Erika Taught Me

99% of Business Owners Make This Mistake

May 7, 2024

Entrepreneur Erika Kullberg discusses the benefits of buying an existing business over starting one from scratch. Topics include choosing profitable businesses, advantages of purchasing established businesses, and essential steps for buying and growing a business. Learn simple strategies for building wealth and enhancing business success!

47:39

Episode guests

Erika Kullberg

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Quick takeaways

Buying an existing business aligns with skill sets, maximizing success and profitability.

Focus on simple, profitable businesses with clear cash flow for financial viability.

Experience in buying and running businesses offers valuable lessons for future acquisitions.

Deep dives

Owning Your Unfair Advantage in Business

Identifying and utilizing your unique skills to excel in entrepreneurship is crucial. By aligning what you know how to do with the business you want to buy, you can maximize success. Businesses with proven profitability, simplicity, and operators can set the foundation for future acquisitions.

Efficiency, Vending Machines, and Challenging Business Sectors

05:11

Exploring Autonomy in Work, Investing, and Online Security

04:23

Strategic Business Focus and Revenue Generation Techniques

02:00

Introduction

4min

Acquiring Established Businesses for Growth

12min

Efficiency, Vending Machines, and Challenging Business Sectors

5min

Optimizing Operator Recruitment Strategies for Business Success

3min

Exploring Autonomy in Work, Investing, and Online Security

4min

Exploring Business Options and Profitability

2min

Strategic Business Focus and Revenue Generation Techniques

2min

Strategies for Talent Acquisition and Business Growth

16min

#83 Not sure what business to start? One approach: don’t start one at all! In this episode, Erika Kullberg talks with Codie Sanchez about the benefits of buying an existing business instead of starting one from scratch. They delve into three main topics: choosing straightforward, profitable businesses with a solid history, the advantages of purchasing an established business, and the essential steps for buying and growing a business. Watch to learn simple, effective strategies for building wealth and enhancing your business success!

Get Codie Sanchez’s new book: Main Street Millionaire: https://erika.com/main-street-millionaire

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