Forget Starting a Business, Do This Instead | Ep. #665

Nomzy Stholly

6 min

Investing & Markets

Description

In episode #665, Eric and Neil tell you what you should do instead of starting a business. Tune in to hear why you don’t have to start your own business. TIME-STAMPED SHOW NOTES: <ul> <li>[00:27] Today’s Topic: Forget Starting a Business, Do This Instead</li> <li>[00:46] Neil thinks starting a business is one of the hardest things to do. It is far easier to buy a business.</li> <li>[01:25] Buy a company and grow it.</li> <li>[01:48] <a href= "https://incomestore.com/">Income Store</a> has over 800 websites. They buy other websites and promise a return to their investors.</li> <li>[02:09] They brought in $28 Million last year.</li> <li>[02:29] If you think you can’t afford to buy a business, you can always do cellar-based financing where you pay a monthly fee.</li> <li>[02:53] You can do a lot of creative things to cut costs and improve profits.</li> <li>[03:05] You can also only buy a portion of the company and include a clause where you can buy them out in the future.</li> <li>[03:34] <a href= "https://feinternational.com/">FE International</a> has great content about buying businesses.</li> <li>[03:45] <a href= "https://www.bizbuysell.com/buy/">Buy Biz Sell</a>, <a href= "https://flippa.com/"><sp

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Episodes

Forget Starting a Business, Do This Instead | Ep. #665

Nomzy Stholly

6:31