How to Buy a Business
How to Get the Money to Buy Your Dream Business
A few years ago, I added a number of learning modules to the main course on how to apply for funding from investors, bankers, and specialty lenders so that you get the money needed to do your first deal. For every obstacle, problem, or weakness keeping you from raising the capital you need, there is a solution or workaround as the modules reveal. This weekend I release the 2018 updated version which incorporates feedback and tips from our grads. If after following this system you still can’t get financing, your only hope is divine intervention, to put it bluntly.
Here are the details of the extras I added a few years ago:
An Opportunity for Consultants to Expand Their Practice and Client Base
If you’re a consultant would you like to expand your expertise and increase your client base?
Would you like to be able to show clients how they can double or even triple their revenues in a year by utilizing small scale acquisitions?
Occasionally, I will be asked if someone can use The Tycoon Playbook to make money without actually buying businesses. Not everyone wants to manage a business after all. The answer is actually a yes. It is possible to do so.
Let’s look at a number of ways to make money with the Playbook without buying a business.
Are you having trouble putting together the down-payment for your first business acquisition?
Having a down payment in the bank works wonders in terms of boosting your confidence level when dealing with sellers, lenders, and everyone else. It turns you into a real buyer in everyone’s eyes. Brokers use your available down payment to screen you out quickly. If the seller is asking for $50,000 as a down payment and you can only show that you have $5,000, you’re banished.
The Tycoon Playbook opens up with the elite Special Air Service Regiment’s (SAS) famous motto:
Who Dares Wins!
These three words pretty much sum up the secret to success in both business and romance. Are you prepared to take smart calculated gambles?
The SAS were arguably the first true special forces of the 20th century and were instrumental in the creation of similar units such as Navy Seals, Green Berets, Delta Force, Russian Spetsnaz, etc. They initially operated in North Africa during the early days of WW II fighting against the German Afrika Korps and Italian Army.
One of my favorite YouTubers, LindyBeige, has just created a video about the unit’s creation and early days.
Click here to watch.
You can forget about goals for most things in life because they just as often serve as demotivators as motivators. What you want to do instead is create and utilize systems. Think of systems as the business version of an individual’s habits. In The Tycoon Playbook we stress building systems for wealth accumulation through acquisitions.
In this video Scott talks about how he’s used systems to become a very wealthy man. It starts off a bit slow because he’s giving a talk to a group of patients suffering from a certain affliction but quickly gets very relevant and interesting for us. Pay close attention to the story about how he and a friend approached dating back in high school to grasp the principle. Scott being goal-oriented would pick a specific girl to ask out. Then when he finally worked up the courage to approach her she would inform him at least half the time that she already had a boyfriend. As a result he didn’t meet many girls. In contrast his friend was focused on building and refining a system for simply meeting as many girls as possible. At this he succeeded spectacularly.
By the way, Scott published a book called How to Fail at Almost Everything and Still Win Big a few years ago and is publishing a new one this fall o persuasion titled How to Win Bigly.