NEW Podcast

Going bankrupt on a small business.

February 26, 2025

I have had a lot of guests on the show to talk about buying a small business. From lenders, buyers, and investors- everyone seems to be saying, "Go buy a business! You will make a ton of money and can't go wrong!"

Well, today's guest is a story of what happens when it does go wrong.

Jed Morris is an Air Force veteran who bought a landscaping business and then quickly bought another. He did a lot of things right:

  • Worked inside business #1 for 6 months before making an offer

  • Built a great relationship with the owner

  • Made a good deal that made financial sense

But after a few months, the wheels started to come off and Jed ended up going bankrupt on the deal.

Despite this, he is still optimistic on buying small businesses.

His is a great story of resilience, grit, and how to think about risk.

Listen HERE.

Go crush it,

Mark

P.S. Did you know I have a Job Board now?