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Steve Shriver Podcast Ep 28 - Business Acquisition In Depth
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Contrary the popular portrayal of an entrepreneur, you don't have to START a business to become an entrepreneur. While starting your own business from scratch can seem like the safer way to go, it's a well established fact that startup businesses fail at an alarmingly high rate. The safe path to entrepreneurship is actually to purchase an existing business.
We've discussed business acquisition at a high level in the past (check out episode Ep 4 - Multi-Million Dollar Business Acquisitions). Today, we're going in depth on the financial evaluation of a small business acquisition using hypothetical cashflow statements.
We're excited to be down in the details today and encourage you to put these skills to practice NOW! Let us know what other questions arise as you explore the opportunities associated with acquiring a business.
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