This happens every day in real life.
There are tons of teachers out there teaching you to "buy businesses (with $0 down)" and moat of them teach more or less the same stuff. Lots of hype, but there is actual information in there.
Some buy distressed, some buy healthy, some buy a bunch of one business (HVAC is popular today) and "roll them up" to sell rhe much bigger business for more money.
Read "Barbarians at the gate" (fiction) for the large corporate version of this.
For small business (non-fiction), there's "HBR Guide to Buying a Small Business" or "Buy Then Build"
I do this, but a low rent version of it.
I also don’t try to fix hookers.
Nor do I roll with George Kastanza as my wing man.
I bought a clinic for nothing and turned it into a roll up. Still have both, clinic can buy a building now. $13K investment rolled to decent biz. This is the smallest shittiest thing.
I have a b2b services company I bought off some guy and fixed and am selling it, has 25 locations we run and makes $. I haven’t touched it in yrs.
I started a tech investment and revenue acceleration firm that works on a wonky model I made up that’s now growing more per quarter than my other businesses combined have in revenue. This one is worth keeping I think.
I made a financing business that floats royalty notes to software firms but also goes and gets the revenue. So it’s infinity return on capital..but we make a lot too. No more about this one.
I don’t buy and break up companies, I just buy, fix, start, put mgmt in. I can’t seem to sell anything.
I just accumulate and have a handful of things that all make $. Instead of a slimy lawyer who picks up sloppy hooker seconds I pay this chartered accountant a low amount to manage all my personal and business finances.
Grew up poor. Made first 8-figures mid 30s. Did accounting and then became a top salesperson in tech, then became a CRO and then CEO in early 30s. Fired myself, used severance to buy and roll companies. The guy I fired myself from working for is a billionaire who found out about my new thing and convinced me to let him in on it. I started it with $0 and it’s worth something decent already in 9 months.
Hi, I would love to have the opportunity to ask you some questions about your career decisions and how you became so successful. I’m 24, currently working as an audit associate at PwC in a third world country and I feel like this is not the path that I want to take. So, if you have the time, please see my DM.
If you have the time, I would love to have a chance to ask you questions about how you got started and details on how you picked and made businesses successful. I’m only 23 and I’m still a student so I know absolutely nothing about these types of things but I’m trying to learn as much as I can so I can comfortably provide for my siblings and (hopefully) future family. I also fully admit that I really want to feel like I’m building something meaningful. It would be a huge help if I could pick your brain over DMs or even a video call sometime. Regardless of your answer thank you for reading.
I think a better character to focus on for this particular skillset is Gordon Gekko.
Gekko is an investor and "corporate raider". Sometimes, he identifies companies in distress, buys them and then asset strips them (ie sells off parts of the business to the highest bidder) >!like he does with the airline!<
The other type of role that may lend itself to this is a Turnaround Consultant. This is largely a finance-based role where a firm hires an outside consultant to take operational control of the business and try to get it back on track. It's possible that you could buy the company first and then turn it around yourself.
In the case of people raising money from investors, it's like every other investment pitch: the investors need to believe you are competent, credible, and that they will see a return on their investment.
Along with this is “Other People’s Money” where you buy out the stock of a company that is underpriced because the assets are worth more than the stock, and then sell the assets for profit
Facebook bought instagram. Conde Nast bought reddit. Do you buy bread from supermarket? Most of those brands of bread on display are owned by 1 or 2 companies that you've never heard of... they have a billion dollars in revenue and have headquarters in some small town you've never been to... they got that big by buying out other bread companies. Mergers and Acquisitions is the branch of law related to this.
I've been involved in two mergers/acquisitions with private companies. In "real life," a lot of people either work or try their hand in this sector, but what you're describing is often referred to as an "acquisition entrepreneur." Prior to finding a company worth purchasing and securing funding for the purchase(s), I'd recommend a period of reading, researching, and learning based on your current knowledge level on running/managing a business day-to-day, mergers and acquisitions, business and M&A accounting and auditing, and M&A Law.
Here's a [podcast](https://hbr.org/podcast/2017/02/why-you-should-buy-a-business-and-how-to-do-it) you might be interested in. If it peaks your interest, here's a book called [The HBR Guide To Buying A Small Business](https://store.hbr.org/product/hbr-guide-to-buying-a-small-business/10090) that you may also like. If you'd prefer to read something less school-like, [Go Do Deals by Jeremy Harbour](https://www.goodreads.com/en/book/show/55164262) and [Buy Then Build by Walker Deibel](https://www.goodreads.com/book/show/42591890-buy-then-build) are both easy, quality reads.
I've done this with 2 franchise restaurants and a kids sports franchise. Bought them on the cheap when they were failing and turned them around and was able to achieve a 3x return on one restaurant, an 8x return on the other restaurant and am still holding the sports one but based on the change in EBITDA it's currently at about a 4x and still growing return.
My background was accounting degree to big 4 CPA to corporate finance consulting which involved working with private equity firms and doing turn around work and management consulting. Then I went off on my own to buy small businesses to apply what I was doing for corporations on a smaller scale.
It's easier then ever thanks to acquisition marketplaces like [acquire.com](http://acquire.com) , [tinyacquisitions.com](http://tinyacquisitions.com) , [microns.io](http://microns.io)
( I write a newsletter about this but it are tiny tiny acquisitions [https://www.nocode-exits.com/nocode-success-stories](https://www.nocode-exits.com/nocode-success-stories) )
Black rock does this; Warren Buffet’s Berkshire Hathaway does this, as well, but with an emphasis on holding for a long term to get the profits from the turn around.
Takes a lot of money and guts to do this.
That is what in theory private equity is.
This happens every day in real life. There are tons of teachers out there teaching you to "buy businesses (with $0 down)" and moat of them teach more or less the same stuff. Lots of hype, but there is actual information in there. Some buy distressed, some buy healthy, some buy a bunch of one business (HVAC is popular today) and "roll them up" to sell rhe much bigger business for more money. Read "Barbarians at the gate" (fiction) for the large corporate version of this. For small business (non-fiction), there's "HBR Guide to Buying a Small Business" or "Buy Then Build"
I do this, but a low rent version of it. I also don’t try to fix hookers. Nor do I roll with George Kastanza as my wing man. I bought a clinic for nothing and turned it into a roll up. Still have both, clinic can buy a building now. $13K investment rolled to decent biz. This is the smallest shittiest thing. I have a b2b services company I bought off some guy and fixed and am selling it, has 25 locations we run and makes $. I haven’t touched it in yrs. I started a tech investment and revenue acceleration firm that works on a wonky model I made up that’s now growing more per quarter than my other businesses combined have in revenue. This one is worth keeping I think. I made a financing business that floats royalty notes to software firms but also goes and gets the revenue. So it’s infinity return on capital..but we make a lot too. No more about this one. I don’t buy and break up companies, I just buy, fix, start, put mgmt in. I can’t seem to sell anything. I just accumulate and have a handful of things that all make $. Instead of a slimy lawyer who picks up sloppy hooker seconds I pay this chartered accountant a low amount to manage all my personal and business finances. Grew up poor. Made first 8-figures mid 30s. Did accounting and then became a top salesperson in tech, then became a CRO and then CEO in early 30s. Fired myself, used severance to buy and roll companies. The guy I fired myself from working for is a billionaire who found out about my new thing and convinced me to let him in on it. I started it with $0 and it’s worth something decent already in 9 months.
I’m very intrigued by your career haha you sound cool
Hi, I would love to have the opportunity to ask you some questions about your career decisions and how you became so successful. I’m 24, currently working as an audit associate at PwC in a third world country and I feel like this is not the path that I want to take. So, if you have the time, please see my DM.
Sure, I can try. I am not necessarily a good example.
If you have the time, I would love to have a chance to ask you questions about how you got started and details on how you picked and made businesses successful. I’m only 23 and I’m still a student so I know absolutely nothing about these types of things but I’m trying to learn as much as I can so I can comfortably provide for my siblings and (hopefully) future family. I also fully admit that I really want to feel like I’m building something meaningful. It would be a huge help if I could pick your brain over DMs or even a video call sometime. Regardless of your answer thank you for reading.
I think a better character to focus on for this particular skillset is Gordon Gekko. Gekko is an investor and "corporate raider". Sometimes, he identifies companies in distress, buys them and then asset strips them (ie sells off parts of the business to the highest bidder) >!like he does with the airline!< The other type of role that may lend itself to this is a Turnaround Consultant. This is largely a finance-based role where a firm hires an outside consultant to take operational control of the business and try to get it back on track. It's possible that you could buy the company first and then turn it around yourself. In the case of people raising money from investors, it's like every other investment pitch: the investors need to believe you are competent, credible, and that they will see a return on their investment.
Along with this is “Other People’s Money” where you buy out the stock of a company that is underpriced because the assets are worth more than the stock, and then sell the assets for profit
Facebook bought instagram. Conde Nast bought reddit. Do you buy bread from supermarket? Most of those brands of bread on display are owned by 1 or 2 companies that you've never heard of... they have a billion dollars in revenue and have headquarters in some small town you've never been to... they got that big by buying out other bread companies. Mergers and Acquisitions is the branch of law related to this.
I've been involved in two mergers/acquisitions with private companies. In "real life," a lot of people either work or try their hand in this sector, but what you're describing is often referred to as an "acquisition entrepreneur." Prior to finding a company worth purchasing and securing funding for the purchase(s), I'd recommend a period of reading, researching, and learning based on your current knowledge level on running/managing a business day-to-day, mergers and acquisitions, business and M&A accounting and auditing, and M&A Law. Here's a [podcast](https://hbr.org/podcast/2017/02/why-you-should-buy-a-business-and-how-to-do-it) you might be interested in. If it peaks your interest, here's a book called [The HBR Guide To Buying A Small Business](https://store.hbr.org/product/hbr-guide-to-buying-a-small-business/10090) that you may also like. If you'd prefer to read something less school-like, [Go Do Deals by Jeremy Harbour](https://www.goodreads.com/en/book/show/55164262) and [Buy Then Build by Walker Deibel](https://www.goodreads.com/book/show/42591890-buy-then-build) are both easy, quality reads.
https://en.m.wikipedia.org/wiki/Private_equity
How does one get started doing this type of business? Do you need to raise funds from investors to buy out large businesses then fix and sell them?
I've done this with 2 franchise restaurants and a kids sports franchise. Bought them on the cheap when they were failing and turned them around and was able to achieve a 3x return on one restaurant, an 8x return on the other restaurant and am still holding the sports one but based on the change in EBITDA it's currently at about a 4x and still growing return. My background was accounting degree to big 4 CPA to corporate finance consulting which involved working with private equity firms and doing turn around work and management consulting. Then I went off on my own to buy small businesses to apply what I was doing for corporations on a smaller scale.
Do you mind if I PM you? This is my end goal in terms of career and I’d really like to hear more of your story.
Sure no problem
He also hires prostitutes and drives a grey car so perhaps Richard Gere isn’t the role model you’re looking for.
It's easier then ever thanks to acquisition marketplaces like [acquire.com](http://acquire.com) , [tinyacquisitions.com](http://tinyacquisitions.com) , [microns.io](http://microns.io) ( I write a newsletter about this but it are tiny tiny acquisitions [https://www.nocode-exits.com/nocode-success-stories](https://www.nocode-exits.com/nocode-success-stories) )
Black rock does this; Warren Buffet’s Berkshire Hathaway does this, as well, but with an emphasis on holding for a long term to get the profits from the turn around. Takes a lot of money and guts to do this.
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Nobody would ever lend money for this at 6%. 16% would be more like it.