Greetings Speedsters,
I am finding evidence that this time in history is leading many people to choose to buy a business rather than start on from scratch. Being laid off with some savings, many legacy businesses with no inheritor, popularity of web business exits. I am finding that this is possible for people with as little as $20K in the bank, and even $0 if you learn all the options out there. This suits my situation for a few reasons, the strongest being my work experience with project management...what a project.
I also find that the communities available for this discipline are few and far between. Nearly everyone I know, and so much of whom I read has not touched this unusual track to entrepreneurship. If there is a community, it is typically a highly priced premium community led by an "expert" in the field. Totally respectful of real experts who can help people for money, but I suspect many in this category are, well, not worth it.
There are few books on the subject, though I have now read a couple of these few. I see the potential for a decent community that could have regular live chats, video chat, or simply contributing to this thread.
To kick off, I will present my personal progress and some sources of data that have helped me this far.
Books:
Acquisition:
Buy Then Build -- Walker Diebel ( Fair warning this guy's book is cheap and decent, but it is also a funnel to his ultra premium acquisition "incubator")
How to Buy a Good Business at a Great Price -- Richard Parker (Fair warning that this e-book costs $100, but is excellent and the guy will answer your emails for real)
General 'E' Favorites:
The Monk and The Riddle -- Randy Comisar
The E-Myth Revisited -- Michael Gerber
Crushing it -- Gary Vaynerchuk
Principles -- Ray Dalio
Tools of Titans -- Tim Ferriss
Aside from this forum and some on reddit, I do not see many free communities out there dedicated to Acquisition Entrepreneurship. Please leave your input below and join me in this quest to get this conversation going!
I am finding evidence that this time in history is leading many people to choose to buy a business rather than start on from scratch. Being laid off with some savings, many legacy businesses with no inheritor, popularity of web business exits. I am finding that this is possible for people with as little as $20K in the bank, and even $0 if you learn all the options out there. This suits my situation for a few reasons, the strongest being my work experience with project management...what a project.
I also find that the communities available for this discipline are few and far between. Nearly everyone I know, and so much of whom I read has not touched this unusual track to entrepreneurship. If there is a community, it is typically a highly priced premium community led by an "expert" in the field. Totally respectful of real experts who can help people for money, but I suspect many in this category are, well, not worth it.
There are few books on the subject, though I have now read a couple of these few. I see the potential for a decent community that could have regular live chats, video chat, or simply contributing to this thread.
To kick off, I will present my personal progress and some sources of data that have helped me this far.
Books:
Acquisition:
Buy Then Build -- Walker Diebel ( Fair warning this guy's book is cheap and decent, but it is also a funnel to his ultra premium acquisition "incubator")
How to Buy a Good Business at a Great Price -- Richard Parker (Fair warning that this e-book costs $100, but is excellent and the guy will answer your emails for real)
General 'E' Favorites:
The Monk and The Riddle -- Randy Comisar
The E-Myth Revisited -- Michael Gerber
Crushing it -- Gary Vaynerchuk
Principles -- Ray Dalio
Tools of Titans -- Tim Ferriss
Aside from this forum and some on reddit, I do not see many free communities out there dedicated to Acquisition Entrepreneurship. Please leave your input below and join me in this quest to get this conversation going!
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