0023 - The Hard Truth About Buying Businesses: Cash Flow, Red Tape, and Doing the Work
Manage episode 521162019 series 3677484
In this episode, Tim talks with Jerry Brazie, an entrepreneur and investor who brings a pragmatic, no-nonsense lens to building and buying businesses. Jerry shares why he values fundamentals over hype, how he approaches risk and resilience, and what he's learned from both successes and setbacks. He also dives into why character matters more than spreadsheets, and the mindset shifts that can carry you through uncertain markets.
Tim is an entrepreneur who believes everyone should explore the opportunities that business and real estate can provide on the path to financial freedom. He owns and operates a wine & liquor store, a software startup, a consulting company, and a growing portfolio of commercial and residential real estate.
Tim's passion for independent business has led him to support dozens of other business owners. For over a decade, he has worked with businesses on strategy, processes, finances, and marketing. These experiences, along with analyzing dozens of other businesses for potential acquisition, have provided Tim with an immense knowledge base to pull from.
Tim has appeared on multiple top-tier podcasts in the financial space, such as Bigger Pockets Money and The Freedom Chasers Podcast.
[00:00 – 16:45] Fundamentals FirstJerry's early entrepreneurial journey. Why discipline beats hype when evaluating opportunities. Lessons from mistakes that built resilience.
[16:46 – 34:20] Risk, Recessions & ResilienceWhat Jerry looks for when assessing risk. Why tough markets are a test of character. The difference between numbers on paper and reality in practice.
[34:21 – 52:05] People Over SpreadsheetsWhy strong operators and relationships matter more than projections. Stories of deals that worked because of people, not just math. How to build trust in acquisitions.
[52:06 – End] Lasting Mindset ShiftsJerry's takeaways on building businesses that survive downturns. The importance of clarity, focus, and long-term thinking. Final advice for first-time buyers navigating uncertainty.
Guest BioJerry Brazie is an entrepreneur and investor known for his straightforward approach to business buying and building. With experience spanning multiple industries, Jerry focuses on fundamentals, resilience, and the people behind the numbers. His perspective challenges listeners to think beyond spreadsheets and pay attention to character and execution.
If you found value in today's show, make sure to subscribe so you never miss an episode packed with insights to help you buy and grow a business that creates real financial freedom.
Connect with Jerry Brazie:
Instagram: instagram.com/jerrybrazie
Website: thekronosgroup.org
Connect with Tim and the community on social media for more tips and updates:
Website: https://www.powerofbiz.comYouTube: https://www.youtube.com/@powerofbiz Instagram: https://www.instagram.com/timtdelaney/ Threads: https://www.threads.com/@timtdelaney LinkedIn: https://www.linkedin.com/in/timothytdelaney/ Facebook: https://www.facebook.com/timtdelaney
Tweetable Quotes"If your entire plan only works in good times, then it's not really a plan." – Jerry Brazie "Numbers matter, but the people behind the numbers matter more." – Jerry Brazie "Every market shift exposes who was swimming naked." – Jerry Brazie
24 episodes