G
GuestR401x3
Guest
I am currently reading a book called "Buy than Build" by Walker Deibel and wanted to hear your thoughts on this.
He says in the book that you can buy an existing company for very little down, and you will have a lot higher chance of success than starting a business from scratch.
According to Deibel starting a business from scratch has a 1 out of 10 chance of success. But by buying an existing company you own an asset with a proven product, paying customers, employees, and brand awareness. You pretty much skip the growing pains.
Because you are a fresh mind and an entrepreneur after acquiring a business that is often running on legacy systems, you can do a lot to improve profit. You can improve operations, decrease cost, increase prices, improve sales and marketing, etc.
What do you think, is buying a business rather than starting from scratch a better way to start your entrepreneur journey?
He says in the book that you can buy an existing company for very little down, and you will have a lot higher chance of success than starting a business from scratch.
According to Deibel starting a business from scratch has a 1 out of 10 chance of success. But by buying an existing company you own an asset with a proven product, paying customers, employees, and brand awareness. You pretty much skip the growing pains.
Because you are a fresh mind and an entrepreneur after acquiring a business that is often running on legacy systems, you can do a lot to improve profit. You can improve operations, decrease cost, increase prices, improve sales and marketing, etc.
What do you think, is buying a business rather than starting from scratch a better way to start your entrepreneur journey?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
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?
