Walker Deibel, author of the book “Buy then Sell: How Acquisition Entrepreneurs Outsmart the Start-Up Game” shares the value of buying e-businesses. Through his experience, he has co-founded 3 start-ups and acquired 7 companies, which includes a business from Quiet Light Brokerage before becoming one of its advisors.
WHAT YOU'LL LEARN
- How Deibel got started in the Buying Game
- Drivers for Buyers
- Effect of the SBA in the Buying Market
- The Importance of the Business “Story”
- Levers to Move in Buying a Business
- Mistakes people make in selling
- Reasons why Buying Deals Don’t Push Through
KEY NOTES
- Data show that the success rate of entrepreneurs buying existing business is at 98% as opposed to those starting from scratch.
- SBA funding provided opportunity cash-based loans which no longer required having physical assets to secure a loan.
- An insightful buyer would not only look for the growth opportunity of the business, but also the optimization opportunities given the buyer's particular skill set.
- Selling different e-businesses is easier if they are the same niche. Thus, it is important to have a rationale for buying businesses.
- The story of the business allows the buyer to understand better the business beyond the financial or operational performances.
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