In this episode of the iSearch podcast, Benjamin Lim (iSearch) discussed with Wayne Yap on buying a boring business and making it profitable, where Wayne bought a boring business and turned $2,500 to $380,000 a Month!

The areas of discussion include:

1:17 - Wayne’s definition of a ‘boring business’

1:54 - Examples of ‘boring business’

2:40 - Key considerations before Wayne buys over ‘boring businesses’

3:43 - Strategy on buying over ‘boring businesses’

4:31 - The process of buying over a business

7:27 - Having relevant experience before acquiring a company

8:56 - Document requirements to conduct due diligence

9:58 - How Wayne approaches potential sellers

11:01 - Wayne’s due criteria for buying businesses

15:18 - Changes made and lessons learnt from Wayne’s successful business

17:41 - Wayne’s thought process before acquiring a beauty business

19:33 - Wayne’s strategy to go from $2,500 to $380,000 per month

22:19 - Wayne’s current portfolio of businesses

24:17 - Evaluating the price of a business for acquisition

26:08 - Marketplace to find businesses for sale

27:14 - Engaging a consultant for inexperienced buyers

28:11 - Hiring a lawyer for the acquisition process

29:45 - Wayne’s current personal projects

Check out Wayne Yap here:

https://www.wayneyap.com/

#boringbusiness #businessmalaysia #businessgrowth #businesstips #businessstrategy #businessacquisition #entrepreneur #entrepreneurmalaysia #startupmalaysia