| Hub You |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Entrepreneurialism > Buy A Business Like This... And It's Almost Guaranteed You'll Go Bankrupt In A New York Minute |
|
Hub You - Buy A Business Like This... And It's Almost Guaranteed You'll Go Bankrupt In A New York Minute
Great Ads: The Secret Formula , I’ll make you a bet on the next three or four that you work on you go bankrupt and you dump every one of the companies that you have.Begin With The End In MindBefore your ad can come to life, you must know what its purpose is going to be and how you are going to attract a new customer.Write down a sum Bottom line: It is way less expensive...and way less worrisome and troublesome...to go after good businesses that are alread Here's why: People come up to me all the time and ask what my best "technique" is for finding profitable but undervalued businesses to buy. And I basically tell them two things. 1.) First of all, you have to get this "undervalued business" idea out of your head. Because you’re going to find the return you get on the money you’ve invested, and time you’ve invested (and that the investors invest if you use investors), is going to be quite significant. And there's no reason to waste those resources going after under-performing businesses. 2.) And secondly, if you’re looking for "dogs" (businesses that are under-performing), you’re going to find that even if you solve that problem and you get your picture in the paper, and they put you in “Inc” magazine, I’ll make you a bet on the next three or four that you work on you go bankrupt and you dump every one of the companies that you have. Bottom line: It is way less expensive...and way less worrisome and troublesome...to go after good businesses that are alread Here's why: People come up to me all the time and ask what my best "technique" is for finding profitable but undervalued businesses to buy. And I basically tell them two things. 1.) First of all, you have to get this "undervalued business" idea out of your head. Because you’re going to find the return you get on the money you’ve invested, and time you’ve invested (and that the investors invest if you use investors), is going to be quite significant. And there's no reason to waste those resources going after under-performing businesses. 2.) And secondly, if you’re looking for "dogs" (businesses that are under-performing), you’re going to find that even if you solve that problem and you get your picture in the paper, and they put you in “Inc” magazine, I’ll make you a bet on the next three or four that you work on you go bankrupt and you dump every one of the companies that you have. Bottom line: It is way less expensive...and way less worrisome and troublesome...to go after good businesses that are alread 2.) And secondly, if you’re looking for "dogs" (businesses that are under-performing), you’re going to find that even if you solve that problem and you get your picture in the paper, and they put you in “Inc” magazine, I’ll make you a bet on the next three or four that you work on you go bankrupt and you dump every one of the companies that you have. Bottom line: It is way less expensive...and way less worrisome and troublesome...to go after good businesses that are alread 2.) And secondly, if you’re looking for "dogs" (businesses that are under-performing), you’re going to find that even if you solve that problem and you get your picture in the paper, and they put you in “Inc” magazine, I’ll make you a bet on the next three or four that you work on you go bankrupt and you dump every one of the companies that you have. Bottom line: It is way less expensive...and way less worrisome and troublesome...to go after good businesses that are alread Bottom line: It is way less expensive...and way less worrisome and troublesome...to go after good businesses that are already making huge profits, and that are extremely easy to get investor financing for, than "dog" businesses that have lots of "potential."
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:CD Replication: Recommended Licensing Tips and Considerations Understanding the Letter of Intent (LOI) in the Sale of a Business The Three Sides of The Change Box - And The Contents of The Box
|