Ep. 60: Building Businesses into Sellable Products with Ace Chapman
The Kelly Roach Show
Kelly Roach
4.9 • 965 Ratings
🗓️ 4 May 2016
⏱️ 34 minutes
🧾️ Download transcript
Summary
Ace Chapman bought his first business at just nineteen years old. Over the last 16 years, he has bought over 40 different businesses ranging from a mortgage company to a clothing retailer. Ace is here to share his insight, knowledge, and experience of buying and selling businesses that changed his life.
Right now, Ace is seeing an explosion in the market for businesses being sold for under $2,000 and will reveal his expectations for the year.
Ace began working with first time business buyers to help them acquire their own small business. Ace is continuing to help people find the right business to buy or, if in the market, figuring out the right business to sell.
In this episode, you will learn:
- The top 3 factors that make or break whether you get the asking price of your business (or make a profit!) when selling
- How to be psychologically in tune with your business
- The rock solid action steps that will increase income, make you a better business owner, help chart a course for success, and position yourself for a successful sale at the end of the day
In the end, businesses have to be sold, passed on, or shut down. Do you have a plan?
It is critical to start making decisions now that will impact long term worth of a business. Ace lays down the today, the tomorrow, and the final piece of the puzzle of setting up to get a good price when it's time to move on to that next step.
Visit www.dealmakersweekend.com to find out about Ace's worldwide tour and learn how you can more about the concept of buying businesses and building sellable assets.
Connect with Ace:
www.acechapman.com
For more business tips and strategies, follow along with Kelly:
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Transcript
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| 0:00.0 | Unstoppable Success Radio, episode 60. |
| 0:04.6 | Welcome to Unstoppable Success Radio. |
| 0:07.7 | Helping entrepreneurs, CEOs, and business owners |
| 0:10.5 | around the world skyrocket their sales and multiply their profits. |
| 0:14.4 | Now here's your host, Kelly Roach. Welcome to Unstoppable Success Radio. |
| 0:28.0 | I am your host Kelly Roach and I am super pumped to have the fabulous Ace Chapman here with me today. |
| 0:33.7 | Welcome to the show, Ace. |
| 0:35.2 | Kelly, so glad to be on. |
| 0:36.9 | I'm excited to jump in and talk about buying |
| 0:39.7 | and selling businesses today. |
| 0:41.0 | I am pumped to have you here. |
| 0:42.2 | So let me give everybody a bit of a |
| 0:43.6 | rundown and then you can you know fill in any gaps so just so that you guys know a |
| 0:47.8 | little bit about Ace he bought his first business at 19 and he leveraged |
| 0:51.6 | 3,000 dollars that he saved from working the summer before to buy a $70,000 business |
| 0:57.0 | when he was getting ready to head off to college. |
| 1:00.1 | Over the last 16 years, he's bought over 40 40 businesses everything ranging from a mortgage company to a clothing retailer. |
| 1:07.0 | And right now he's seeing an absolute explosion in the market for businesses that are being sold for under $2,000. |
| 1:14.3 | There's millions of baby booner businesses that will bring their business to the market |
| 1:18.0 | in the next decade so they can retire. |
| 1:20.3 | During the recession, many baby booners want to sell their company but decided to hold off until better economic times. |
| 1:27.0 | At the same time, many entrepreneurs are realizing the risks associated with starting from scratch are too high and are deciding to buy an |
... |
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