Buy A Business With Little Or No Money
You can buy a business with little or no money if you have the right skills. Aging baby boomers are being forced to retire, which will cause the transfer of trillions of dollars of wealth. This will force profitable businesses to sell, but there aren’t enough people with the knowledge to buy and operate these companies. You can profit from the transfer of wealth by buying businesses with little or no money. When acquiring a business, your knowledge and skills will be more valuable than money.
What You Need To Know To Buy a Business in Today’s Economy
To buy a business, you must be a good listener. You must understand the business owner and their current circumstance. Business owners aren’t always looking for the most money. Business owners may have non-financial needs. Most owners want to see their business go on without them and prosper as a matter of pride. An owner may be convinced to hold a seller note to allow bank financing for the rest. To have any chance of buying a profitable business with no money, you will have to learn the business and show you are competent to run the operation and service the debt successfully. The most important skills to buy a company aren’t taught in school. The quickest way to get the skills is by doing it.
The Qualities Needed To Buy a Business
- Good communication skills
- Ability to write a business plan
- Understand basic financial statements
- Organizational skills
- Fast learner
- Humility
- Integrity
- Leadership
Now is The Time To Buy a Company
Buy companies with a long-term value that will continue for many years and that you can sell later. Operating a business provides income, but selling a company is a major capital gain if done correctly. In some cases, the sale of the company is worth many years of earnings. Invest in companies you understand, where you can create a competitive advantage. Gain a competitive advantage using technology, scale, people, synergy, branding, etc.
Minimize Risk When Acquiring an Existing Company
You eliminate many risks when acquiring a company with revenue, customers, employees, and processes to generate money on day one. You can buy a business at a discount if you have the right strategy. Lack of capital is the number one reason people don’t own a company, and it shouldn’t. Business owners are retiring at record numbers, with insufficient entrepreneurs ready to take over. Profitable companies will be forced to liquidate their assets and close their doors because 58% of business owners don’t have any transition or succession plan. Come to our next Buy A Business with Little or No Money Webinar.
What You Will Get From This Free Webinar
• Quickly know what any company is worth
• Getting money from the SBA
• Finance a business with little or no money
• Understanding the balance sheet, P&L, and cash flow statement
• Determine value if the financial statements suck or can’t be trusted
• What you need to know about adjusted cash flow
• Know the pros and cons of an asset sale versus a stock sale
• Learn how to turn around any business
• Buying an existing franchise at a massive discount
• The right things wrong that can make a business perfect • Question and answer period for your toughest questions
Baby Boomers Are Retiring
There are more than 2.3 million businesses owned by baby boomers, according to the U.S. Census Bureau. Baby boomers are retiring, aging, and running into health problems that force them to exit. You can help save millions of jobs and give business owners a way to exit. Small business expert Jim Blasingame said, “we are at a crossroads in the history of small business and entrepreneurship in our country because baby boomers are retiring without a succession plan. Sign up for our next webinar and start your journey to becoming a business owner.
