Business Broker King Podcast
He Bought Lord and Taylor, Saks 5th, Hudson Bay and Neiman Marcus
In this episode of the Business Broker King Podcast , Michael sits down with entrepreneur and real estate investor Richard Baker for a conversation about building businesses, acquiring companies, creative financing, and creating long-term wealth. Richard shares his entrepreneurial journey, from starting a catering business as a teenager to becoming involved in some of the biggest retail and real estate transactions in the country, including Lord & Taylor, Saks Fifth Avenue, Hudson’s Bay Company, and Zellers . He breaks down how he approaches billion-dollar deals, why entrepreneurs should learn to structure deals creatively, and how you can acquire businesses without necessarily needing massive amounts of capital. Richard also discusses the massive opportunity coming from the generational transfer of business ownership , as thousands of established companies will need new owners over the coming years. Plus, we talk about Baker House , his work helping entrepreneurs connect with investors, and why Richard believes the next generation has an incredible opportunity to build wealth through business ownership. If you're interested in entrepreneurship, business acquisitions, real estate, or building wealth, this is an episode you don't want to miss. #RichardBaker #BusinessBrokerKing #Entrepreneurship #BusinessAcquisition #RealEstate #WealthBuilding #BusinessOwner Michael Steinberg is an entrepreneur, dealmaker, and business acquisition strategist known as the “Business Broker King.” As the Founder and CEO of Hedgestone Business Advisors, he has built a national reputation for connecting buyers, sellers, investors, and operators through strategic business acquisitions and advisory services. Michael Steinberg specializes in helping entrepreneurs scale, exit, and acquire businesses across multiple industries, with a focus on deal structure, valuation strategy, and long-term wealth creation. Through his media presence, live events, mentorship programs, and podcast platforms, he has become a recognized voice in the growing conversation around the largest generational wealth transfer in history. Hedgestone Business Advisors is a business brokerage and advisory firm focused on mergers, acquisitions, business sales, growth strategy, and investor relations. The company works with business owners, buyers, and private investors to facilitate transactions ranging from small business acquisitions to larger strategic exits, while also developing educational platforms, investor networks, and high-level entrepreneurial events.
