The “Queen of Business” Leaves Shaan SPEECHLESS | My First Million

Intro

In this episode of the “My First Million” podcast, Sarah Moore, the “Queen of Business,” shares her incredible journey of buying a multi-million dollar business with no money, no experience, and a challenging background. She discusses the ups and downs of her entrepreneurial path and offers valuable insights into buying and growing a business. This episode is a must-listen for anyone interested in unconventional success stories and the world of entrepreneurship.

Main Takeaways

Overcoming Challenges and Buying a Business

• Sarah Moore bought a multi-million dollar business called eggcartons.com with all debt, no money, and no experience.
• Her life story is incredible, having come from absolutely nothing, having no parents, and being in and out of jail as a kid.
• She paid someone to take the SATs so she could get into college, hustled her way through college, and found a way to buy the business.
• The story of how she bought the business went viral, and Netflix and others reached out to her after the episode with Sean aired.
• Buying a business can be a better path than starting a business.
• Sarah Moore bought eggcartons.com out of college with no money down.
• Sarah’s story is interesting because of how she bought and grew the business.
• Sarah’s story is unique because she didn’t come from money and was a total beginner when she started in the business world.

Tips for Buying a Business

• Choosing freedom and pursuing entrepreneurship can lead to a more fulfilling life.
• Buying a business can be a good way to start entrepreneurship, but evaluating businesses can be difficult.
• Leveraging resources and connections, such as smart friends and databases, can be helpful in finding potential businesses to buy.
• Finding a business that is established and consistently profitable is key.
• Revenue is a useful metric to narrow down potential businesses, but self-reporting can be unreliable.
• Hiring interns and using a systematic approach can help sort through a large list of potential businesses.
• Corporate education may not prepare individuals for evaluating small businesses.

Sarah Moore’s Inspirational Journey

• Sarah’s journey involved buying a grungy business and becoming the CEO overnight without any money or experience.
• Sarah’s decision to pursue this path was inspired by a conversation about search funds during her first year of business school.
• Sarah didn’t want to be someone else’s “bitch” and decided to become an entrepreneur instead.
• Sam, a former neighbor, quit his six-figure job at a bank to join Sarah’s entrepreneurial journey.
• Banking and consulting can be brain drains that lead to a form of enslavement.
• People often count themselves out due to their background or lack of experience, but anyone can get on the right track at any time.
• The speaker’s unique background, including not taking the SATs, debunked the idea of needing a certain pedigree to succeed.
• The speaker had a difficult upbringing and made poor choices, but was able to turn their life around and become successful.

Summary

Overcoming Challenges and Buying a Business

Sarah Moore’s journey of buying a multi-million dollar business, eggcartons.com, is truly inspiring. Despite coming from a challenging background, she hustled her way through college and found a way to purchase the business with no money down. Her story went viral, attracting attention from Netflix and others. Sarah’s experience highlights the potential of buying a business as a path to entrepreneurship, especially for those who may not have the resources to start from scratch. Her unique background and lack of experience in the business world make her success even more remarkable.

Tips for Buying a Business

When it comes to buying a business, Sarah Moore shares valuable insights. She emphasizes the importance of evaluating established and consistently profitable businesses. Leveraging resources and connections, such as smart friends and databases, can help in finding potential businesses to buy. Sarah also highlights the challenges of evaluating small businesses and suggests hiring interns and using a systematic approach to sort through a large list of options. Corporate education may not adequately prepare individuals for this process, making practical experience and networking crucial.

Sarah Moore’s Inspirational Journey

Sarah Moore’s journey from a difficult upbringing to becoming an entrepreneur is a testament to the power of determination and self-belief. Inspired by a conversation about search funds during her first year of business school, Sarah decided to pursue a different path instead of becoming someone else’s “bitch.” She was joined by Sam, a former neighbor who quit his six-figure job to join her entrepreneurial journey. Sarah’s story challenges the notion that success requires a certain pedigree or background. Her unique experiences and the support of key individuals have shaped her into the successful businesswoman she is today.

Conclusion

Sarah Moore’s story of buying a multi-million dollar business with no money down and no experience is a remarkable example of what can be achieved through determination and resourcefulness. Her journey highlights the potential of buying a business as a path to entrepreneurship and the importance of evaluating businesses effectively. Sarah’s inspirational story serves as a reminder that anyone, regardless of their background or lack of experience, can succeed with the right mindset and opportunities. This episode is a must-listen for aspiring entrepreneurs and those seeking unconventional success stories.