The Art of Buying Businesses
The Business Credit and Financing Show · Ty Crandall
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Show Notes
Ace Chapman bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it and seeing the benefits in buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses.
During this show we discuss…
Why buying a business makes more sense than building one
What you should take into account when trying to buy a business
How to buy a business even if you have little to no cash using financing
How to look at multiples to make the decision to buy or not buy the business
How wo figure out what the multiple of your business is
The three groupings of people buying business… and how to know where you fit in
Whether you should or should not have experience in the industry you are buying in
How to negotiate with a seller who really needs to sell
How to find the right business or industry to buy?
And much more…