Episode 94

Published on:

12th Jan 2024

James Richardson | the Business Buying Brit

In this episode of Passive Wealth Principles, join host Jake Harris as he delves into an engaging conversation with James Richardson, tracing his unique journey from the world of music to the intricacies of accounting. James, renowned for his expertise in restructuring and turnaround, shares his wealth of knowledge on the dynamics of business buying and the crucial differences between financial and strategic buyers.

Episode Highlights:

1. The Evolution from Music to Accounting:

  • James Richardson discusses his transition from music to the world of accounting and business buying.

2. Understanding Business Buying:

  • Insights into the distinction between financial buyers and strategic buyers.
  • The concept of platform companies in the business buying landscape.

3. Strategies and Advice for Business Buyers:

  • Emphasizing the importance of relationships and patience in business acquisitions.
  • The value of regular meetings and tracking leading indicators.

4. Structuring Deals and Financing Acquisitions:

  • James shares his personal experience with financing his first business acquisition.
  • Discussion on structuring deals and the significance of partnerships and networking.

5. The Power of Mindset and Time Investment:

  • Recommendation of 'The Go Giver' for a mindset shift towards abundance.
  • The value of investing in time, highlighted by Richardson's experience of hiring a nanny.

6. Engaging with James Richardson:

  • Invitation to connect on Instagram and participate in his live course on buying small businesses.

7. Gratitude and Impact:

  • Acknowledging Richardson's contribution and impact on the business community.

Key Takeaways:

  • Exercise patience and diligence in business deals.
  • Build and maintain strong relationships within the business community.
  • Importance of regular communication and tracking business health.
  • Explore various financing options and the significance of expert involvement.
  • Embrace a mindset of abundance and the importance of time investment.
  • Networking and community engagement as key to business success.

Stay Connected:

  • Follow James Richardson on Instagram for insights and updates.
  • Join his live course for practical guidance on buying small businesses.


Tune in to this enlightening episode of Passive Wealth Principles, where Jake Harris and James Richardson explore the journey from music to accounting, the nuances of business buying, and the profound impact of mindset and time management in achieving professional and personal success.

Show artwork for Passive Wealth Principles

About the Podcast

Passive Wealth Principles
Contrarian Investing for Cash Flow and Freedom
You are listening to the Passive Wealth Principles Podcast. Your host; Jake Harris is the founder of an award-winning real estate investment firm and actively investing in commercial real estate all over the country. This show allows you to tune into interviews, dive deeper and deconstruction many passive wealth principles not just from investing but tactics, strategies, and many fascinating ways in which people have achieved levels of passive wealth.

Through my nearly 20 year career as a professional investor, I have built an amazing network of people and come across some super-savvy investors that not only have a unique stance on the marketplace but look at the same problems we all face and many times have come up with a simple but unconventional approach to solving them.

So come be a fly on the wall. Enjoy the conversations and these amazing passive wealth principle lessons.

Learn more: https://www.catchknives.com/

About your host

Profile picture for Jake Harris

Jake Harris

A sought-after expert and gifted story teller with contagious energy, he inspires everyone around him with encyclopedic research. He can take complicated ideas and convey them simply and clearly for everyone to understand. As a founder and managing partner of an award-winning commercial real estate firm, he has authored a #1 bestselling book (CatchingKnives). He has been featured in many publications including The NY Times & Yahoo Finance, he is a frequent speaker, podcast guest, and a highly valued coach. He uses those superpowers to pioneer cutting-edge bold design into an exciting hotel, infill, and adaptive reuse projects across the country. To date has purchased and sold1200+ properties in23 states and amassed a commercial real estate portfolio of iconic properties. He earned a master's degree in International Real Estate, sits on the FIU real estate board, is an accreditedCongress of New Urbanism city builder, a member of CCIM, Urban Land Institute (ULI) and holds a CA real estate brokers license.