The Diary Of A CEO with Steven Bartlett cover image

Codie Sanchez: They're Lying To You About How To Get Rich! How To Turn $1,000 Into $1M! Hard Work Doesn't Build Wealth!

The Diary Of A CEO with Steven Bartlett

NOTE

Three Ways to Buy a Business

Buying a business does not always require significant capital; there are three primary ways to acquire a business: cash, expertise, and sweat equity. Individuals without substantial funds can leverage their time and skills to partner with those who possess operational knowledge. For instance, a driven individual can propose to operate a business for someone willing to provide the necessary capital while sharing future profits, also known as seller financing. This method was exemplified by a young person who identified an opportunity to acquire a graphic design vendor. He approached a senior partner at his marketing firm and suggested integrating the vendor into their business model with a deal based on future revenues. This approach illustrates how one can secure ownership and operational control of a business with minimal upfront investment by forming strategic partnerships and demonstrating the ability to contribute through hard work and dedication.

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