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Why RIGHT NOW Is The BEST Time To Buy A Small Business w/ Walker Deibel (Author of "Buy Then Build)
Sep 19, 2024
Walker Deibel, bestselling author of "Buy Then Build," shares insights on why now is the perfect time to acquire a small business. He discusses the upcoming wave of business ownership transfers from retiring baby boomers and the advantages of purchasing established businesses over starting from scratch. Deibel also dives into business valuation metrics like Seller's Discretionary Earnings and the critical role of business brokers. He touches on navigating SBA loan challenges and emphasizes the importance of aligning personal skills with business opportunities.
48:18
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Quick takeaways
- The current climate offers unprecedented opportunities for acquiring small businesses, particularly as baby boomers retire and sell their enterprises.
- Owning a small business typically delivers better immediate cash flow than real estate, allowing for faster financial independence and reduced startup risks.
Deep dives
The Greatest Opportunity for Business Acquisition
Currently, a unique convergence of events presents what is considered the greatest opportunity for business acquisition in our lifetime. A significant portion of the small business landscape is owned by baby boomers, many of whom are retiring and looking to sell their businesses. This impending transfer, estimated at $10 trillion in business value, means that these companies are often available at discounted prices. As boomers exit the workforce, opportunities to purchase established yet profitable businesses abound, creating a prime environment for aspiring entrepreneurs.
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