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The $100 MBA Show

MBA896 Should You Buy a Business Instead of Starting One?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 9 October 2017

⏱️ 20 minutes

🧾️ Download transcript

Summary

Most people think that being an entrepreneur means starting a business. But there’s another option, an alternative path to independent success: buying a business! We don’t often think of this option, but with some capital and a smart purchase plan, it can be the right move.

Transcript

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0:00.0

Heyo! Welcome to the $100 NBA Show! Take your business game to the next level with our practical

0:16.1

business lessons. I'm your host, your coach, your teacher, Omar's at home. I'm also the

0:21.2

co-founder of the $100 MBA and Webinar Ninja. And in today's lesson you

0:26.4

will learn should you buy a business instead of starting one? A lot of people when they think about becoming an entrepreneur, by default they think they

0:35.7

have to start something from scratch. You don't. You can become an entrepreneur by buying an existing

0:42.0

business. Something that's already

0:44.2

established that has a track record that's making money. There are a lot of

0:49.2

advantages to buying a business opposed to starting one. I want to highlight them in today's

0:54.4

episode because that could be an option for you. But you might be asking

0:58.0

who's going to sell a business that's doing well? What kind of business am I going

1:01.8

to be buying?

1:03.0

That's a great question that I will be answering in today's episode.

1:07.7

I'll also be covering how to find businesses to buy, how to evaluate them, and how to know if buying a business is right for you.

1:15.7

We get into all of that, so let's get into it. Let's get down to business.

1:19.6

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1:28.0

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1:30.8

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1:35.0

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1:36.0

With HostGaters 50% discount.

1:39.0

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1:41.0

and that includes everything you need to build that site.

1:44.0

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