Turning $500k into a $38m Holdco (No Investors)
Acquiring Minds
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Strategic Business Acquisition with SBA Loan
The chapter explores how the speaker utilized an SBA loan to purchase two distinct businesses, detailing the negotiation process, risk management strategies, and evaluating business opportunities based on brand equity, customer needs, and competitive landscape. They emphasize the importance of qualitative assessments, including ethical considerations and industry advantages, and share insights on determining business value, achieving return on investment, and the learning curve in finance. The speakers discuss the approach of utilizing leverage in investments while maintaining low debt levels for reduced risks and commitment to the acquired businesses and families.
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