Learn how you can build your empire by buying businesses using other people's money.
Nick Bradley
Business Mentor For 7 & 8-Figure Entrepreneurs | Private Equity + M&A Expert | Follow For Posts On Growth, Leadership & Personal Development
I want to share something with you that I’ve learned through the past 20 years of buying, scaling, and selling businesses for a living.
By selling my first company at age 21, I started out thinking that business growth could and should primarily happen through more marketing, more sales, or via new product/service revenue streams. But now, 25 years and a total of $5bn transactions later, I know that expanding through acquisitions and partnerships is a much more powerful and impactful approach.
I constantly work with clients that are looking to buy their first business, be that to enter the world of entrepreneurship or to add a company to their existing portfolio, but don’t think they are in a position to do so because they believe that buying a business ...
? Requires having millions $$$ in their bank account
? Requires huge lines of credit
? Requires a network in Private Equity or Venture Capital
? Is hard to do because of the lack of deal flow
? Has to be done with all the money down upfront
It’s simply not the case.
I’ve been buying, scaling, and selling businesses for over two decades, both with Private Equity firms and later under my own businesses, and I’ve learned that:
1?? - There are several different financing options available in the market OTHER than your own money down up front! In fact, I have bought a number of businesses over the last 12 months with less than $25k down, through what is called ‘seller financing’. And all of these were good, profitable companies.
2?? - There are so many businesses for sale right now ... and the number is increasing! When I opened up to the possibility of looking at small-to-medium sized, profitable businesses, instead of the fast-growth (but often unprofitable) tech companies, suddenly there were opportunities everywhere … with owners that were looking to get out. Forbes Magazine, as a matter of fact, called it “The Perfect Storm” in 2020, with ‘baby boomers’ reaching retirement age and having no one to pass their business onto.
3?? - That building and scaling a business that already has the foundations in place is so much easier than having to start a company from the ground up, and spend the first few years just developing products or services and building to that momentum of profitability. Did you know that 8/10 new businesses don’t make it past 3 years? It’s a true and troubling statistic.
??- It’s actually not that complicated - just a few days ago I had a chat with a former client that, back in August 2020, was facing his business closing due to Covid-19. So his options were, in his own words, “I don’t have the time to start a new business, so either I buy a business, or I go back to taking a job. And the latter is not an option”. He had never bought a business before so had little idea about where to start or how to do it. But he attended one of my group mentoring sessions on ‘How to Buy a Business’, and went out and bought his first one in less than 7 days after the course ended. Yes, just 7 days! All things signed and finalized. ??
I was almost dumbstruck by how fast it happened for him, and needless to say that that example is not the average. But he took what he learned, applied it, took massive action, and there he was - the owner of an established, profitable business, with very little money down to acquire it. Amazing, really, when you think about it! ??
In the last few weeks I have been absolutely overwhelmed by business owners and entrepreneurs that want to learn how to buy businesses and leverage the opportunity in the market right now. And currently that is = 1,900 new businesses available in the market every day, and only 11% being sold! ??
?? So, because of the huge interest and so many people wanting to learn how to do this, I’ve decided to create a 5-Week LIVE Intensive Group Program on ‘How To Buy Your First Business’, starting on the 30th of March 2021. ??
I’d like to keep the group small, to ensure high value for each participant, and make sure that we have time for Q&As, and so we can dive deep into each part of the process. ??
The goal is for everyone attending to be able to go out and actually buy their first business when we’re done, within weeks.
Most of the spots are already reserved, and we work on a ‘first come, first served’ basis.
?? So if you’re interested in one of the spots, please comment below with the word “BUY” and I’ll get in touch to discuss the application process.
I’m super excited to teach this program and see the incredible results the participants will achieve from learning a proven, successful system. ????
Will you be one of the success stories? ??
realestate investor
1 年Buy
Join our 10th Anniversary at B2B Global Conference on 25th of October at Parramatta | Up to 50 exibitors | 10 plus sponsor | 200+ Attendees
2 年Nick, thanks for sharing!
Daglig Leder Sea Salt Media
2 年Very interesting stuff! How long do people usually have their new business before they decide to flipp it or sell it again?
Merger & Acquisition | Consulting For Equity | Exit Ready
3 年Nick Bradley you did mention your client bought a profitable business within 7 days.may I ask, was it a distressed business or otherwise? If otherwise, how did he structure the deal?
VP Marketing
3 年BUY Hey Nick! It looks like I missed the cut off for March, but I’m ready and raring to go for the next group!?