Uploaded October 2023 | Updated September 2026, 23 hours ago
Finding and purchasing a distressed business can be lucrative. Start by identify industries or sectors facing economic challenges. Next, locate distressed businesses that align with your expertise and goals. After thorough due diligence to secure the best deal you're ready to turn a struggling venture into a profitable opportunity.
Here's the link to the video I mention in this video:
How to Value a Small Business (Key Factors You Should Consider Before You Buy or Sell)
youtu.be/O6lvKq5eBmU
ABOUT LOU: Lou Reyes is the host of Over50tv. He is also a startup consultant and serial entrepreneur. Lou has spent his entire career building things, including a chain of business-to-business magazines, a weekly newspaper, two national trade show companies, a weekly radio show, and almost a dozen other businesses. Reyes is also the Director of Over50tv.com, and founder of the Over50tv and Side Hustle Rules YouTube channels.
Side Hustle Rules Patreon page: patreon.com/sidehustlerules
CHECK OUT Over50tv.com to get career, money, and lifestyle tips for people over 50.
FREE CAREER APTITUDE TEST:
careerfitter.com/free_test/careerbuilder?afid=1394
FREE IRRESISTIBLE COVER LETTER:
https://over50tv-sidehustlestarterkit.ck.page/ef1ddca571
LOOKING FOR SIDE WORK YOU CAN DO ANYTIME, FROM ANYWHERE?
Check out TaskVerse: taskverse.com/signup/?utm_source=youtube&utm_medium=50tv&utm_campaign=inf-yt-ad-50tv&utm_id=inf&utm_term=inf-youtube
TAILOR BRANDS HAS ALL THE TOOLS YOU NEED TO BUILD YOUR BUSINESS in one place, starting at $0. Check out TAILOR BRANDS here: tailorbrands.go2cloud.org/aff_c?offer_id=33&aff_id=6690
Over50tv is a participant in the CareerFitter and PrimeOpinion affiliate programs designed to provide a means for content creators like myself to earn a referral fee when you purchase a program I endorse. By the way, I only endorse programs I believe in.
If you enjoyed this video YOUR next steps are:
1.) SUBSCRIBE to our YouTube channel: youtube.com/over50tv
2.) CONNECT with Over50tv on Facebook: facebook.com/over50tv
3.) CONNECT with Over50tv on Twitter: twitter.com/over50tv
Category:
Education
References & Clips:
lendingtree.com/home/mortgage/older-homeowners-study
More Than 10 Million People 65 and Older Have a Mortgage — Here’s Where They Make up the Largest Share of Homeowners
money.usnews.com/money/retirement/articles/reasons-retirees-carry-debt#:~:text=Among%20retirees%2C%2071%25%20have%20debt,Changing%20market%20conditions.
9 Reasons Retirees Carry Debt
cnbc.com/select/average-net-worth-of-americans-ages-55-to-64
Here’s the average net worth of Americans ages 55 to 64
Finding and purchasing a distressed business can be lucrative. Start by identify industries or sectors facing economic challenges. Next, locate distressed businesses that align with your expertise and goals. After thorough due diligence to secure the best deal you're ready to turn a struggling venture into a profitable opportunity.
Here's the link to the video I mention in this video:
How to Value a Small Business (Key Factors You Should Consider Before You Buy or Sell)
youtu.be/O6lvKq5eBmU
ABOUT LOU: Lou Reyes is the host of Over50tv. He is also a startup consultant and serial entrepreneur. Lou has spent his entire career building things, including a chain of business-to-business magazines, a weekly newspaper, two national trade show companies, a weekly radio show, and almost a dozen other businesses. Reyes is also the Director of Over50tv.com, and founder of the Over50tv and Side Hustle Rules YouTube channels.
Side Hustle Rules Patreon page: patreon.com/sidehustlerules
CHECK OUT Over50tv.com to get career, money, and lifestyle tips for people over 50.
FREE CAREER APTITUDE TEST:
careerfitter.com/free_test/careerbuilder?afid=1394
FREE IRRESISTIBLE COVER LETTER:
https://over50tv-sidehustlestarterkit.ck.page/ef1ddca571
LOOKING FOR SIDE WORK YOU CAN DO ANYTIME, FROM ANYWHERE?
Check out TaskVerse: taskverse.com/signup/?utm_source=youtube&utm_medium=50tv&utm_campaign=inf-yt-ad-50tv&utm_id=inf&utm_term=inf-youtube
TAILOR BRANDS HAS ALL THE TOOLS YOU NEED TO BUILD YOUR BUSINESS in one place, starting at $0. Check out TAILOR BRANDS here: tailorbrands.go2cloud.org/aff_c?offer_id=33&aff_id=6690
Over50tv is a participant in the CareerFitter and PrimeOpinion affiliate programs designed to provide a means for content creators like myself to earn a referral fee when you purchase a program I endorse. By the way, I only endorse programs I believe in.
If you enjoyed this video YOUR next steps are:
1.) SUBSCRIBE to our YouTube channel: youtube.com/over50tv
2.) CONNECT with Over50tv on Facebook: facebook.com/over50tv
3.) CONNECT with Over50tv on Twitter: twitter.com/over50tv
Category:
Education
References & Clips:
lendingtree.com/home/mortgage/older-homeowners-study
More Than 10 Million People 65 and Older Have a Mortgage — Here’s Where They Make up the Largest Share of Homeowners
money.usnews.com/money/retirement/articles/reasons-retirees-carry-debt#:~:text=Among%20retirees%2C%2071%25%20have%20debt,Changing%20market%20conditions.
9 Reasons Retirees Carry Debt
cnbc.com/select/average-net-worth-of-americans-ages-55-to-64
Here’s the average net worth of Americans ages 55 to 64
