How to Buy a Business Without Spending Any of Your Own Money
Enter our Week of Gratitude Giveaways kicking off November 23rd over on our Instagram: @cubicletoceo
There are over $800 worth of prizes up for grabs and we're picking a new winner each day!Thanks to our friends at Flodesk, Baxter Blue (use code "ELLEN" to save 10%) and The Merchant Solutions for supporting this show and our community by generously donating awesome prizes for you all! Stay tuned on our IG!
Carl Allen has spent 28 years facilitating over 330 business deals worth close to $48 billion, and now devotes his time to helping thousands of people all over the world venture into entrepreneurship by BUYING small businesses without using a dime of their own money.
Keep listening to learn the 3 questions you need to ask to evaluate if a business is worth buying, how you can fund your purchase without spending your own money, and what every entrepreneur at the beginning of their journey needs to know. And for all my fellow bookworms out there, be sure to check out Carl’s book, Zero Down Business Buying Secrets, for a deeper look at what he shares with us today. He was kind enough to give our community a special deal, so go claim your copy for less than $5 at trainwithcarl.com/cubicletoceo!
Connect with Carl:
Favorite Takeaways From This Episode:
- Books every entrepreneur should read.
- Just because you are good at what the business does, doesn't mean you should run the business.
- You don't need money to buy a company.
- What it means to be an owner investor.
- The 4 primary methods of deal organization.
- Before buying a business, seek advice from professionals for detailed evaluations and financing insight.
- The 3 questions to ask yourself before buying a business.
- The difference between SBA and bank loans.
- What every entrepreneur at the beginning of their journey needs to know.
What Did You Think?
What was your biggest takeaway from this episode? Leave a comment below.
-----
Are we not email friends yet? Make sure you download my income report at ellenyin.com for my "6 figures in 6 months" case study for a transparent look at how I made $102,721.44 in a 6 month time span in 2019!
If you enjoyed today's episode, please:
- Post a screenshot & key takeaway on your IG story and tag me @missellenyin & @cubicletoceo so I can repost you.
- Leave a positive review on Apple Podcasts
- Subscribe for new episodes every Monday
-----
FREE RESOURCES:
Service-based entrepreneurs, are you tired of being on the content hamster wheel + hustling for more followers without more income? I created a FREE, on-demand training just for you on how to use my step-by-step client attraction system to create your first $10K month, WITHOUT a large audience or complicated marketing strategies! Claim your bonus gift by watching now: ellenyin.com/getclients
