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Capitalism.com with Ryan Daniel Moran

How to buy a business with little to no money

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8793 Ratings

🗓️ 6 November 2017

⏱️ 47 minutes

🧾️ Download transcript

Summary

Shakil Prasla has a unique business model which generates a huge passive income.

Acquiring a business bypasses the time spent on building a business from scratch.

But, when you get a business which hasn’t been reaching it’s full potential, how do you change it into something which makes you money without you needing to spend all of your time on it?

Shakil buys online companies for as little money as possible, sits in the owner’s seat, and delegates systems and processes to a manager.

This has allowed him to purchase eight different online businesses, all of which he has turned into profitable enterprises which makes him money while he has little involvement.

In this episode of Freedom Fast Lane, Shakil explains how his business model works, how he acquires new companies, and the process he takes to make his income passive.

Key takeaways:

  • How to pick profitable products for a long-term investment
  • Finding good people for a successful online business
  • Spotting growth potential in companies you’re interested in acquiring

Connect with Shakil Prasla
For more information on Shakil’s passive income business model, go to his website at www.szventures.com.

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Connect with Ryan

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Transcript

Click on a timestamp to play from that location

0:00.0

I bought a drop ship company a few years ago. The seller was the only one working in the business,

0:06.6

but he liked to play golf. So during the day, he would not even pick up the phone calls.

0:11.0

He would have at least 10 missed calls a day. And he was telling me about this. And I said,

0:15.3

why didn't you just hire a virtual assistant? And he said, well, I didn't want to, you know,

0:20.5

trust someone else running my

0:22.0

business. All I did was when I took over the business, I hired a virtual assistant,

0:26.8

taught her on the products. We saw about a 40% increase in revenue in the first three months.

0:33.4

I did not do anything else, nothing else at all. That's all it took.

0:42.2

You're listening to Freedom Fastlane presented by Capitalism.com.

0:46.5

This is the show about building businesses and investing the profits so that you can live life on your terms.

0:54.3

And now your host, the future owner of the Cleveland Indians, Ryan Daniel Moran.

1:02.0

Hey, Fast Sleaders, Ryan here. Welcome to Freedom Fastlane.

1:06.0

Now, most of you know that I have made most of my money building physical products brands. I recently exited,

1:13.3

sold a majority stake in one of my physical products brands. What you might not know,

1:18.5

I've talked about it here a little bit, but I now buy physical products brands and I have a

1:24.6

separate business that is about starting and purchasing physical products brands

1:30.2

and running them through kind of a machine. What you also might not know is that I cut my teeth

1:37.0

in this business in the internet marketing world by buying and selling websites. And the reason I did

1:42.8

that was because websites have really low

1:46.9

valuations as compared to cash flows. And they have kind of unlimited upside because you can

1:52.7

change a few things about websites or just web businesses in general in order to get the profits

1:58.0

up. So you could buy a business for very little or no money and then add

...

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