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!