Episode Details

Ace Chapman bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it and seeing the benefits in buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses.

During this show we discuss…

Why buying a business makes more sense than building one

What you should take into account when trying to buy a business

How to buy a business even if you have little to no cash using financing

How to look at multiples to make the decision to buy or not buy the business

How wo figure out what the multiple of your business is

The three groupings of people buying business… and how to know where you fit in

Whether you should or should not have experience in the industry you are buying in

How to negotiate with a seller who really needs to sell

How to find the right business or industry to buy?

And much more…