S2E003: How To Buy A Business Using Its Own Cash Part One

s2e-ep-003

Got questions about buying a business? Meet Army Veteran, International Best-Selling Author  and Venture Capitalist, Mike Warren who buys businesses using their own cash. Businesses that are more profitable than franchises. 

In this episode (Part 1 of 4) Mike joins us to chat about how he buys privately owned companies that are more profitable than franchises:

  • without any of his own money
  • without giving any personal guarantees
  • without qualifying for anything

….and then triples their profits in as little as 12-18 months and resells them for top dollar. It’s like flipping real estate….but much more profitable.
Latest books from Mike Warren:

  • The EXIT Formula: How To Sell Your Business For 3x More Than It’s Worth Today
  • Guerrilla Credit: Learn the Unconventional Ways to Get Cash for Your Business Today (with Jay Conrad Levinson)

IN THIS EPISODE YOU’LL LEARN

  • How he buys a company, grows it and resells it
  • Alternative ways to get your financing
  • Strategies he uses to make a company grow in any industry
  • Why he avoids the franchise model
  • How the franchise model is like leveraging everything you own just to buy into a low paying job
  • How to avoid the one type of customer that is 7 times more expensive than others
  • The one person who is 20 times more likely to buy from your business that almost every entrepreneur ignores

LINKS AND RESOURCES MENTIONED IN THIS EPISODE:

Guerrilla Credit: Learn the Unconventional Ways to Get Cash for Your Business Today (with Jay Conrad Levinson) https://www.amazon.com/Guerrilla-Credit-Learn-Unconventional-Business/dp/0985758147

The EXIT Formula: How To Sell Your Business For 3x More Than It’s Worth Today https://www.amazon.com/EXIT-Formula-Business-Worth-Today/dp/1508836019

 

Thanks so much for joining us this week. Have some feedback you’d like to share? Leave us a review on iTunes!

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