MBA969 Is Buying a Physical Business a Good Idea?

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.8 • 2.2K Ratings

🗓️ 27 March 2018

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We all know online business is fertile ground. But is there still room for entrepreneurs to thrive in the physical world? If you’re considering taking on a good ol’ fashioned brick & mortar business, you already know that it comes with risks and challenges the online space is mercifully free of. So should you go for it? Is small business fully digital, or can a scrappy player still make it on the (literal) streets?

We’ve got some good news.

Physical business have never been more affordable to invest in, if you know where to look. What’s been terrible for real estate has been great for entrepreneurs, as moderate-to-low priced physical stores and spaces are available all over the map. You just have to assess the risk factors by doing your homework.

Today, we offer 5 specific things you should look into when considering a physical business. By addressing these 5 areas, you can make real-world entrepreneurship as feasible and realistic as any web-based company. Find out how — Click Play!

Transcript

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0:15.6	Heyo! Welcome to the $100 NBA Show, the business podcast that knows the more you know the more you grow that's why we deliver daily 10 minute business lessons for the real world. I'm your
0:20.4	host, your coach, your teacher Omar Zenhome.
0:23.2	I'm also the co-founder of the $100 MBA, a complete business training and community online
0:28.4	over at 100 MBA.net.
0:31.6	If you're just getting started and you want to nail your business idea, you want to make sure
0:35.0	that what you're providing customers, what you're back to launch, is something that they actually
0:39.5	want. Then you should definitely check out our free idea validation course.
0:45.0	This is a seven part video course and workbook that you can get access to for free.
0:50.0	Make sure what you offer is actually what people want.
0:53.0	Just go to 100MBA.net to enroll for free.
0:57.0	In today's episode you will learn, is buying a physical business a good idea?
1:02.0	There are opportunities everywhere for you to buy
1:04.5	physical businesses. Brick and mortar businesses around you. Whether it's a cafe, a
1:09.6	restaurant, a massage parlor, a barber shop, a a dollar store whatever it may be you can find these for sale everywhere
1:18.5	in classified ads and Craigslist and for some of us maybe we just want to take over a business, we want to buy a business,
1:25.0	something that's already been established.
1:27.0	But what are some of the things you need to look for or consider before taking that plunge?
1:32.0	Today I want to share with you my five golden rules
1:34.0	when it comes to looking to buy a physical business.
1:37.6	These are five things you really need to consider
1:40.9	do your homework on before you actually sign on the dotted line. We got lots of covers, so let's get into it. Let's get down to business.
1:49.0	Today's episode is supported by AISER. Looking for a laptop that delivers on both performance and price,
	...

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