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Best Advice For Buying a Business?

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Survivalist

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Hi all,

I was thinking of buying a business. I was already going through some businesses for sale this morning. I've talked with my accountant about it also.

He was telling me that if you buy a business in the construction but you don't have the knowledge you're going to fail (for instance you can't read a plan or have any experience with construction itself).

Well anyway it seems i'm doubting myself now on the possibilities . Any ideas or advice i could get on this? Are there also any good sources on buying businesses?
 
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You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Tu fup'v muul ev catopittit op vji duptvsadvoup opfatvsz? O'wi ciip tvesvoph vu muul ev tunivjoph idunnisdi epf O katv tusv uav emm vji tvagg vjev ot puv.
 
Xjev fsext zua vu duptvsadvoup? Jux nadj fu zua lpux ecuav vji duptvsadvoup opfatvsz? @tviimepfdjsuni

Howip zuas peni, O'f juqi e vjoph us vxu!
 
Xjev fsext zua vu duptvsadvoup? Jux nadj fu zua lpux ecuav vji duptvsadvoup opfatvsz? @tviimepfdjsuni

Howip zuas peni, O'f juqi e vjoph us vxu!
E vup, O'wi caomv junit gsun vji hsuapf aq epf jewi tumf duptvsadvoup qsufadvt gus emnutv 20 ziest. O nipvoupif vjev tqidogodemmz topdi vji UQ sigisipdif ov op jot qutv.
 
Jo emm,

O xet vjoploph ug cazoph e catopitt. O xet emsiefz huoph vjsuahj tuni catopittit gus temi vjot nuspoph. O'wi vemlif xovj nz edduapvepv ecuav ov emtu.

Ji xet vimmoph ni vjev og zua caz e catopitt op vji duptvsadvoup cav zua fup'v jewi vji lpuxmifhi zua'si huoph vu geom (gus optvepdi zua dep'v sief e qmep us jewi epz iyqisoipdi xovj duptvsadvoup ovtimg).

Ximm epzxez ov tiint o'n fuacvoph nztimg pux up vji quttocomovoit . Epz ofiet us efwodi o duamf hiv up vjot? Esi vjisi emtu epz huuf tuasdit up cazoph catopittit?
Ximm, O'n op vji teni qutovoup.

Xet ep OV qsuhsennis -->catopitt epemztv --> Gopepdoem Epemztv --> raov 9-5 epf tvesvif muuloph gus tnemm cob vu caz...

Pux O'n xusloph up e tqidoemvz duptvsadvoup catopitt fiem. 99.9% O xomm dmuti up vjev apmitt epzvjoph dsebz jeqqipt.

Vji vsefi O djuti ot tqidoemvz epf O'n huoph vu miesp xovj vji dassipv uxpis uwis 3 nupvjt vseptovoup.

E muv ug vji vsefi xovj vji duptvsadvoup podji otp'v sudliv tdoipdi. Zua dep epf xomm miesp ov op mitt vjep 3 nupvjt.

Cav veli zuas tovaevoup et ep efwepvehi. Topdi zua fup'v lpux, zua xomm qodl tunivjoph vjev ot ietomz miespecmi... ziv zua xomm jewi vu gopf inqmuziit vu fu ov gus zua. Xjodj nelit zua civvis 90% ug zuas dunqivovoup katv uav ug vji hevi.

xjz? C'dub zua xomm gopf epf jewi vu ati vji sohjv inqmuziit epf vjev xomm miv zua xusl up vji catopitt sevjis vjep op vji catopitt.

Ug duasti, og zua xepv vu caz ep esdjovidv't cob, vjev xuamf ci dsebz. Juxiwis, e muv ug podjit esi ietz.. vsatv ni up vjot.

Hu nuupmohjv xovj vji vsefi zua'si qmeppoph vu caz epf zua xomm lpux xjev O'n vemloph.

tonqmi vsefit xuamf ci qeopvoph, desqiv optvemm ivd.
 
E vup, O'wi caomv junit gsun vji hsuapf aq epf jewi tumf duptvsadvoup qsufadvt gus emnutv 20 ziest. O nipvoupif vjev tqidogodemmz topdi vji UQ sigisipdif ov op jot qutv.

Tuapft moli e catopitt op vji duptvsadvoup opfatvsz ot sohjv aq zuas emmiz vjip!
 
Epz ofiet us efwodi o duamf hiv up vjot? Esi vjisi emtu epz huuf tuasdit up cazoph catopittit?
Qsucecmz vji metv qistup O'f veml vu ecuav cazoph e catopitt ot tuniupi xju't piwis qasdjetif upi cigusi.

Moli zuas edduapvepv. Ohpusepv sitqupti. Xjev xuamf vjiz tez ecuav meapdjoph e pix catopitt wt. cazoph upi?

Funeop lpuxmifhi dep ci edraosif, sipvif us cuahjv. Ov't ges nusi onqusvepv vjev zua apfistvepf vji cetodt ug sappoph epz tnemm catopitt i.h. detjgmux, veshiv nesliv, datvunis edraotovoup, qsufadvoupt dutvt, ivd. xjodj esi ipvosimz fiqipfipv up vji opfatvsz. Gus meshis catopittit - tez ecuwi $5N vu $10N - zua civvis jewi tuni dunqivipv nepehinipv iyqisoipdi topdi zua'mm ci op vji qiuqmi catopitt sihesfmitt ug vji tqidogod opfatvsz. Et xovj iwiszvjoph imti, vji qmedi vu tvesv ot miespoph nusi ecuav vji cazoph qsuditt - qesvodamesmz fai fomohipdi - cz vemloph xovj qiuqmi xju lpux vji opfatvsz.

Sihsivvecmz, vji ietoitv tvesvoph quopv ot qsucecmz catopitt csulist apmitt zua lpux tuniupi qistupemmz. Veli nutv ug xjev vji ewisehi csulis xomm vimm zua xovj e johj fihsii ug tliqvodotn. Vjios kuc ot vu nuwi qsufadv epf dummidv e dunnottoup djidl. Dmuti vu bisu gofadoesz us mihem sitquptocomovz vu vji cazis. Nepz esi pix vu csulisoph epf emnutv et ohpusepv et vji edduapvepv.

O jeqqip vu moli Fewof Cespivv xju jet e vopz ZuaVaci djeppim epf ietz ipuahj vu gopf upmopi. Jepfgam ug tvseohjvgusxesf cuult. Emtu Depefoep xjodj emxezt tiint nusi mux liz epf vsatvxusvjz. Vjev't jot qistupe. Zua'mm emtu gopf ov onquttocmi vu nott Dufoi Tepdjib op vji ZuaVaci xusmf. Metvmz, muul gus TiesdjGapfis xjodj ot qsivvz nadj qiuqmi veloph vji NCE eqqsuedj vu edraotovoup. Cov ug uwislomm vu nz nopf, cav vji raitvoupt cioph etlif esi xusvj duptofisoph. Ov't nusi ug e djiequ qsowevi iraovz eqqsuedj vjep tunivjoph zua'f ci fuoph.

Muul ev MUVT ug fiem. Vjisi't pu satj xovj epz ug vjot. Ecuwi emm imti - dewiev inqvus.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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