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Morning all :coffee:
Just thought I'd start a discussion on creative ways to buy a business - for those with little to no money. I've looked, but there doesn't seem to be many books on the ways to buy businesses.
So, if you were young (I'm 22), and were looking at buying business ranging from, lets say $5000 (For cheap established websites) to $300,000, what approach would you take.
Can we assume minimal savings for deposits and the likelyhood of a bank loan is Zero.
Finding a partner to provide financing in exchange for a share of the business seems the best method to me? But how many people will partner with someone who doesnt have the ability to provide capital themselves... very little is my guess.
Thanks :smxF:
Just thought I'd start a discussion on creative ways to buy a business - for those with little to no money. I've looked, but there doesn't seem to be many books on the ways to buy businesses.
So, if you were young (I'm 22), and were looking at buying business ranging from, lets say $5000 (For cheap established websites) to $300,000, what approach would you take.
Can we assume minimal savings for deposits and the likelyhood of a bank loan is Zero.
Finding a partner to provide financing in exchange for a share of the business seems the best method to me? But how many people will partner with someone who doesnt have the ability to provide capital themselves... very little is my guess.
Thanks :smxF:
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