Action Academy | Replace The Job You Hate With A Life You Love From $0 to Your First Small Business Acquisition β The Ultimate Roadmap
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Apr 23, 2025 Learn effective strategies for transitioning from a corporate job to owning a small business. Discover crucial factors to consider when acquiring a business, including financial assessments and funding options. Get tips on a detailed diligence checklist and important steps for the first 90 days post-acquisition to ensure a smooth transition. The guide emphasizes aligning investments with personal skills and goals, helping you unlock cash-flowing opportunities and build a successful entrepreneurial journey.
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Adopt a Seven-Figure Mindset
- Adopt a seven-figure mindset when buying a business and avoid small, job-like businesses.
- Believe in your skills and accomplishments as a foundation to become a capable business owner.
Align Business with Skills and Lifestyle
- Focus on businesses that align with your lifestyle and skill set to add value immediately.
- Avoid businesses where you'd need to drastically step outside your comfort zone operationally.
Choose Service Businesses with Stability
- Target service-based, cash-flowing businesses with $1M to $3M revenue and $300k to $600k profit.
- Prioritize businesses near you with diversified customers and strong employee tenure.