eliquid
( Jason Brown )
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- May 29, 2013
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Hi,
Can someone please outline Dan Pena's system very detailed in bullet form for acquiring, financing, scaling and exiting?
I have heard him a lot on youtube but I can not see the overall process. He searches for a motivated seller and then builds a dream team etc.
But how can he be sure that the business will scale? He has to scale it otherwise the exit price would just be the same as the acquiring price.
How does he scale?
/Mr_G
Thanks for shedding some light on this.
I listen to him on youtube and also to his audiobook, but the full process is never explanied in a simple form. The book is in story-form. On youtube he does not talk much about the process itself, but more about wrestling with lions.
The idea is very smart. So the business value is increased beacuse of higher margins after merging if I understood it correctly. But if you want to merge a company, who gets paid? If you buy a company you have to pay upfront what the company makes in one year x 10. So the pooling of resources and cutting costs have to compensate for it in some way.
Yes, I have seen it. Does the video tell that Pena's model is not working?
That is not true. It is stated very clearly that this system works with no money. You have a dream team that works for you and you do not pay them upfront with money. And also, you borrow the needed money from banks, and the interest rate will be covered with cash flow, as I understood it.
Is that so. Are all mergers kind of hostile takeovers? Will the other company know beforehand about your plans to lay people off?
So he is not improving the companies in thereself? What about the biggest deal ever made by one of his mentees, a future city Neom in the deserts of Saudi Arabia:
...how did that happen, any takeovers of companies here involved? I guess it is easier to make deals with states/goverments as their spendings looks different.Saudi Arabia's Neom is a $500B futuristic city being built in the desert — but it could morph into a surveillance dystopia
Saudi Arabia has called its giga-project Neom, a new city 33 times the size of New York City, "the world's most ambitious project" — and it sounds it.www.businessinsider.com
Well
Pena is proud of what he have accomplished, and he says that pride is what drives him (and not greed). That makes me think that he does not tolerate slander. We all have something to hide, and for Pena he can hide in his CASTLE.
I watched Pena's comment on the situation in the youtube video. He said that the guy was an old mentee of his. He could not find the track record because he looked at the US stock exchange, and not the UK's. I have not investigated it myself.
Pena says that 99% of all the people that he has helpt he never even met, meaning they do not attend the seminar but take part of his material on distance.
Your number 4. "Improve it" and 5. "Sell it or expand it" comes back to my initial question.
There are already lots of businesses everywhere. If I buy a dry cleaning shop, how would I be so much better than every other existing dry cleaning shops? Why does not all existing businesses go "Pena-style" and increase their growth exponentially and sell it?
A comment to an earlier reply: Pena says that his system is based on no money, and he has mentees all over the world.
I can totaly buy that my local dry cleaning guy does not care about expanding his business or doing any visualisations and affirmations between customers, nor attending any selling course.
I guess it is the bank's money, since Pena is so much into pitching banks. But you can still do this when broke, beacuse you borrow the money.
I will have to look more into his material. I do believe that building a dream team can be helpful for anyone. And, if I am correctly, he gives them part of the business instead of paying a payroll. So this would also be in the "no money".
Well supposedly, Josh Kim's only assets were a 15 speed bicycle.
Your dream team will give you the credibility/track record. Also Pena is for "Perception is reality", meaning dressing and acting more succesfull than you reallly are.
Do you know Pena's system? Are you using it? If you are not using it, that has to mean that you either do not believe enough in yourself or do not believe in the system.
If you know Penas's system, where can I learn it? I know he has a book, but I am not sure the information is extractable from it, like, what he did was custom made for him and would not work for someone that did not wrestle with lions or was run over by a buffalo.
For someone that does not know Dan Pena ( met him, ate dinner with him, work with him, etc ) and hasn't been through his course and pretty much watches his YouTube Videos ( this is marketing used as an upsell ) and listened to his Audiobook ( again, another marketing upsell ).... You sure do defend him a lot and know more than us about how the system works.
So tell me why you want us to divulge to you in detail what you wrote in your OP -
"Can someone please outline Dan Pena's system very detailed in bullet form for acquiring, financing, scaling and exiting?"
Why be here, if you know more than us and more about Dan Pena and defend his systems so hard?
When you can assembly a Dream Team of professionals that will work for you, FOR FREE and convince banks to give you potentially hundreds of thousands or millions of dollars while broke.. then you should worry about how Dan Pena's system works.
No Dream Team pro is going to work for free ( especially if you don't have the millions from the bank yet ), and no bank is going to give you millions when you are broke ( especially if you don't have a Dream Team ).
With that, who cares how the rest of the system plays out?
You need to get to 1st base. Stop worrying about 3rd base until then.
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