Day: December 17, 2022

Business

Drastically Increase K.A.S.H. Flow with Financial Strategist Doug Andrew

by CEO Weekly Staff

December 17, 2022

When businesses worry about capital, they are apprehensive about money. Without money, companies cannot operate or be created. Likewise, the ...

Business

Ryan Niddel Throws His Weight Behind Buying a Business and Why the Best Time is Now

by CEO Weekly Staff

December 17, 2022

Entrepreneurship is one of the ways to shape the world. With many businesses and startups leading the charge in introducing ...

Entrepreneurship is one of the ways to shape the world. With many businesses and startups leading the charge in introducing innovations and other positive developments to the world, the world needs more entrepreneurs with different business ideas to rise to the occasion. However, the unstable global economy has made many entrepreneurs wary of the business space, but MIT45.com’s CEO Ryan Niddel thinks otherwise. A seasoned entrepreneur, Ryan Niddel has expressed his full support for entrepreneurs buying businesses and declared the best time to be now. As an expert in business, Ryan Niddel believes that buying a business is a good step for any entrepreneur. To support his theory, he believes that already established businesses are easier to take over than going through the hassle of starting from scratch. “There’s very little reason not to go buy a business or attempt to. To me, you may have questions on your mind, like if you could run the business or not. These are perfectly normal concerns, but I guarantee you that with what you know and what you’ve been through in your life, you could run a business, especially when it’s already established. You don’t have to figure out much. You just have to figure out how to make the wheels spin faster. Right? It’s not that big of a deal,” Ryan explained. Being an expert who has sold many businesses with plans to sell more in the coming years, Ryan Niddel encourages entrepreneurs to buy businesses and see every business as a sellable entity. He wants every entrepreneur to consider business transactions from the angle of exchanging something valuable. “It is simple to sell a business when you realize that you are selling something with value that another person can turn into something better. Once you understand the process and you find a trusted advisor to walk you through it, the process becomes simple. And if you get enamored with the process, it becomes replicable. As a 38-year-old man, I look forward to having 234 or more exits before I decide to stop working. This is different from the old mindset of working in my business for 30 or 40 years. Getting into and exiting businesses can give you a rich experience of multiple liquidity and capital gains events,” Ryan explained. Ryan Niddel’s theory stems from seeing many entrepreneurs not knowing what to do with their businesses and being oblivious to the fact that their businesses are sellable entities. He calls these entrepreneurs “accidental entrepreneurs” as they are often seen holding on to their businesses for decades but want to do something else and enjoy life. “These types of entrepreneurs never see their businesses as sellable entities. They have grown the business and are holding on to it because they don’t have anything else to do with it. They’re not selling them because they’re hard up for money. Their kids don’t want the business, and their husbands or wives just want them to relax. They probably want to spend some time with their grandchildren. They have no clue what to do with it, which is great for us because we can structure deals like the straight lease option, giving them some sort of power. Because if you default on the lease payment, they reclaim the business,” Ryan said. Buying businesses for Ryan Niddel is not a power play but rather a creating a rescue scheme for businesses that are mostly in existence for lack of what to do with them. He admonishes every entrepreneur to start looking for businesses they can buy and set up working strategies to make the most out of those businesses. It’s all a process. It’s a system that’s comparable with everything else, and understanding the systems makes it scalable. In a perfect world, we end up finding businesses, the baby boomers, and it’s a perfect world because they’re at the season of their life where they might be looking to transition,” Ryan said. Understanding the business sphere so much comes from Ryan’s years of experience running businesses. He has played significant roles in the acquisition or exit of over eleven companies, with a combined revenue of over $237 million. He’s a leading authority on improving companies’ revenue by improving EBITDA through increased operational efficiency and lean manufacturing principles, amongst other strategies. In the last two and a half years, Ryan has tripled the revenue of over five companies and increased their valuation by $950 million. He does not just offer business advice but instead passes along strategies he has tried and grown to trust over the years. And with his advocacy for more business acquisitions, he hopes to walk the talk with as many entrepreneurs as possible and take these businesses to the next level.

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