009: Ace Chapman Says Don't Start Businesses, Buy Them
Your First Thousand Clients with Mitch Russo
Mitch Russo
5.0 • 104 Ratings
🗓️ 26 June 2017
⏱️ 37 minutes
🧾️ Download transcript
Summary
Ace Chapman was a born entrepreneur, at the age of 5 he sold his school pictures to make back the $20 it cost for him to take them, by the age of 19 he had bought his first business, and by the age of 21 he had made his first million.
A college dropout with an eye for opportunity, Ace Chapman found a calling in buying and selling businesses. It was with the motivation to continue enjoying his life and having the luxury of freedom to do what he wanted that he invested in this business of buying businesses.
In the past 16 years, Ace has purchased over 40 businesses and discovered unique strategies to finance businesses and continues to help other people leverage those same strategies.
In this episode, Ace Champman and I discuss:
- How he bought his first business
- Lessons from running his first site
- Going out of business and almost losing it all
- How to get out of a situation where there seems to be no hope
- Importance of having the right mindset
- Working with a mentor
- How YOU can find a good mentor
- On changing the world
Resources Mentioned in This Episode:
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- Oscar Hamilton - Podcast Editing & Production services
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Transcript
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| 0:00.0 | You're listening to your first thousand clients with Mitch Russo. |
| 0:07.0 | So listeners, how much would you pay to spend about an hour with a guy who bought 40 businesses over the last 16 years. |
| 0:17.0 | Imagine the advice and wisdom you would receive. |
| 0:20.0 | Now, if he were able to show you how to duplicate his success, how to buy and sell working, |
| 0:27.0 | running businesses every single day, would you say hell yeah to that? |
| 0:32.0 | Well, I would, I'd say hell yeah to that? Well, I would I'd say hell yeah |
| 0:34.0 | Let's welcome Ace Chapman to the show with a big hell yeah. Hey Ace how's it going? I am glad to be here |
| 0:40.9 | with you. Miss Thanks so much for inviting me to the show. |
| 0:43.8 | I am so glad you're here, Aizan. |
| 0:45.1 | I'm dying to hear all about how you do this magic. |
| 0:49.7 | But before you get into the details, I'm going to make it hurt a little bit. |
| 0:54.2 | I'm going to make you go back to the beginning, Ace, to the times when you probably weren't |
| 0:59.6 | as successful as you are now, and tell us how you really got started. |
| 1:03.0 | Yeah, well those are fun years. |
| 1:05.0 | This is, it goes back to 1999. |
| 1:08.0 | I was a 19 year old college student up at Colgate University trying to bear gridded through the tough winters. |
| 1:18.4 | It was, you know, I grew up in Tennessee. |
| 1:21.8 | So going up there was rough man, but it definitely provided a lot of time for studying and then coming up with other things to do while indoors. |
| 1:31.0 | And one of those things was playing on this stock market simulator that was basically a game and you take |
| 1:37.6 | virtual money you invest in a stop money and see like oh how well would I do in there these competitions so I was obviously a huge |
| 1:46.1 | business nerd and enjoyed that kind of thing but the site that I used was always |
| 1:51.4 | crashing the owners gave terrible customer service so as I got |
... |
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