If you're going to sell your business at some point fire nation, you need to be doing these steps that carl is talking about. Don't start a company. Go and buy one that some one else has already built. And then the second biggest take away i would love everybody to really e body is you now buying a million dollar business rather than five or ten thousand dollars. It's psychological game. You know why buying a business isn't always about the numbers but there's a lot of psychology involvedWhy it makes sense. There's over two point four million businesses for sale in the united states to day, and only one in 13 is going to sell.
Carl is an entrepreneur, investor, and corporate deal-maker who has worked on transactions worth over $50 billion, which includes over 250 acquisitions and sales, together with more than 100 capital fundraising projects. He is one of the world’s premier experts on buying and financing small business acquisitions and coaches more than 1000 entrepreneurs all over the world to buy small businesses rather than starting new ones.
Top 3 Value Bombs:
1. It’s so much easier and so much quicker - and it’s far less riskier - to actually go and acquire a business that somebody else has built but no longer wants to own. You can buy or invest in that business using the business’s own resources.
2. The best way to find deals is networking.
3. As you are teaching or mentoring, you’re going to help refine what you do and get better every single day. Every single time you answer a question, you remove an obstacle and you identify a challenge, and it’s going to help you as you move forward.
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