Please welcome Ace Chapman to the show today. Ace basically bought his first business when he was only 19 years old. A mere babe. It was an online stock simulator called Cool Wall Street. After selling it and seeing the benefits of buying the business over starting one, he has bought and sold over 30 businesses and helped his clients, all over the world, buy 100 businesses.
Learning from Buying
I’m excited about what we’re going to promise folks today because this is something that has been overlooked in the space. Every interview I get on, people are like, “Okay, how do we buy a business? How do I go out and buy one, or find something with some synergistic value and buy it?” One of the keys, before you get to that point, is something that we’ve been taking advantage of for a really long time, and it’s the fact that some of the most valuable information is learned while you’re looking for potential businesses to buy.
So, we’re going to talk about the process of going to the market, seeing what’s on the market, getting prospectuses, and looking through those because you never know where you are going to find that amazing deal that you want to buy.
You always want to be in the market, looking for potential deals. But, you’re also going to learn what other businesses around you are doing to be really successful. [bctt tweet="You’re going to learn how to take your business to a whole new level by just shopping for businesses for sale." username="danielhall"]In other words, you’re basically going to be able to educate yourself on what’s out there and what they are doing, and that way, you can take bits and pieces of what they are learning and plug it into your own business, your existing business, to make it more profitable.
In this interview you will discover:
- How to take the info you learn about other businesses and apply it to yours
- Different ways of doing businesses
- BizBuySell.com A site where brokers and individuals go to buy businesses
- What to look at in a business
- How are they growing this business?
- Are they marketing it?
- Is it SEO?
- What are the products?
- How to research a business
- NDA (Non-Disclosure Agreement)
- Reviewing the info you find
Resources BizBuySell.com Ace's Book: The Ace Formula AceChapman.com
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