When Should You Start Buying Businesses? #1874

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 1 October 2021

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #1874, Neil and Eric talk about when you should buy a business. While it might seem more attractive to build something from scratch, it is infinitely more challenging, which is why there are upsides to buying and growing. Tune in to hear how to get the timing right! TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: When Should You Start Buying Businesses? [00:28] For most people, in most sectors, it’s harder to start a business than it is to grow one. [01:05] Why the best time to consider buying is when things are flat for you. [01:51] When you buy a small business, you have to have good operators in place. [02:56] Don’t buy if your company can’t handle it. [03:38] Factor in that many times M&A won’t work out. [04:02] That’s it for today! [04:02] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information or call us on 310-349-3785! Links Mentioned in Today’s Episode: MicroAcquireFlippa Empire FlippersBuy Then BuildAgile M&A 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.
0:50.5	Today we are going to talk about when you should start buying businesses.
0:54.8	So one of the best ways to grow and private equity companies do this all the time is they
0:58.8	buy businesses because the big belief is it's harder to start them than it is to grow
1:03.6	them.
1:04.6	And that is true.
1:05.6	And for most people, it is harder to start them than it is to grow them.
1:08.8	Especially if you're into marketing, it's usually easier to grow companies than this
1:11.4	to start them.
1:12.4	There's a lot of sites out there like micro acquire, flip, uh, what are some of the other
1:16.6	ones, Eric?
	...

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