Buying a Business to Escape the Middle Class
Jordan Novgrod sold his house, tapped his 401k, and went all-in to buy an $800k SDE business he found on BizBuySell.
Topics in Jordan's interview:
Finding a great business on BizBuySell
Blogging the search process
Key rule of thumb on SDE
Importance of buyer-seller chemistry
Machine shop businesses - pros & cons
Transferring key relationships post-sale
Day 1 speech
How Jordan built rapport with his new employees
Links & how to reach Jordan:
Rich Dad Poor Dad
Sweaty Startup
Search Investment Group (SIG)
Jordan's substack: Small Business Acquisition
@JordanNovgrod
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The skinny
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