

How to Buy a Business, Without Investing Your Own Cash with Carl Allen
58 snips Dec 25, 2021
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Moscow Birth
- Carl Allen's entrepreneurial journey began after his son's birth in Moscow.
- This event inspired him to leave corporate life and pursue business acquisitions.
Acquire, Don't Start
- Business acquisition is similar to no-cash-down real estate, using the business's resources.
- Allen emphasizes acquiring existing businesses over starting new ones due to lower risk.
Startup Failure Rate
- 96% of startups fail within 10 years, 50% within 12 months, according to Michael Gerber.
- Many baby boomers are selling businesses due to retirement, creating acquisition opportunities.