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Sep 16, 2020 · Our How to Buy a Business course covers the search and initial approach through to closing a deal and issues when finalsing terms and buying a business. Book multiple places in one orderfor the below discounts: Book 2 placesand receive a 40% discount Book 3 placesand receive a 50% discount Book 4 placesand receive a 60% discount
If you are looking to buy a business, my course will teach you how to identify and buy a great business for a great price and in a way that gives you the greatest probability of success. All you need to do is dedicate the time and effort needed to apply what I've taught you. The best part is, at anytime throughout the business buying process ...
What we learn in this course: 1 Buying an existing business has several important advantages over starting one, including less risk, less time and effort, and the possibility of getting a bargain. 2 Finding a business to buy should not be confined to the standard channels where businesses for sale are advertised 3 Determining the value of the business requires taking into account both the assets the company has and the earnings it is likely to achieve in the future 4 In order to negotiate effectively, the entrepreneur must gather as much information about the company and industry as possible 5 And much more!
Paul P. says: "Great course, as a business man who has built several small businesses I want to expand into buying and acquiring already existing businesses. That is a whole skill set in its own though, and while I know what it takes to build a great business I didn't understand how to identify value in other peoples businesses and their mistakes. This course definintely helped clarify a lot for me and I now feel confident in moving into buying businesses!"
A nice, little intro course with questions in case you have NO clue and NO ideas about how to buy your first company. Gives pros and cons of buying a new company and tips HOW to find deals.
Did you know that Richard Branson, Steve Jobs, Bill Gates have all bought businesses?
Carl is an Entrepreneur, Author, Speaker, Marketer & Tech Geek. Having bought, built and sold businesses, he now teaches others to use the same strategies he has used and continues to use for the past 14 years.
Buying a business is a project combining several individual tasks. No single part is more important than another, somewhat like the spokes on a wheel. Do a great job with everything but neglect the Due Diligence for example, and you won't make the right decision. Put all the pieces together but overlook financing preparation again, you will fall short .
Fundamental to your purchase is determining the most basic of factors: is this a good business? This section outlines the ten rules that cannot be bent, avoided or broken. Any business that you buy must subscribe to all ten.
When you approach a Master Franchiser regarding a new location they will bombard you with market studies. They will tell you that IF their study proves correct and IF the passing traffic trends continue and IF the area continues to grow at the same pace and IF the industry continues to thrive and IF you follow their steps exactly and if you buy all of their promotions then you should do well.
The 6 conditions by which sellers choose to sell.
The average "buyer" spends over a year looking for a business and then there's a ninety percent chance that they will drop out. The longer you look, the greater the chances you'll never buy!
How to overcome all obstacles if you've never been in business before. A three-step system that will overcome any lack of experience you may have. Understanding the objections and situations you will face with family members and how to include, not exclude them. The attitude you need if this process is new to you.
Every single business is for sale; even those that aren't currently listed. Under the right conditions every owner would sell. Wouldn't you? Since we take a creative approach, you will quickly learn what kinds of businesses are right for you, it may in fact be a company that is not currently on the market. Once you determine the specific type, which you will, why limit yourself to what is listed? You’ll learn how to creatively approach every business, even those they may not be “on the market” currently.
So when Ace saw a profitable-but-ignored stock market simulator site, he structured a deal to buy it for $70,000, even though he only had $3,000 in cash (more on that in a minute). “The site made $30,000 or so a year for the web development firm that owned it, but it wasn’t anything that they really wanted to focus on,” says Ace.
When Ace bought his stock market site, the asking price was $70,000, which he didn’t have.
To do that, Ace looks at about one hundred deals for every company he buys. “The more offers you look at, the more likely you are to get something really good,” he says. To evaluate that many deals, he uses a funnel process. “You’ve got 100 deals that go into the top of the funnel,” he says.
If you see a business listed for sale, it’s probably not a great deal.
People who excel in creating new businesses typically display a wide variety of skills, as most entrepreneurs have to wear a lot of hats while they ramp up. Business Development and interpersonal skills are a must for landing customers and clients.
According to the online career-matching platform Sokanu, entrepreneurs in the United States earn a median salary of $171,610 per year. However, using data accumulated from directly from employees, users, and past and present job advertisements, the job site Indeed maintains that the average Entrepreneur salary in the United States is approximately $67,608 per year.
For a wider perspective, Harvard University offers Entrepreneurship in Emerging Economies, a study of how entrepreneurs tackle complex social problems in emerging economies around the world.
In recent years a number of new organizations have been founded to give education and support to women starting their own businesses. These organizations often provide some combination of counsel, contacts, funding, and business ideas for women.
Entrepreneurism is by no means an easy path , but millions of people around the world take the plunge every year. It takes tenacity, confidence, and some good ideas. A solid knowledge base is a huge asset and there are plenty of online courses that can help. Dive in!
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