Member-only story
Business Acquisition Wins
The most promising opportunity in entrepreneurship and investing today
Acquiring an existing business presents a unique and lucrative avenue for aspiring entrepreneurs and seasoned investors alike. This strategy sidesteps the inherent risks of the startup phase in the following 2 ways:
- First, most startups falter as they struggle to achieve product-market fit. By purchasing an established business, you bypass the initial startup challenges, gaining immediate access to existing customers, a proven product or service, an operational team, and instant cash flow from day one.
2. Second, the largest generational wealth transfer in history is underway as baby boomers retire and divest their businesses. The Small Business Administration (SBA) projects that approximately 10 million businesses owned by baby boomers will change hands from 2019 to 2029.
Ready to learn more? Let’s begin!
We will overview the business acquisition process and guide you in establishing your search criteria.
From my experience, the business acquisition journey encompasses ten steps:
Step 1: Define your search criteria. Decide on the type, size, and location of the businesses you’re…