Mike Feinman of Texas Business Brokers: Mastering the Art of Buying & Selling Businesses
Mike Feinman, Managing Partner at Texas Business Brokers, joins the Clicks & Bricks Podcast to break down what it really takes to minimize risk when buying or selling a business. With decades of hands-on leadership experience across the restaurant, fitness, and jewelry industries, Mike has helped countless entrepreneurs navigate complex deals—and build businesses that last.
This Episode's Highlights
- Buying an existing business reduces risk compared to starting from scratch—if you do your homework.
- Understand whether a business is truly absentee-owned or still dependent on the seller’s day-to-day involvement.
- Asset purchases are safer than buying a company’s entire legal entity (LLC), reducing liability risks.
- The seller's involvement post-sale should be limited to transition and training, not daily operations.
- Never underestimate the value of a strong attorney and clear personal guarantees to protect your investment.
Catch the full conversation and hear more of Mike’s tips on managing business acquisitions the smart way. Watch now on YouTube: https://www.youtube.com/watch?v=t7SfcGkBIjA
Memorable Quote:
You never buy a business high—you always want to buy a business with opportunity.