Should You Buy a Business as a New Entrepreneur? #1719

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 29 April 2021

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should You Buy a Business as a New Entrepreneur? In episode #1719, we explore the topic of whether new entrepreneurs should buy existing businesses. The fact is that when a person is at the beginning of their entrepreneurial journey, they still have a lot of mistakes to make before they can level up. Tune in and hear why it is a better idea to make these mistakes while starting a business than after buying one. TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: Should You Buy a Business as a New Entrepreneur? [00:30] The value of making rookie mistakes before buying a business. [01:45] The mistakes Eric made in the first few businesses he bought. [02:56] Making junior mistakes can bring a higher level business down. [03:08] If you don’t beat your current level, you cant get to the next one. [03:19] Please rate, review, and subscribe to this podcast! Links Mentioned in Today’s Episode: Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Neilpatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Welcome to Marketing School, the only podcast that provides daily top level marketing tips
0:06.4	and strategies from entrepreneurs that practice what they preach and live what they teach.
0:11.8	Let's start leveling up your marketing knowledge with your instructors Neil Patel and Eric
0:16.8	Sue.
0:17.8	All right guys, before we start, we got a special message from our sponsor.
0:24.1	If you want to rank higher on Google, you got to look at your paid speed time.
0:28.6	The faster your website loads, the better off you are.
0:31.4	With Google's Corvital update, that makes it super, super important to optimize your
0:35.5	site for low time.
0:37.7	And one easy way to do it is use the host that Eric and I use DreamHouse.
0:42.2	So just go to DreamHouse or Google it, find it, check it out, and it's a great way to
0:47.1	improve your low time.
0:48.8	All right.
0:50.8	So today we are going to talk about if you should buy a new business or buy a business
0:56.2	as a new entrepreneur.
0:57.8	So Neil, what are your thoughts?
0:59.8	I don't think you should buy a business as a new entrepreneur.
1:02.9	You know, they say the hardest part about a business is actually starting it and getting
1:06.8	some traction.
1:07.8	And I would agree with that.
1:09.2	The easier part is growing a business.
1:11.2	And you could say, well, Neil, if that's the case, why wouldn't you recommend buying
	...

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