Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game

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He’s also an active investor in private companies and real estate, a Emmy-nominated film producer, and currently owns companies in manufacturing, online education, and eCommerce. Using the assets of the companies as collateral, I used the cash flow to pay my team, build equity, create new product offerings, and build new software. Banks will offer leverage against the collateral the business provides, which means that you just saved one to two years of trying to raise money instead of running a business. It’s meant to be the resource that I needed when I started, so I could skip the startup phase, gain confidence, and move right into ownership of a profitable company.

If entrepreneurs are investing the money anyway, why wouldn’t they acquire something already established to begin with? Also, I wish the author went into more detail in how to find target companies in practice and spent some time discussing the details of acquisitions/exits he has been involved with.years from now, I think “acquisition entrepreneurship” will be as common as going to a MBA program is today.

Moreover, this book doesn't get very deep into the nuts and bolts of valuing companies, but this shouldn't justify a lower rating (as given by other readers).It taps into all areas of the business, including legal, financial, commercial, information technology, employment, and environmental aspects to identify any potential risks. baby boomers are retiring daily, and many of them have small businesses that need a new owner, and have growth potential. Louis where he received the Declaration of Accomplishment in Entrepreneurship award from the Skandalaris Center of Innovation and Entrepreneurship, eventually introducing an Acquisition Entrepreneurship course as an adjunct professor. One of the most interesting investment opportunities I’ve seen in the last few years is acquiring and growing a small business.