How to Buy a Business
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:
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.