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The Economics of Buying Another Business Versus Building #1932
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In episode #1932, Neil and Eric talk about the economics of buying another business versus building. When you’re deciding whether or not to buy a business, the number one question you should ask yourself is whether you are buying a job. To learn more about what to look out for when pursuing acquisitions, tune in today!
TIME-STAMPED SHOW NOTES:
[00:20] Today’s topic: The Economics of Buying Another Business Versus Building.
[00:50] Why buying a business doesn’t always need to be expensive.
[01:14] Why each approach has its merits and drawbacks.
[01:21] Why you shouldn’t buy a turnaround.
[03:25] How to make the economics work out by buying with debt.
[03:57] That’s it for today!
[04:07] 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:
Epic Challenge
Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
HBR Guide to Buying a Small Business: Think Big, Buy Small, Own Your Own Company (HBR Guide Series)
Check out our blueprint on how to build your dream business: https://www.marketingschool.io/training
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