43: Buying & Selling Businesses - JB Brown

JB Brown (M&A Investor/ Advisor) is a billion-dollar business titan that has driven many companies to unprecedented heights of success. His remarkable track record includes selling over a billion dollars in products and services, as well as brokering deals worth over $200 million in various businesses.

With a diverse portfolio and expertise across multiple industries, JB has emerged as a prominent industry thought leader and highly sought-after consultant. 

In this episode, he shares his story of realizing that money alone doesn't guarantee happiness. Despite achieving financial success in his career, he felt very unhappy and unsatisfied. This made him start a journey of self-discovery to find out what truly brings joy and fulfillment in life.

FOLLOW JB:
Facebook: https://www.facebook.com/yourbuddyjb
LinkedIn: https://www.linkedin.com/in/jb-jonathan-brown-0988107/
Instagram: https://www.instagram.com/realjbbrown/
Website: https://meetjb.com

TIMESTAMPS:
0:00 - Introduction
3:00 - JB's early entrepreneurial experiences 
8:00 - JB's experience in the fraternity and throwing profitable events 
14:00 - Working for Enterprise Rent-A-Car 
30:00 - The impact of COVID-19 on e-commerce + buying/selling businesses 
38:00 - Personal Struggles and Finding Hope 
43:00 - The importance of environment and mindset in business 
45:00 - The role of mergers and acquisitions in business growth 
48:00 - The personal side of selling a business / factors to consider
54:00 - The impact of selling a business on personal life and relationships 
57:00 - Maslow's hierarchy of needs and the relationship between money and happiness
1:04:23 - The importance of finding joy and fulfillment 
1:10:45 - Understanding your goals and values 
1:13:31 - The concept of opportunity cost 
1:19:16 - The mindset and characteristics of successful entrepreneurs 
1:23:19 - Having different circles of friends 
1:28:16 - Key metrics that investors look for in an exit 
1:37:19 - Tax Strategies when Selling a Business 
1:47:45 - Structure & Value of a GOOD Deal 
1:49:11 - Tax implications & potential gains of holding stock
1:53:20 - Fortune Cookie Advice 

FOLLOW 4MEDIA:
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Clips Channel: https://www.youtube.com/channel/UCNx7auVTseV865Mu1CZX0WQ
Website: https://4media.marketing/
Join Our Team: https://4media.marketing/jobs
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EDDIE
Instagram: https://instagram.com/eddiemaalouf
Twitter: https://twitter.com/imakegreatads
Marketing Course: https://www.brilliantmarketers.com/

ANDREW
Instagram: https://instagram.com/andrew_deitsch
Website: https://andrewdeitsch.com
YouTube: https://www.youtube.com/andrewdeitsch
Andrew’s Other Podcast: https://www.andrewdeitsch.com/podcast