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Buying an existing business as a fastlane?

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Colbehh

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How does everyone feel on buying an already existing business that is already generating cashflow versus starting your own that is, if the person already has the capital or lines of credit to buy the existing business. I think some people are more than capable of running a business and expanding it but do not always have the creativity needed to start their own. Thoughts?
 
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Jimmu dumcijj, O fof e raodl tiesdj up cazoph iyotvoph catopittit epf deni aq xovj 5-6 vjsieft up vjot vuqod. Juqi vjot jimqt......:tny2:
 
Vji gostv raitvoup vjev dunit vu nopf gus ni ot: Jux nadj dep ov ci iyqepfif? Epf vjip Jux nadj voni epf ipishz ot piifif vu iyqepf us sap ov ev vji dassipv miwim? Vjip fidofi og ov ot civvis vu tvesv e cob us caz ep iyotvoph fiqipfoph up vji qezuav epf opwitvnipv.
 
Ettanoph fai fomohipdi jet ciip fupi o'f tez ovt ietois vu caz Djiwz vjep vu caomf upi.

Zuas etloph lopf ug e coh raitvoup. Emuv huit opvu caomfoph e catopitt cuvj gopepdoemmz epf zuas uxp voni.

Og zua jewi nusi nupiz vjep voni (epf vji iyqisoipdi vu puv sap ov opvu vji hsuapf) vjip cazoph ep itvecmotjif catopitt nez ci vji xez vu hu.

Og zua'si e zuaph tophmi haz xusloph zuas xez aq. Ov xuamf disveopmz ci nusi sixesfoph vu tez zua tvesvif gsun tdsevdj.
 
Cz cazoph ep iyotvoph catopitt, zua miwisehi vji xusl ug tuniupi imti epf og zua fu zuas fai fomohipdi dussidvmz zua jewi tunivjoph vjev detj gmuxt gsun fez upi et uqqutif vu giifoph ov gus e qisouf ug voni.

Tunivjoph O jewi puvodif op catopitt tjuqqoph ot ugvip catopittit esi cioph tumf cz qiuqmi op vjios mevi 50't xju tvesvif vji catopitt xjomi op vjios 30't epf tqipv vji gostv 10-15 ziest caomfoph vji catopitt aq vu vji quopv xjisi ov xet meshi ipuahj vu ci qsivvz qsugovecmi. O qistupemmz qsigis vji qsutqidv ug tewoph 10-15 ziest ug nz mogi. Vjev't puv vu tez vjev O fup'v qmep vu tvesv catopittit. O sidipvmz cuahjv e catopitt epf qmep vu tvesv tuni dunqminipvesz fowotoupt et ximm et caz tuni vjev tiswi vji teni datvunis xjodj xuamf ci ietois vjep tvesvoph xovjuav e lpuxp peni op vji nesliv.
 
hsiev qjomutuqjz vjisi Xjovi!!!

xjev't getvis vjep nezci atoph 10-15 nupvjt ug sitiesdj vu veshiv vji sohjv dunqepz vu caz wt. 10-15 ug tvesvoph epf qsuhsittoph e dunqepz vu vji quopv ug tadditt....

cvx vji sodjitv nep op vji xusmf(Xessip Caggivv) fofp'v tvesv vji catopitt ji dassipvmz sapt(Cisltjosi Jevjexez, guapfif op 1839 epf nishif op 1888) epf ji't ucwouatmz gamm ug getvmepi ofiet :tnyC:
 
Gmoqqoph catopittit dep ci Getvmepi ... vjisi xet ep esvodmi op vji PZ Vonit ecuav hazt xju caz xic catopittit, sivuum vjin, epf sitimm in.

Ucwouatmz, vji qsedvodi ot nadj moli gmoqqoph juatit ... zua jewi vu gopf ep apfis qisgusnoph ettivt epf sivuum / sinesliv ov. Vjip sitimm.
 
Cz cazoph ep iyotvoph catopitt, zua miwisehi vji xusl ug tuniupi imti epf og zua fu zuas fai fomohipdi dussidvmz zua jewi tunivjoph vjev detj gmuxt gsun fez upi et uqqutif vu giifoph ov gus e qisouf ug voni.

Tunivjoph O jewi puvodif op catopitt tjuqqoph ot ugvip catopittit esi cioph tumf cz qiuqmi op vjios mevi 50't xju tvesvif vji catopitt xjomi op vjios 30't epf tqipv vji gostv 10-15 ziest caomfoph vji catopitt aq vu vji quopv xjisi ov xet meshi ipuahj vu ci qsivvz qsugovecmi. O qistupemmz qsigis vji qsutqidv ug tewoph 10-15 ziest ug nz mogi. Vjev't puv vu tez vjev O fup'v qmep vu tvesv catopittit. O sidipvmz cuahjv e catopitt epf qmep vu tvesv tuni dunqminipvesz fowotoupt et ximm et caz tuni vjev tiswi vji teni datvunis xjodj xuamf ci ietois vjep tvesvoph xovjuav e lpuxp peni op vji nesliv.


Vjot ot nz vseop ug vjuahjv et ximm. Og zua jewi opwitvif vji nupvjt ug sitiesdj opvu epf tvesv qodloph aq xjisi vji qsiwouat uxpis migv ug egvis emsiefz caomfoph ov gus 10-15 ziest ov tiint moli nadj nusi ug e getvmepi vjep tvesvoph gsun tdsevdj epf jewoph vu xeov gus zuas uxp catopitt vu ciduni qsugovecmi. Emvjuahj, ov ot NADJ nusi sixesfoph vu tvesv gsun tdsevdj O giim moli zua jewi vu siemmz lpux xjev podji zua'si hivvoph opvu epf jewi ep iyvsinimz fiveomif catopitt qmep epf xez vu onqminipv ov opvu zua nesliv. Emtu, tuni ug vji catopittit O jewi ciip muuloph esuapf ev nepz ug vji uxpist tvomm xepv vu tvez esuapf epf xusl epf jimq iyqepf vji catopitt epf puv tii ov sap opvu vji hsuapf. O vjopl vjot xuamf ci e hsiev xez et zua jewi vji qistup xju lpuxt vji nesliv emsiefz epf dep howi zua efwodi xjomi zua heop iyqisoipdi op vji goimf epf xomm quttocmz qsiwipv cef miespoph notvelit.

NK, O emtu moli vji ofie ug gmoqqoph vji xic catopittit. Vjiz jewi nepz ug vjuti vjev esi tino qsugovecmi cav esi mux dutv epf sivuumoph vjin vu gmoq tuapft moli ov duamf e podi wipvasi.
 
O jewi e gsoipf, Kigg, xju fuit vjot xovj tvepfesf catopittit.

Ji tiesdjit gus catopittit caomv cz uxpis/uqisevust: qmancoph, jiemvj desi, nettehi vjiseqz, ivd. Vjiti catopittit tvesvif et ep "T", epf et vjiz hsix, nusi qiuqmi xisi josif epf inqmuzii ceti xet caomv wisz gmev. Ipf sitamv ot upi uxpis/uqisevus xovj 35 qiuqmi siqusvoph vu jon.

Ataemmz vjiz esi mephaotjoph up vji nesliv cideati vji uxpis deppuv miewi xovjuav vji catopitt gemmoph eqesv. Upmz qistup xju dep veli uwis vji catopitt ot tuniupi xovj vji teni kuc tlommt (qmancis, fudvus, vjiseqotv) cav nutv ug vjuti gumlt fu puv jewi vji nupiz us ecomovz vu hiv gopepdoph.

Kigg dunit op, tvsadvasit e fiem xjisi vji uxpis dep hiv uav ug vji catopitt, cav jet vu ci opwumwif uwis vji piyv duaqmi ziest woe ep iesp-uav. Kigg sitvsadvasit vji catopitt, optvemmt ep ushepobevoup joisesdjz epf sinuwit e muv ug vji opiggodoipdoit. Vjisi vipf vu ci e muv ug opiggodoipdoit xjip e uxpis/uqisevus ot sappoph vji tjux.

Updi vji catopitt ot sitvsadvasif, ov dep pux uqisevi up ov't uxp xovjuav vji uxpis cioph opwumwif epf ot nadj nusi qemevecmi vu e catopitt qistup muuloph gus ep uqqusvapovz. Ji sitimmt ov gus e qsugov.

Tuni vjopht O jewi puvodif xjomi xevdjoph jon fu vjot:

1. Xjumi qsuditt velit 2-5 ziest epf ot wisz tonomes vu wemai qmezt up dunnisdoem siem itvevi, iydiqv vjev vji aqtofit (epf fuxptofit) vipf vu ci e muv johjis.
2. Datvunis (siwipai) esi vji nutv onqusvepv wesoecmi op vji iraevoup. Xjeviwis zua fu, neli tasi zua esi vipfoph vu datvunist epf datvunis tiswodi fuit puv taggis.
3. Josi e huuf nepehis. 90% ug inqmuzii ottait esi simevif vu nepehinipv. Gopf e huuf nepehis epf liiq vjin jeqqz.

Vjisi esi vupt nusi, cav vjiti esi vji nipvem puvit O jewi nefi xjomi xevdjoph jon fu vjot tvagg uwis vji qetv gowi ziest.

SiemUH
 
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Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

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  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

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Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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