Boom! Shake the room fire nation! JLD here and welcome to Entrepreneurs on Fire brought to you by the HubSpot Podcast Network with great shows like I Digress.

Today we're pulling a timeless EO Fire classic episode from the Archives and we'll be breaking down how to buy a business without investing your own cash with Carl Allen.

Carl is an entrepreneur investor and corporate dealmaker who has worked on transactions worth over 50 billion dollars which includes over 250 acquisitions and sales together with more than 100 capital fundraising projects.

He is one of the world's premier experts on buying and financing small business acquisitions and coaches more than a thousand entrepreneurs all over the world to buy small businesses rather than start new ones.

In today's Fire Nation we will be talking about why it's so much easier and quicker and less risky to go acquire a business that someone else has built but no longer wants to own the best ways to find deals and networking and so much more when we get back from thinking our sponsors.

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Carl say what's up to a fire nation and share something interesting about yourself that most people might not know.

Hey what's up by nation so really good to be to be on the show GLD thanks for thanks for having me.

Yeah I think one of the one of the coolest things about me is you know how I got started you know doing what I do which is is buying buying businesses growing them and selling them without me investing.

You know any of my own personal money so so the classic LBO leverage by our model and once I grew up on Wall Street and did lots and lots of mega deals for big corporates.

I decided to do what I do now buying my own things 10 years ago I was in Moscow closing a very big very boring deal for for a large corporate and my wife went into labor 2000 miles away back in the UK.

So I had to run out of the hotel in the middle of Moscow flag down a cab which is not the easiest thing to do let me tell you.

And I managed to get back to the UK to the hospital about five minutes before my son popped out so out came Josh he's just 10 10 years ago and I decided there and then that you know I didn't want to work for anybody else anymore.

I wanted to do my own thing and become an entrepreneur.

I love that leaving corporate story and Fire Nation I definitely would challenge you to think about your leaving corporate story if you happen right now and if you don't well maybe some of the plan that leaving corporate story so Carl thanks for sharing yours I mean five minutes before your son is born that was incredible.

And as I mentioned in the intro Fire Nation we have a dope a value bomb drop in audio masterclass which is called how to buy a business without investing your own cash and let's be honest sometimes we don't have cash to buy a business so to speak or sometimes maybe we don't want to use the cash that we have we want to leverage a scale other things.

And that's why I'm fired up to bring a car on the show today so car I want you maybe give us just a real quick overview about what this masterclass is going to be about just kind of hook up hook the listeners so to speak and then we'll dive into some of the main points sure so what's what's very common and very widely understood.

So certainly North America is the whole concept of no cash down real estate investing you know everybody gets that there's a whole bunch of people doing it whole bunch of people coaching it what people don't necessarily comprehend as well is that you can do exactly the same thing though with business so you can buy a business invest in a business without you having to commit any of your own personal capital whether you've got that capital invest or you haven't so that's what my core expertise.

That's my skill set that's what I've been doing you know for 26 years be doing it on my own for the last 10 and my kind of my big mantra in this world is I I don't believe that people should go out and start a business I believe that it's so much easier it's so much quicker and it's far less riskier to actually go and acquire a business that somebody else has built but no longer wants to own.

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