71: Buy It, Don't Build It! with Ace Chapman

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Business, Entrepreneurship

4.7 • 522 Ratings

🗓️ 16 January 2017

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Buy - don't build - your small business. Ace Chapman, a serial entrepreneur and author, shares his inspiring entrepreneurial journey, and why he believes it's better to buy an existing small business than to build one yourself. He considers himself a Deal Maker, not an entrepreneur. Ace also shares ideas on preparing your business for sale, and other tips & advice for small business and personal success. His business, Ace Chapman Business Acquisition Consultants, invests in and acquires small businesses, and works with individuals, small businesses, and private equity firms to buy income producing businesses that increase their income.

This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run, grow and exit your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com

Transcript

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0:00.0	Welcome to the How of Business with David Begin and Henry Lopez, the podcast that offers practical advice and tips on how to run and grow your small business.
0:10.3	The How of Business helps aspiring entrepreneurs and small business owners achieve their definition of success and overcome challenges that get in their way.
0:18.6	This podcast series focuses on the everyday common business issues,
0:22.6	challenges, and opportunities that face the small business owner. So here now are your hosts of
0:27.7	the how of business, David and Henry. Welcome to this episode of the how of business. This is
0:35.7	Henry Lopez with you and my special guest today, Ace Chapman, Ace.
0:40.4	Welcome to the show.
0:41.7	So great to be here.
0:43.0	I'm excited about today's conversation.
0:45.2	We're glad to have you.
0:47.0	Ace is the owner of Ace Chapman Business Acquisition Consultants and an expert in business flipping and investing. He teaches individuals how to
0:56.8	invest in online businesses to generate passive income streams, using as little as $10,000 to get
1:03.5	started. Many who have worked with him have been able to replace their day job and retire early. He
1:09.3	imagined that. He also provides companies with expert advice
1:12.7	on how to make their business ready for sale. That's one of the topics we're going to dive into.
1:17.6	Ace currently has a personal portfolio of 28 or so. I'm sure it changes on a regular basis.
1:24.0	28 or so online businesses bringing him a six-figure monthly income. He's also the author
1:30.1	of The Ace Formula. It's a great book that's available on Amazon. In today's episodes, we're going to
1:36.1	chat with Ace about his entrepreneurial journey, how he came to become his own boss. We're going to
1:41.2	chat about this idea of building versus buying a business and get his opinions on that. As I mentioned, we're going to chat about this idea of building versus buying a business and get his
1:45.5	opinions on that. As I mentioned, we're going to talk about his thoughts on business exit strategies,
1:50.4	how you get a business ready for exit, meaning selling it or doing something else with it,
	...

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