If there's no book of business, a if there's not assets that come with the company that you don't have to buy elsewhere, start your own company. The idea is that you won't make a profit for three, four, o r five years, depending on how muchthatyou bought the company for. So in order to make profit and eat, you've got to only want to buy a company that you have the chance to double or triple its value because now they're making just as much money as before.
What would you do if your boss gave you the opportunity to buy the company? It's a huge decision, and hard to know where to even begin evaluating if it's a good investment for you. Today's episode will give you the key questions to ask and things to look out for so you enter negotiations confident and prepared.
In today's coaching conversation, Donald Miller talks with Ray Martindale, a video producer who was recently offered the option to buy the company where he works. But having never owned a company, Ray wants to be positive he's making the right decision.
If you've ever been offered to buy a company you didn't start or are even thinking about starting your own company, today's episode will set you up for success.
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