To Buy or to Build, that is the Question 🤔

If you’re already convinced it is more effective to buy a revenue generating business than to bootstrap one from scratch, then skip the reading and join the movement.

If you still need some convincing, I offer a few thoughts below.

On one hand you have statistics like these:

• 90% of new startups fail.

• 75% of Venture-Backed startups fail.

• Only 40% of startups turn a profit.

On the other hand you have:

• Over 6 million income generating small businesses for sale in the U.S. alone

• Over 12 million baby boomers wanting to retire within the next 10 years

• Only 1 in 3 family businesses will be transferred successfully to the next generation…the rest will either be sold or simply go to waste

Going from 0 to consistent profitability requires a Boatload of energy, time and money.

With a capital B.

And guess what happens when profitability is reached?….many years later. ⌛

The business owner is:

• Resentful towards the business because of how long it took to reach profitability

• Priorities in life have now changed

• Needs the money to cover an unforeseen expense

• Unenthused at the outlook of the future based on the Boatload of work it took to get to the uneventful present

• Intrigued by other business ideas

• Has reached retirement age and would like to scale back

  …And the list of goes on and on and on.

This realm of possibilities creates an exceptional opportunity for those who don’t see the need to start from 0.

…Where again, the risk of wasting money and time is highest.

So what do opportunistic people do instead of spending years trying to go from $0 to $5,000 a month?

They buy the business once it is making $5,000 a month.

Ironically, the level of effort to go from 0 to $5,000 a month is several times harder than going from $5,000 to say $15,000 a month.

Who knew? 🤷

I didn’t. 🙄

But hey, it’s never too late to learn and change.

Not too fast though…

Before buying a business, it takes doing the proper due diligence, ensuring the number’s are on point, validating this is the right fit and so on.

For most people there are lots of question marks when it comes to buying a business.

I was one of those “most people”…in fact, I was literally clueless.

I tried to find helpful resources online but realized that information is completely scattered.

So I decided to do a deep dive on the subject and share everything with others who also want to tap into this potential.

Second priority was building a community. We all know how powerful it can be to surround ourselves with like minded people, particularly in a niche like this.

My hopes is that this Global community can become a second family for many and one where people can derive inspiration and motivation.

I for one absolutely need this since I have struggled to build a close community of like-minded entrepreneurs.

What to Expect:

You will be learning from entrepreneurs that have been there, done that when it comes to all things buying, selling or scaling businesses.

I will share success stories, the due diligence they did prior to buying their business and the failures they faced.

You will learn frameworks to scale businesses effectively and how to best structure your businesses to have a victorious exit…if you so choose to take this path.

Who Belongs Here:

Anyone who wants to learn all the ins and outs of buying and selling a business and meet other likeminded people in this journey.

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