Buying a business - Masterclass
Are you thinking of getting a small business loan to buy a business? Perfect. You've come to the right place.
They don't teach this type of entrepreneurship in school. This totally jargon-free course will turn you into an acquisition genius in less than 45 minutes, helping you get a business loan to acquire a business.
6 short videos that will change your future
- Whether you're an expert or an acquisition novice, this series will give you a strong acquisition foundation.
- Learn whether its possible to get a business loan with no money down?
- Real tools you can start using today to build a strong acquisition plan
- Save yourself thousands and build real wealth with time-tested advice from one of the best acquisition minds in the industry.
Lessons by Scott Duke - Opn Road : Serial Entrepreneur and M&A Advisor
He's done it all. Started businesses. Bought businesses. Sold businesses. Got a small business loan. He lives to tell the tale. Here is the origin story of 'The Man, The Myth, the Legend' in the M&A world.
Scott is the founder of Opn Road specializing in acquisition management and deal origination for companies with revenues between $2M and $20M.
What you will learn
Lesson 1: Buy vs. Build
Start from scratch or buy a business? Hint: To accelerate your entrepreneurship journey, buying a business is faster, easier and more sustainable. It is way easier to get a business loan with something generating revenue and profit than building from scratch.
Lesson 2: Starting your search
What is the best strategy to find that perfect business? Hint: The best deals aren't listed. Our buyer search engine brings deals to your inbox
Lesson 3: Building your acquisition team
This is a team sport. Who do you need in your lineup? Hint: A lawyer is a must.
Lesson 4: Financing your acquisition
You will finance your business with equity (down payment) and debt (lending). How does it work and what are your options? Hint: You will need at least 20% down to make borrowing options work. We can help you get a business loan with our financing solutions.
Lesson 5: Making an offer
Your Letter of Intent (LOI) is a conversation starter and non-binding. What are the fundamental pieces of an LOI? Hint: Your first offer will get rejected.
Lesson 6: Due Diligence and closing
Due Diligence includes a detailed review of operations, finances and legal. Discover what each stage entails. Hint: Expect another round of negotiations.