#Entrepreneurship #AcquisitionEntrepreneur #BusinessGrowth
Hey y’all! 👋 How many of you are acquisition entrepreneurs? I recently stumbled upon the idea of taking an existing business and scaling it up, like how Walmart and Tesla were both acquired by Sam Walton and Elon Musk. It seems like a less risky way to dive into the entrepreneurial world.
🔍 Interested in learning more about this path? Here are some resources to check out:
– Books like “Buy Then Build” by Walker Deibel
– Online communities like the Acquisition Lab
– Podcasts such as “Acquisitions Anonymous”
Do you think acquisition entrepreneurship is a game-changer? Let’s discuss! 🚀 #StartFromAcquisition #BusinessMindset
Looking at bizbuysell there are profitable companies out there that can be purchased for high 6 figs / low 7 figs with growing revenues and solid margins. with 10-20% down it’s quite possible for an individual to buy such a biz
🙋🙋🙋. Bought a business last year. Nearly 2.5x revenue since the purchase. Looking to buy another in the same space now that I have things running smoothly. Love this path of entrepreneurship, I feel it doesn’t get spoken about enough.
Read Buy Then Build, it’ll answer all the basic questions.
U just learned that? Lol, anyway, I am. It’s not a path to follow until ur an experienced entrepreneur and have the right team by ur side.
There’s a great podcast about ETA (Entrepreneurship Through Acquisition) called Acquiring Minds. Highly recommend it.
It’s also what I did and I think it’s a great path if you have the funds
You’re forgetting about the behemoth of them all, Berkshire Hathaway
I have been thinking a LOT about doing this. Ideally you want to buy a business that needs badly the thing you are very good at.
For me I’m best at direct-response marketing, and I don’t really like doing operations stuff. Naturally the best businesses for me to buy are ones that require minimal operations stuff or maybe already have operations figured out at scale, and I can really turn it into something great with powerful marketing.
Depends on what you do best though, every business is different so play off your strengths.
Also the books/podcasts others recommended are great.
There aren’t any free rides, I will say this about business Acquisition:
If the business is already profitable you will pay a premium price
If the business isn’t profitable you have increased risk given the cost of capital.
I started my main business from scratch, I would purchase another business at this stage because:
I have excess capital
There is space in my business to vertically or horizontally integrate.
There is efficiency to be gained via integrating the management team I already have in place
Fascinating, I haven’t read up on Walmart history in a long time. So some type of small general store that they had acquired or something similar?
Right now I’m a self-funded searcher, but after I close I’ll be able to call myself an acquisition entrepreneur.
Me. I bought it 6 months prior to Covid, so it was touch and go there for a while, and we only survived thanks to PPP money to cover payroll and rent, but after many hard years we are profitable now, and I am expanding into a new line of business that will put this business well over the top.
Yes, I would do it again.