Thomas Smale

7 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Apr 17, 2023 by Thomas Smale · across every show →

On the record as a speaker too: Thomas Smale's record, appearances and statements → this page counts the times other people say the name.

Everything said about Thomas Smale, oldest first

Apr 17, 2023 neutral

Assertion Contradicted

Smale: In 2010, no M&A firms or brokers serviced online businesses

“There was no M&A firms that did this. There were no business brokers. If you had a really big business, you couldn't call a big investment bank because they wouldn't return your phone call. So very much offered a service that no one else did, and really built …”

Thomas Smale Apr 17, 2023 ▶ 2:38 Zero to $1.1B from Flipping Websites

Apr 17, 2023 positive

Insight

Smale: Buyers Should Acquire Businesses Where Their Skills Complement the Founder

“Buy something where your skill set can add to it. You don't necessarily need to have the same skills as the founder. Ideally, you need to have slightly different skills.”

Thomas Smale Apr 17, 2023 ▶ 14:19 Zero to $1.1B from Flipping Websites

Apr 17, 2023 positive

Insight

Smale: Direct Email Outreach Is the Best Way to Source Business Acquisitions

“The best way to find potential deals is email people, reach out.”

Thomas Smale Apr 17, 2023 ▶ 7:07 Zero to $1.1B from Flipping Websites

Apr 17, 2023 neutral

Insight

Smale: Buying a $10,000 Business Does Not Require Professional M&A Advice

“If you're buying something for 10,000 dollars, you don't need to hire a firm like us. You don't need professional advice.”

Thomas Smale Apr 17, 2023 ▶ 7:51 Zero to $1.1B from Flipping Websites

Apr 17, 2023 positive

Insight

Smale: Investors back small repeatable track records over theoretical plans

“Investors are much more likely to work with people who can show a track record. Even if the track record is small, if you can show, Hey, look, look how many times I've turned. 10,000 dollars into 20,000.”

Thomas Smale Apr 17, 2023 ▶ 18:24 Zero to $1.1B from Flipping Websites

Apr 17, 2023 positive

Insight

Smale: Buying Existing Businesses Eliminates Product and Willingness-to-Pay Risks

“But the variable you're never worrying about is, will someone pay for it? Because it already has an audience, and does the product work? Because again, it's already got people paying for it.”

Thomas Smale Apr 17, 2023 ▶ 14:06 Zero to $1.1B from Flipping Websites

Apr 17, 2023

Disclosure

Smale: First website flip turned $100 into $500 on a credit card

“I think the first deal I ever did was I bought a website for a hundred dollars, got that to making a little bit of money every month, and then I sold it at the end of the month for more than I paid. So I think my first deal was something like a hundred dollars…”

Thomas Smale Apr 17, 2023 ▶ 1:23 Zero to $1.1B from Flipping Websites

Thomas Smale

Everything said about Thomas Smale, oldest first

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