So how does one succeed with a strategy based on acquisitions? Keep in mind that we are talking about the acquisition of smaller companies and not $500 Million or Billion dollar ones.
One of the biggest fears that people have is that it’s too complicated in terms of the number-crunching. You have to be a math genius or at least have an MBA in finance, or so goes the myth. Is it true? Lets take a look using a simplified example.
How to Buy a Business When You’re Cash Tight?
While many people dream of buying a business most talk themselves out of it using financial excuses. They tell themselves that they can’t afford to buy a business. They typically use the down-payment as the main excuse. This is a depressing fact about humanity. Most people surrender without even trying.
However, there’s some good news. If you begin looking at businesses for sale and know what you’re doing you quickly begin to realize that most small businesses are over-priced fixer-uppers. Then you can make a strong and compelling case for reducing both price and down-payment. Furthermore, there are what we in the Playbook call Cash Creation Tactics and Cash Deferral Tactics.
It’s finally out!
Value Creation Strategies & Systems for Rapid Results
This is an in-depth 87 page exploration of how acquisitions can be improved in terms of performance so as to quickly boost valuation. It’s a must for anyone interested in rapid results. It’s also basically all you need to be a turnaround specialist once you have The Tycoon Playbook.
It will help you to:
The act of writing a new report on how billionaires create value reminded me of this brilliantly written scene from the first season of HBO’s Silicon Valley.
In the module on value creation in The Tycoon Playbook, I call this the Visionary Approach to creating wealth. It’s not a transferable skill unfortunately. So the Playbook focuses on building systems that create incremental improvements in acquired businesses. While this is a scene from a comedy have no doubt that fortunes have been made by people whose minds work like this. Continue reading
How to Hit Your First 100 Million
Many people who are curious about the advanced growth strategy used by self-made tycoons can’t decide if it’s for them or not. This is due to the strategy being dense and arcane. To solve that problem we offer a mini-version of The Tycoon Playbook course to help people determine if it’s something they are both capable of doing and willing to do. It’s not for everyone. This is an elite strategy. First and foremost, people who go down this road have that “gotta wanna” drive which makes them self-starters. They don’t need anyone holding their hand or cracking their backsides with a whip.
They just do it. That is once they understand how it’s done.
So here’s your opportunity to discover in a single hour if this strategy is for you.