Niche Pursuits Podcast: Find Your Next "Niche" Business Idea! cover image

Greg Elfrink's Tips On Buying & Selling Websites: Including 7 Figure Businesses

Niche Pursuits Podcast: Find Your Next "Niche" Business Idea!

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Is It Better to Buy a Bigger Business Than a Smaller Business?

Chancellor: So you are almost recommending a diversified approach in acquisition. You gave that example of taking 600 K and dividing up into 200, 200, 200. Would you say to kind of buy that first business and then wait a while for you to make the mistakes and then start moving forward or kind of go at it at the same time? Chance: It depends on your risk, like what your like risk tolerance is, right? If you have a high risk tolerance, you could do that.

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