Entrepreneurialism
Buy A Business With This Secret Tactic-And You'll Never Have A Problem Getting Financing
I am always railing about how the best way to buy a business is to (a) buy a business worth a million dollars or more and (b) use investors -- as opposed to banks, lenders, etc -- to finance that business.
But one thing I rarely talk about is the investor's point of view. Why this works out so well for investors and why they are more than willing to help you if any problems come up with that business.
Listen: I talk with and work with investors all the time. It's the only way I buy businesses anymore. And I can tell you right now, if you were to sit down with the average investor I deal with and ask him what his biggest concern is when it comes to buying businesses, he would tell you he doesn't have any complaint other than he doesn't see enough deals.
It's true. You see, there?s a lot of money out there, but very few projects being worked. In other words, there are actually more investors out there than there are people bringing them good businesses to invest their money in, and they wish there were MORE deals.
And this is no mystery when you do the numbers. Because on the average business we buy, for example, the return on their money will be 25-33 percent. That's a LOT better than anything they'll get investing in the stock market or even in real estate. And the risk is extremely low, too.
And this is good news for you because this mean they have a vested interest in the businesses they invest in. Which is why if, for example, you buy a business using investors, they'll stick with you. If something goes wrong, most of the time (if not all the time) they will come in and solve the problem.
Ask any banker or lender if they'd be willing to do that for you!
Bottom line: If you're going to buy a business, you should put some serious thought into using investor financing. Mainly because (1) they are already looking for you and (2) your chances of succeeding are way higher than if you use any other sort of financing.
Arthur B. Hamel has bought over 200 businesses in the past 50 years, and is a well-known author, consultant, investor, business owner, and dynamic lecturer who has shared the stage with such business greats as Robert Allen of "No Money Down" fame. For the past 20 years Art has taught thousands of people around the world -- even so-called "little guys" with no formal education or money -- how to quickly and easily buy large, multi-million dollar businesses with no credit, banks or prior business experience. He has recently decided to share his unique business-buying secrets and tactics free of charge at: http://arthurhamel.com
Art Hamel
Tags: buy a business, buy sell business, Franchise, business, business plan, business opportunitySimilar articles
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