Tag: starting a business

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Entrepreneurship

004: Buying And Selling Businesses – Why, When and How

If you would like to start a business but would rather not start from scratch, buying an existing business is the best option for you. While it may cost a little more upfront, there is far less risk involved. 

For this week’s episode, Carl and Peter get into the details of the advantages of buying an existing business, franchising and things to consider when buying a business.

IN THIS EPISODE, YOU’LL FIND OUT…

  • Why buy a business? (3:23)
  • Objections when buying a business (4:21)
  • Is franchising starting a business? (5:09)
  • What business should you consider? (9:08)
  • What are your prior considerations before looking for a business to buy (11:00)
  • Vendor finance (18:52)
  • Three negotiation points (20:23)
  • How to open a conversation with the business owner (26:14)
  • The integration phase (35:04)
  • Final things to consider when buying a business (44:58)

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Categories
Entrepreneurship

003: What We Would Do If We Started Again

What would you do if you were given the chance to start your entrepreneurship journey again from zero? 

If you were presented with the choice to start again knowing what you’ve learned from the past, would you build a business or acquire an existing one? 

Whether you were starting from scratch after a business failure or starting a new business alongside a current business, beginning again opens up endless opportunities for the business and for yourself. 

But deciding the path to take can be complicated. 

In this week’s episode, Carl and Peter break down what they would do if they were starting again in business and what they would do differently.  They also break it down to the different stages of their start-up.

IN THIS EPISODE, YOU’LL FIND OUT…

  • The advantage of starting a business while you’re young (4:40)
  • How a financial collapse should strengthen your relationships (6:43)
  • Starting a business from zero (8:04)
  • Getting past your failures (10:20)
  • The first 12 months after start-up (11:30)
  • Acquiring an existing business  (14:02)
  • Requirements for starting a second business (16:39)
  • Designing the life that you really want (20:24)
  • Connecting with yourself to understand what is really important to you (21:47)
  • An important aspect to starting again entails lifestyle design (22:45)
  • Understanding the journey of your past for better context in the present (25:53)
  • Frameworks to use when starting again (27:16)
  • Would you change something if everything is perfect? (30:25)

DISCOVER MORE
The Work by Byron Katie (27:50)

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