Entrepreneurs on Fire

How to Buy a Business, Without Investing Your Own Cash with Carl Allen

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Dec 25, 2021
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ANECDOTE

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.
INSIGHT

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.
INSIGHT

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.
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