How to Acquire A Profitable Business Instead Of Building It With Carl Allen
Episode description
Starting and acquiring a business is obviously not easy, which is why if you want to take the risk and pursue your dream then it is ideal that you learn from the best. Ninja Acquisitions Founder and CEO Carl Allen sheds some light on the benefits of acquiring a profitable business. Carl has developed a coaching program that teaches people how to buy business. In this episode, he shares his own business model and some strategies on how he runs the companies he has bought, including allowing the seller to run it and initially finding a number two who also has a mindset of being a business owner. He also highlights the importance of due diligence and discusses the triad that you need to tackle prior to closing a deal.
Some Topics We Discussed Include:
- Why it's so much easier to buy a small business versus a $1 billion business
- How to find a buyer that cares about the employees and that's not going to trash the company
- Carl’s business model and mindset of deal-making
- Things to look for and things to steer clear of when buying a business
- Strategies for outsourcing or hiring someone else to do due diligence and write up the legal contract for you
- A great method for deal flow and deal origination, building relationships, and preempting what your deal team's going to look like
- Why the best deals are not with brokers
- Accounting and financial methods for valuing your business
- Some of the best ways to find deals and get into the deal flow
To see Carl Allen's Business Buying Accelerator Program just visit: https://baconwrappedbusiness.com/carlallencourse
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