE NO EXCUSE!!!
@MakingBillionswithRyanMiller
6 ай бұрын
That makes me so happy to hear. You got this. Any idea what type of company you’re looking to acquire?
@MakingBillionswithRyanMiller
5 ай бұрын
We have a course on how to raise capital. Lmk if you’re looking to master the art. Without capital, none of this gets moving. With capital, you can have more options than you know what to do with.
@johnsantamaria3179
6 ай бұрын
Best information I’ve heard in awhile and no sales pitch!! Thank you 🙏
@MakingBillionswithRyanMiller
6 ай бұрын
Wow. Thank you. What stood out to you on this episode?
@tradeforcharity
7 ай бұрын
this dude dropped some gems 30/20/10
@MakingBillionswithRyanMiller
7 ай бұрын
Agreed. Adam has a ton of wisdom for explaining private equity and private equity funds. Feel free to share with anyone you think this would help.
@RonaldRyanj
7 ай бұрын
What a treasure, thank you guys for bringing this to us! Incredible knowledge.
@MakingBillionswithRyanMiller
7 ай бұрын
Absolutely. It’s a labor of love. What stood out to you the most?
@jahnotdead
17 күн бұрын
Can’t believe this is free.
@MakingBillionswithRyanMiller
17 күн бұрын
Yes 💯. Thank YOU for the subscribe. Fee free to share it with anyone you think the will help
@trading-university.
7 ай бұрын
Quality interview! thanks for this.
@MakingBillionswithRyanMiller
7 ай бұрын
You’re welcome. The entire show interviews epic fund managers and entrepreneurs. Dove in brother. Let me know what you like or other guest you want me to bring on.
@anthonyrussell4888
7 ай бұрын
This is a great interview. I wish Adam would've addressed how to deal with business brokers and their demands for "proof of funds".
@MakingBillionswithRyanMiller
7 ай бұрын
lol. Excellent point. Perhaps a large investor as a partner may help you there. Just a thought. How have you managed to deal with that?
@anthonyrussell4888
7 ай бұрын
@MakingBillionswithRyanMiller No attempts at deals, as of yet. I'm still in the skill acquisition phase.:) However, Adam responded to my LinkedIn question about the same and said avoid brokers. Period. He sent a very reasoned and thought-out response to my inquiry. I look forward to his books and mentorship. I also look forward to consuming more of your content. Thanks, Ryan!:)
@wapitgood
7 ай бұрын
He didnt say specifically but the key said between the lines is buying businesses that are not for sale using Hoovers.
@wapitgood
7 ай бұрын
I'm on my 3rd listen in a row. Fabulous interview. Tons of nuggets and inspiring too.
@MakingBillionswithRyanMiller
7 ай бұрын
Thank you. So happy you liked it. There’s a mountain of content to help you. Feel free to share it with anyone that is wise like you and wants to be Making Billions.
@JilianToree
Ай бұрын
So glad your books are color coordinated, now I can focus on the video 🙏🏾
@MakingBillionswithRyanMiller
Ай бұрын
lol. Doesn’t it make you happy? I love it when function meets beauty don’t you?
@MakingBillionswithRyanMiller
Ай бұрын
We also have a master class on raising capital with mentorship. Hit me up on LinkedIn for more information. Link to the profile is pined at the top of you’re serious.
@ThatGuy_Nick
7 ай бұрын
So many gems. Thank you 👍🏾
@MakingBillionswithRyanMiller
7 ай бұрын
You are so very welcome my man. What parts stood out to you the most?
@Darsy369
28 күн бұрын
Just stumbled across this channel. Glad I decided to check it out, this was fire! 🔥
@MakingBillionswithRyanMiller
28 күн бұрын
Awesome. So happy to have you here. Thank YOU for the Subscribe! What part stood out to you the most?
@benzmichaelplantas5739
29 күн бұрын
TNX I love the topic
@MakingBillionswithRyanMiller
29 күн бұрын
You’re welcome. That YOU for the subscribe. What are part stood out to you the most?
@marianduty1
6 ай бұрын
I love this knowledge thisbis new for me. I would like to be entreprenour. I am trying to start a business Nd I thought that we need lot of money to own a busisness. AND a lot of people online talk about to buy but Where we can go online to buy a business anybody know?
@MakingBillionswithRyanMiller
6 ай бұрын
You can try bizbuysell.com. I’ve not used them yet so I can’t promise anything. But sites like that can help
@DannyVega-DanielHall4Freedom
7 ай бұрын
Still I subscribed. I like a lot of this.
@MakingBillionswithRyanMiller
7 ай бұрын
That’s awesome. Thank you. Happy to help bring on the best money managers in the business for you. I sincerely appreciate all the love my brother. Feel free to share it with anyone you think this could help
@janelast5177
6 ай бұрын
Thanks a lot Lots of useful insights
@MakingBillionswithRyanMiller
6 ай бұрын
Yes. You’re welcome. What stood out to you the most?
@JacquelineIvy
28 күн бұрын
Получается у тебя конечно круто! выкладывай побольше видосов со сравнениями сайтов) это мои любимые)))
@MakingBillionswithRyanMiller
28 күн бұрын
Perfect. Thank YOU for the subscribe. Which parts did you like the most?
@moorecable
21 күн бұрын
Great content. Wish he would speak about monetization and streams of cash flow to break even. After break even then monetization with leverage before going broke.
@MakingBillionswithRyanMiller
21 күн бұрын
You should reach out to him. He’s quite response. Also, he’s coming back for a second interview. You’re the first to know.
@packet.zach88
7 ай бұрын
Decent information. Thanks for the video.
@MakingBillionswithRyanMiller
7 ай бұрын
Absolutely. What stood out to you the most?
@johnyousif3178
7 ай бұрын
Appreciate this information...
@MakingBillionswithRyanMiller
7 ай бұрын
You’re welcome. What stood out to you the most?
@galactyx1
Ай бұрын
Outstanding. Thanks for sharing 👍
@MakingBillionswithRyanMiller
Ай бұрын
You’re welcome. Thank YOU for the subscribe. What part stood out to you the most?
@galactyx1
Ай бұрын
@@MakingBillionswithRyanMiller Well-structured questions & well-considered responses. Densely-packed with quality material & no fluff!
@MakingBillionswithRyanMiller
Ай бұрын
@@galactyx1thank you. I’m so happy you liked our time together. Feel free to share it with anyone you think this can help
@Gratefully-
11 күн бұрын
Now I have to find a way to make $5M
@MakingBillionswithRyanMiller
11 күн бұрын
Keep following the show. That’s a good start.
@thegrantkennedy
5 ай бұрын
Great episode. Glad to see a fellow Michigander. Btw, Mackinac Island, Michigan is a lovely little corner of the world (Adam's sweater).
@MakingBillionswithRyanMiller
5 ай бұрын
I’ve head that about Mackinac. Glad you enjoyed the show. We also have a course on how to raise capital from investors. Lmk if you’re looking to master the art
@Helix_Nova
4 күн бұрын
The future is selling governance tokens. That means that you isolate the capital from any value of the company.
@MakingBillionswithRyanMiller
4 күн бұрын
Are you referring to crypto?
@Helix_Nova
4 күн бұрын
@@MakingBillionswithRyanMiller Yes. People can buy G Token, instead of VC
@mamotivated
7 ай бұрын
Solid podcast Adam. Would be interesting to hear you guys opinions on selling machine learning companies
@MakingBillionswithRyanMiller
7 ай бұрын
What do you want to know?
@MakingBillionswithRyanMiller
7 ай бұрын
As in, specifically, what did you want to know about selling your ML company?
@mamotivated
7 ай бұрын
There are lots of things that need to be put in place for a company to be ready for a sale. How does that change with an ml software company
@MakingBillionswithRyanMiller
7 ай бұрын
Just an opinion here but I’d say investors want to know how viable the company they are about to buy will be in the future. Prove to them that the best (revenue) is yet to come. Other attributes (reasons they buy you) are also strategic positions. Perhaps you produce something they want to achieve an objective. Principle is the same, prove how you align. Nothing too specific for ml as business is all about revenue, expenses, assets, liabilities… and of course…. Cash Flow.
@mamotivated
7 ай бұрын
@@MakingBillionswithRyanMiller thanks for sharing your perspective. Keep up the great work with the pod.
@JK-pb3gv
7 ай бұрын
Why tf are you
@MakingBillionswithRyanMiller
7 ай бұрын
lol. Thank you. You’re incredible.
@Prollosoph
7 ай бұрын
+1 I remember when i saw Alex Hormozis early content I could not believe so few knew him. I think quality contet gets discovered over time and the yt-algo does the rest.... enjoyed the conversation great guest thx for sharing mate
@MakingBillionswithRyanMiller
7 ай бұрын
@@Prollosophwow. Thank you. It’s a labour of love. Feel free to share with anyone you think my channel could help.
@r.wallace9683
6 ай бұрын
This Information is Cheat Code...
@MakingBillionswithRyanMiller
6 ай бұрын
Thank you. What part stood out to you the most?
@r.wallace9683
6 ай бұрын
@@MakingBillionswithRyanMiller How including an equity partner as the foundation, and using the funds of the equity partner to finance the SBA, which time could finance 50% of the initial consideration of target acquisition. That combined with transferred wealth, and no money down strategies.
@MakingBillionswithRyanMiller
6 ай бұрын
Yeah. One of my favorite strategies that he outlined. Good catch. Now the question is: when will you be using this intel to bless your life?
@gtr784
6 ай бұрын
10/10 Podcast. tysm
@MakingBillionswithRyanMiller
6 ай бұрын
Thank you. What did you like the most?
@gtr784
6 ай бұрын
I like the concept of rollover. i'll probably be using this in my current acqui also. @@MakingBillionswithRyanMiller
@MakingBillionswithRyanMiller
6 ай бұрын
Awesome. What acquisitions do you like to do?
@lonelomessi
7 ай бұрын
How do you only have 2k subs, insane value bought the book straight away.👏🏾👏🏾
@MakingBillionswithRyanMiller
7 ай бұрын
lol. Thank you. Feel free to share with anyone you think I could help. I Appreciate the follow my friend.
@workingharder412
6 ай бұрын
I have the first 2 almost there
@MakingBillionswithRyanMiller
6 ай бұрын
You can do it!
@legacyrydeshare3478
7 ай бұрын
Is this content in any form related or similar to the teachings of Dan Peña? I’m definitely recalling some talking points learned from attending Grant Cardone’s 10X seminar in Tempe Arizona. Probably best I add these three books to my reading list immediately.
@MakingBillionswithRyanMiller
7 ай бұрын
Yes. 💯. Adam is a legend.
@snorttroll4379
7 ай бұрын
Go into more detail on the rolling over the equity, do the 30 percent shares get transferred to a new (not ur main) holdco, then u go to the bank and say u wanna borrow 75 ltv on the whole business and here is 30 percent equity for the loan? Do you not meet the problem that 30 percent of the cash flow is gone or owned by the holdco?
@snorttroll4379
7 ай бұрын
And does this work for property as well?
@MakingBillionswithRyanMiller
7 ай бұрын
Good question. I’m not a real estate investor, nor is any of this financial advice. I’d say the seller finance model in real estate may be similar. Could be a good place for you to explore
@shaukah9173
2 ай бұрын
Hi ryan, excellent podcast. I hope all his Strategies are mentioned in his books ? + please do inform if there are Courses / Classes to begin in pravate equity ? Wharton has one costing 5k 😢 ? Many thanks
@MakingBillionswithRyanMiller
2 ай бұрын
Great question. DM me on LinkedIn for this. www.linkedin.com/in/rcmiller1?
@shaukah9173
2 ай бұрын
@@MakingBillionswithRyanMiller Hi Ryan, I joined you on Linked in thru mu Company Account . Many Thanks
@MakingBillionswithRyanMiller
Ай бұрын
Perfect. We have a course on raising capital. Ask me about it over there
@TheMahiWorldOfficial
7 ай бұрын
I am trying too do some math if anyone can help. Founder A owns 30% of holdco(5m valuation). Founder B also owns 15% of holdco(10m valuation). Founder C owns 10% of15m. Founder D owns 7.5% of 20m. Founder E owns 6% of 25m. Adam owns 31.5% of 25m while he has huge debt on his name. Is this correct understanding?
@MakingBillionswithRyanMiller
7 ай бұрын
I love, love, love this equation. Love that you’re really digging in and trying to understand. You’re incredible. I haven’t done the math on your description but relatively speaking yes. There is a declining ownership structure for each new owner that joins newco. However, the valuation of the newco continues to grow so essentially there is a smaller piece issued of a bigger and bigger pie. So while the % seems to shrink, the value of the whole pie grows. Hope that makes sense. Effectively the owner goes from owning a whole grape to half a watermelon. 🍉. Either that or all this talk of grapes, watermelons, and Pie must mean I’m hungry. 😆
@wesallstar9273
7 ай бұрын
Half a watermelon is bigger than a whole grape I'll take that!
@MakingBillionswithRyanMiller
5 ай бұрын
We also have a course on how to raise capital if you’re looking to master the art. Let me know if I can help you in any way.
@MakingBillionswithRyanMiller
5 ай бұрын
We also have a course on how to raise capital if you’re looking to master the art. Let me know if I can help you in any way.
@brixx815
4 ай бұрын
Do I need an LLC or credit to do this I want to be an investor using creative financing but don't want to own or start a business?
@MakingBillionswithRyanMiller
4 ай бұрын
Not legal or financial advice. Just an opinion. Always check with professionals before doing or not doing anything from this show. For the LLC, That’s a solid question for your lawyer. They would advise you on the best corporate structure. For credit. Yeah probably. That would help with traditional lenders like banks. There’s also private debt lenders (funds) and government grants to explore.
@realsemig
Ай бұрын
Great video! I don't understand the 30% rollover part though. He is saying that he needs that 30% equity to service the debt. But if you just get the 100% debt and buy the company, you get the full equity and thus the full profit of that company which you can now use to pay the interest and service the debt. So why the rollover?
@MakingBillionswithRyanMiller
Ай бұрын
Equity is the down payment to secure the debt. It wouldn’t pay for it. Then with the equity in hand, he gets the loan and the cashflow for the company pays the debt. Think of it like buying a rental apartment. The down payment gets you the loan and then the collected cash (rent) covers the costs. Does that help?
@realsemig
Ай бұрын
@@MakingBillionswithRyanMiller Thank you for your response. But the 30% equity is owned by the entrepreneur that is selling the business. Then how can that be used as a down payment to get a loan?
@MakingBillionswithRyanMiller
Ай бұрын
@@realsemig it’s rolled over into the new company. Then new company uses it for the down payment for the loan.
@likes-yv3lj
6 ай бұрын
10:00 how to buy a business
@MakingBillionswithRyanMiller
6 ай бұрын
Thank you for the tag. My question for you is, when are you going to start?
@Joseph-Russell-Egan
6 ай бұрын
You can get more than one SBA loan but you can’t exceed the borrowing limit of $5MM in total across all SBA loans being written, what’s the plan on that?
@MakingBillionswithRyanMiller
6 ай бұрын
Then you could possibly seek private credit or private equity.
@Robert-jv6pm
5 ай бұрын
Thanks,I 'm looking.
@MakingBillionswithRyanMiller
5 ай бұрын
We also have a course on how to raise capital if you’re looking to master the art. Let me know if I can help you in any way.
@MakingBillionswithRyanMiller
5 ай бұрын
We also have a course on how to raise capital if you’re looking to master the art. Let me know if I can help you in any way.
@Blueridgemt1776
2 ай бұрын
But how do you find the other investor to invest on a business opportunity that I have found
@MakingBillionswithRyanMiller
Ай бұрын
There are business market places out there. I’ve seen some people like BizBuySell. Be sure to do your own research with professional lawyers and accountants before making (or not making) any investments as this show doesn’t provide financial advice.
@angelaromeroluce
6 ай бұрын
🔥🔥🔥🔥
@MakingBillionswithRyanMiller
6 ай бұрын
Thank you. What part(s) stood out to you the most? Thanks for the subscribe
@lmaostrnoob
7 ай бұрын
What does Adam think is the bare minimum amount of capital you would need to get into private equity? Obviously you have to get a loan especially if you don’t have millions but how probable is it the bank approved a loan with no money?
@MakingBillionswithRyanMiller
7 ай бұрын
Good question. Sounds like he’s suggesting you can structure it properly with no money. I’d read his books to be sure. Lots to go though with this guy.
@lmaostrnoob
7 ай бұрын
@@MakingBillionswithRyanMiller Thanks, definitely is an interesting industry. I’ll have to research more. As he said why create a business when you can buy one 😀
@MakingBillionswithRyanMiller
5 ай бұрын
We also have a course on how to raise capital if you’re looking to master the art. Let me know if I can help you in any way.
@Papillonuk
23 күн бұрын
@09:51
@MakingBillionswithRyanMiller
23 күн бұрын
Thank you
@boyheemskerk4711
7 ай бұрын
Hahaha: Hey entrepreneur you don't want to be majority shareholder, roll-over your stock in my empty holding company where I'm majority owner. Great salesman and very creative with the deal structure. Lot's to learn
@MakingBillionswithRyanMiller
7 ай бұрын
Yes. And they get paid 2x as a result. Once when the funding goes through and the second when the newco exits.
@MakingBillionswithRyanMiller
7 ай бұрын
No white paper on this; however, what Adam is suggesting is they get paid for their 70% of the original company when the first round of funding goes through and get paid on their 30% when you exit the new company in 5 years (at a substantially larger valuation). Plus the original owner is engaged with their knowledge and energy into newco since they too are an equity holder. Everyone wins.
@cmusify
6 ай бұрын
@@MakingBillionswithRyanMiller Regarding the 30% rollover, What does this usually translate to in terms of % of the new company? How is this calculated? Great content btw. Frameworks or rules are simple and easy to remember. Helps for quick calculations/approximations.
@MakingBillionswithRyanMiller
6 ай бұрын
Thank you. I believe it was mentioned that each new partner that comes on has less and less of a percentage simply because the newco valuation increases after each acquisition. So the first guy took the biggest shot so they get the greatest percentage of newco.
@chrisvogel7686
7 ай бұрын
Does Adam have any info on building and selling an independent Insurance company?! That would be helpful
@MakingBillionswithRyanMiller
7 ай бұрын
Perhaps. I’d reach out to his organization and see what they have for you.
@JoelSalazarM
17 күн бұрын
Is that how the offices of billionaires look like?
@MakingBillionswithRyanMiller
17 күн бұрын
Billionaire, author, teacher, change agent, could be the office of anyone really.
@rameshhansaravendra
2 ай бұрын
@20:00
@MakingBillionswithRyanMiller
2 ай бұрын
Thank you. What about this part did you like?
@ubrtkthhhhhh
Ай бұрын
at 33:00 min, is he referring to Seller financing?
@MakingBillionswithRyanMiller
29 күн бұрын
Basically yes.
@ubrtkthhhhhh
29 күн бұрын
@@MakingBillionswithRyanMiller Thanks, but why would a seller do it?
@MakingBillionswithRyanMiller
29 күн бұрын
Lots of reasons. Retirement is the most common reason.
@ubrtkthhhhhh
28 күн бұрын
@@MakingBillionswithRyanMiller Yes but why would the just not sell the company and get 100 % of the asking price? Why would they loan you money that they would pay back to you?
@MakingBillionswithRyanMiller
28 күн бұрын
good question. Some are incentivized to receive cash flow on a bigger pie. They get some now with a greater take home at the end of the deal. So if they want cash now then that could be fine but a strategy here is to see if they’re open to take cash flow over a period of time with interest as well as an equity position in a larger firm giving them a piece of the other firms that come on board after them as well. So the incentive would be more money over time vs less money now.
@AKGuerilla
25 күн бұрын
SBA only allows 5 million total loan across businesses. How does this guy get a SBA loan for his 2nd, 3rd...nth business acquisition?
@MakingBillionswithRyanMiller
24 күн бұрын
Great question. I say ask him but if that’s not possible and I were there, I would look for equity and/or other additional lenders for private deals like this. What do you think?
@AKGuerilla
24 күн бұрын
@@MakingBillionswithRyanMiller I think funding the first $5 million with SBA is a good idea, and using conventional banks and or capital from PE limited partners for subsequent acquisitions might work. I'm guessing that's what he did?
@MakingBillionswithRyanMiller
24 күн бұрын
@@AKGuerillaThese are examples based on real transactions so I can’t say for sure but yes, working with a traditional PE or debt firm is one way. Banks may be more of a challenge.
@MakingBillionswithRyanMiller
24 күн бұрын
@@AKGuerillayou can add me on LinkedIn as well. www.linkedin.com/in/rcmiller1?
@ariyacobi8748
7 ай бұрын
If seller is keeping 30% equity they will be personally guaranteeing SBA loan - not sure why a seller would be interested in doing so! Most seller I have encountered won’t.
@MakingBillionswithRyanMiller
7 ай бұрын
Yeah. Great insight my man. Adam is suggesting that the incentive is to get paid 2x. Once from the acquisition (70% of current value that they are selling today) and a second time of the 30% of newco (which will be valued much, much higher after a few more acquisitions. Is that what you heard?
@ariyacobi8748
7 ай бұрын
@@MakingBillionswithRyanMiller thank you for the reply! Huge fan of your podcast!
@MakingBillionswithRyanMiller
7 ай бұрын
You’re amazing. Feel free to share it with anyone you think I could help. Nothing but love on this channel.
@bacool
2 ай бұрын
I’m going to be attending a T12 MBA US program soon and hope to emulate this longer term.
@MakingBillionswithRyanMiller
2 ай бұрын
You will. Then come on the show and tell everyone how they can do it too! Living is giving!
@dbcoopr678
Ай бұрын
Bro made a banger of a video so good he got the NPCs in the comments scared 😹
@MakingBillionswithRyanMiller
Ай бұрын
Hahaha. The bot crusher.
@MakingBillionswithRyanMiller
Ай бұрын
Thanks for the subscription
@dickieblench5001
7 ай бұрын
When you roll 30% worth 1.5M how do you know what %tage of the topco to give to the seller?
@MakingBillionswithRyanMiller
7 ай бұрын
Typically based off the valuation or newco
@dickieblench5001
7 ай бұрын
@@MakingBillionswithRyanMiller I guess you would need to base the %tage on the projected future enterprise value of newco and make it worthwhile for the seller to roll his equity.
@MakingBillionswithRyanMiller
7 ай бұрын
@@dickieblench5001exactly. You got this!
@SidusHoldingCompany
7 ай бұрын
@@MakingBillionswithRyanMiller Thank you @dickieblench5001 for this post. This is exactly what I've been looking for. Thank You! I will also be purchasing Adams's books. Which one is the best starter?
@MakingBillionswithRyanMiller
7 ай бұрын
Personally. I would start with the private equity playbook.
@smartmoneymindset3052
4 ай бұрын
It sounds interesting but can this work?
@MakingBillionswithRyanMiller
4 ай бұрын
100%.
@Papillonuk
23 күн бұрын
@28:24
@jessieflores1111
6 ай бұрын
WOW
@MakingBillionswithRyanMiller
6 ай бұрын
Thank you. What stood out to you the most?
@iycrra75
Ай бұрын
Is it too late to jump on PE as a 54 yr old guy?
@MakingBillionswithRyanMiller
Ай бұрын
Not at all my man. The main skill is to learn how to raise capital. With that skill in hand, you go out and do whatever deals you want.
@SirMegaManNeoX
2 ай бұрын
You people are the reason the world's burning, why we lost malls, why Toy's R Us no longer exists... You better be scared, I'm not the only one who's lost everything thanks to you.
@MakingBillionswithRyanMiller
2 ай бұрын
Yeah that’s a perspective many feel for sure. Can you unpack that a bit?
@SirMegaManNeoX
2 ай бұрын
@@MakingBillionswithRyanMiller Private Equity is based off the mafia's "pay us for protection" system without actually giving anything in return. It squeezes money out of whatever uses it by "promising" better returns. Money doesn't magically come out of thin air. It is controlled by people who want more, and they don't like sharing. It's why getting a job is so stupidly impossible nowadays. "Must have bachelor degree for entry level job" Yeah, like I DON'T realize you're marking me upper management at minimum wage.
@MakingBillionswithRyanMiller
9 күн бұрын
Oh man. Thats so frustrating. I remember that feeling of needing an insane amount of qualifications for entry level data entry. It’s a bizarre time. I hope this show helps people to believe that they can create a good life for themselves and more importantly do it in a way that genuinely improves the lives of people they interact with. I really appreciate you letting your voice be heard.
@MarkPineLife
7 ай бұрын
Pick up the phone and start dialing.
@MakingBillionswithRyanMiller
6 ай бұрын
Smile and dial!?! Love it
@AnnaMeredith-e1m
7 ай бұрын
This may be a silly question Who operates all the businesses? I'm 1 guy; how can I run 5, 10, or 20 7-fig businesses? Thanks
@MakingBillionswithRyanMiller
7 ай бұрын
Love this question. You hire a ceo. If I was in this situation, I’d incentivize the current CEO of existing companies to do what’s called an “earn out” where they have to stay on but can earn bonuses for their last few years if they hit milestones. One of them is to groom their successor. Otherwise, they continue to run that company.
@AnnaMeredith-e1m
7 ай бұрын
@MakingBillionswithRyanMiller Thank you. Total noob, but I feel this strategy must have fatal flaws. Maybe I'll check out PE Playbook
@MakingBillionswithRyanMiller
7 ай бұрын
Good call. Earners are learners. I would love for you to share with everyone your findings after you read it.
@smartmoneymindset3052
4 ай бұрын
Who will buy your 10 companies for inflated value of 12 times?
@MakingBillionswithRyanMiller
4 ай бұрын
Great question! Typically in this type of scenario, you can exit (sell) by taking it public or by selling to a large company or private equity fund.
@humboldttennisclub7651
7 ай бұрын
😂😂😂 did anyone else catch that? “Personally guarantee”? If you have no money you need assets to cover the loan… huge hole in this plan.
@MakingBillionswithRyanMiller
7 ай бұрын
Would the 30% be the asset used for collateral on the loan for newco?
@MakingBillionswithRyanMiller
7 ай бұрын
Glad you called this one forward.
@PlunderAchiever
2 ай бұрын
Step 1: have money
@MakingBillionswithRyanMiller
2 ай бұрын
lol. It certainly helps. However, Adam did propose a strategy where you can begin building without capital. Very interesting strategy that he proposes. Also, thank YOU for the subscribe.
@brentfarvors192
Ай бұрын
Step #2. Leave any ethics or morals at the door. Remember, they aren't real people with families; They are simply peasants you cruise past on your 80' yacht!!!
@amikagahbo2487
6 күн бұрын
Step 1: don't have your mindset
@MakingBillionswithRyanMiller
5 күн бұрын
@brentfarvors192 Hmmm, can you help me understand how giving an entrepreneur a cash out for their business they are selling is NOT helpful? 38% of businesses fail due to lack of financing (investors). The average small business owner makes about $50k per year. An investor says hey man, I’ll buy/invest in your company but I want you to take some now and even more later. I know you’re making $50k, how about $5M. Would that help you retire and spend time with your kids? Better yet, let’s give you $4M now and $3M more in a few years. Not sure I’m seeing the harm you’re claiming.
@JilianToree
Ай бұрын
Watched a 2nd time to be sure I wasn’t tripping. So basically he’s saying sweat equity your way into ownership then use the SBA or loans to leverage the cash flow into your next deal. lol good luck with that. The SBA is useless so you had better find some rich friends who’ll help you learn how to do this the right way for free or you’ll be broke in no time. & expect this to be an 8-10yr min process. @42:30 “let’s say I buy 10 companies…” 😂😂😂 who tf with no money is buying ONE company, let alone 10?! Bro I appreciate the effort in doing the interview but here’s some feedback: find guests who are willing to teach finance 101 & maybe we’ll leave with some practical advice to move forward. Unless your audience is accredited investors or family offices, then ignore me & do your thing.
@MakingBillionswithRyanMiller
Ай бұрын
I won’t ignore you. I appreciate anyone looking to level up. Audience is anyone looking to do private deals and learn the concepts. Lots of family offices, emerging fund managers and of course folks looking to get started.
@SWIFTBOY-WORLD
7 ай бұрын
Who wants to start an offshore business with me?😅
@MakingBillionswithRyanMiller
7 ай бұрын
😳
@wtf2203
4 ай бұрын
The genius of "capitalism".
@MakingBillionswithRyanMiller
4 ай бұрын
Not sure I follow? Care to expand on that?
@diamondgeezertunes
3 ай бұрын
What the humble Adam Coffey needs to have a few of his books subtly placed around ( as if it was natural ) .. Surprised he hasn't got a bottle of snake oil on the mantle piece too !!!.. Tacky !!
@MakingBillionswithRyanMiller
3 ай бұрын
Interesting
@AndreKosinski-yx7rg
Ай бұрын
8:30
@MakingBillionswithRyanMiller
Ай бұрын
🔥
@OzzieBird
Ай бұрын
Did you say minimum to be in is five million? I'd think those with that resource level would find this video kind of 101...
@MakingBillionswithRyanMiller
Ай бұрын
Perhaps. Thanks for the feedback.
@treybryant947
Ай бұрын
Good video but I would like to actually hear from someone who bought a business with " no money " sounds far fetched.
@MakingBillionswithRyanMiller
Ай бұрын
Good point. I believe he has those people in his mastermind. Definitely worth checking out further.
@brentfarvors192
Ай бұрын
Basically, you "sell" the idea to perspective investors, and they front the %9. You add the other %1, and borrow as much as possible from the bank (Which, is then transferred to the companies books, and not your own)... This is why it is "risk free", and also why it should be outlawed.. Any loans taken on business ventures should require personal capital collateral.. This way, of the business fails, you go broke before the company does...
@MakingBillionswithRyanMiller
Ай бұрын
@@brentfarvors192 you buy their company and roll part of their company’s equity into a new company to offer them a larger incentive in the future to work together and get them a premium in their business they worked to build and exit from.
@brentfarvors192
Ай бұрын
@@MakingBillionswithRyanMiller How exactly is reinventing your profits into a new company going to incentivise someone else into working harder??? What's in it for them? Instead of one company that shafts them, your idea is to create another one??? No. The only way to increase company loyalty is with steady growth of wages, benefits, and payed time off.
@MakingBillionswithRyanMiller
Ай бұрын
@@brentfarvors192 it’s for founders that want to sell their business. Adam offers one methodology to structure a purchase for a business that someone wants to sell to another owner.
@lucyleary4356
7 ай бұрын
✍ ✍ ✍ He's about to teach you and me😉
@MakingBillionswithRyanMiller
7 ай бұрын
Yes. So much wisdom from Adam. What part stood out to you the most?
@stevenpotter5183
2 ай бұрын
Private Equity firms should be regulated to a much higher degree. They do not provide value to the American economy, It’s Wall Street versus main street.
@MakingBillionswithRyanMiller
2 ай бұрын
Yeah. This is a very hot subject for sure. Can you unpack your perspective any further?
@rokyericksonroks
Ай бұрын
Just call them what they are : leveraged buyout specialists. The LBOs got themselves a bad reputation in the 1980s but are reborn in the 21st Century as “private equity”. That means somebody else (the seller) is holding some portion of the equity.
@MakingBillionswithRyanMiller
Ай бұрын
@@rokyericksonroks that’s right. Great work
@JoeAcosta
Ай бұрын
usa will crumble similiar to roman empire. thats when ill get out of bed & start buying
@MakingBillionswithRyanMiller
Ай бұрын
lol. Be fearful when others are greedy. Be greedy when others are fearful.
@DONXTV333
7 ай бұрын
Can you break it doewn to a 3rd grader next video
@MakingBillionswithRyanMiller
7 ай бұрын
I will try.
@snorttroll4379
6 ай бұрын
too much jargon. dumb it down
@MakingBillionswithRyanMiller
6 ай бұрын
That’s great feedback. Was there anything I can help clarify?
@snorttroll4379
6 ай бұрын
yes please. The rolling equity stuff. I think I got it by watching it again, but what it means is that the seller trades his equity for the equity in the holding company and then you retain some of the holdig company equity , the seller trusting that you will find the other businesses and add those as well and then sell the combined entities for a higher multiple. . @@MakingBillionswithRyanMiller
@MakingBillionswithRyanMiller
5 ай бұрын
Yes. You got it. Some of this can certainly get a bit technical. You’re getting it. We also have a course on how to raise capital if you’re looking to master the art. Lmk.
@prabshah
Ай бұрын
The cheap aesthetic of the AI thumbnails is at odds with the 'Making Billions' brand promise. This mismatch is likely to deter potential viewers and diminish the brand's credibility
@MakingBillionswithRyanMiller
Ай бұрын
Thanks for the feedback. I’ll send it to the team. I appreciate you.
@belindacarter6872
7 ай бұрын
The LAST thing you dudes are is philosophers! complete self aggrandizing drivel
@MakingBillionswithRyanMiller
7 ай бұрын
Interesting. Sorry you feel that way. If you have some feedback on how to make it a great show to help people, I certainly welcome it.
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