In this week's '15 Minutes To Action' episode, Nick talks about acquisition entrepreneurship - what it means, how it works, and why this might be a strategy you need to consider on your scale-up journey.
KEY TAKEAWAYS
To make real money in business, you don't do it by running a business. You make it by selling a business. This is a capital event.
Many thing that the entrepreneur journey runs from start-up to exit. But this is certainly the long way round. Start-up is not always necessary, and there is far less risk involved when you acquire and sell a business that already works.
One in ten new businesses actually succeed. Only 1% of start-ups ever make it through to gaining the funding they require.
Building a scaling a business that has a customer base and a product that sells, is far easier than beginning at year dot. Acquiring removes uncertainty.
BEST MOMENTS
'I used to think back then that business growth was about marketing and sales'
'Building freedom, wealth and impact through business acquisition is a much more powerful and lucrative approach'
'It's a life-changing moment for any business owner'
'The path is littered with the wreckage of failed start-ups'
VALUABLE RESOURCES
Scale Up Your Business – scaleup.vip/podcast
Join the free Scale Up Your Business community: scaleup.vip/community
Take the Six Peaks of Value Creation Scorecard, to measure your current business performance and show you where to focus to get to where you want to be: https://scaleup.vip/sixpeaks
ABOUT THE HOST
My name is Nick Bradley. I’m an entrepreneur, author, speaker and investor. My background is in growing and scaling VC and Private Equity backed businesses.
Having successfully built, bought and sold a number of companies, and removed myself from day-to-day operations, my focus now is on helping entrepreneurs get to where they want to be, in business and in life. As well as investing in growth businesses and backing turnarounds - with the ultimate aim of creating value from significant capital events.
I’m passionate about personal and professional development - showing up and being the best version of myself ... every day.
My bigger vision is to help bring entrepreneurial skills, experience and mindset to people in developing nations - so they can follow their dreams, live life more on their terms - utilising entrepreneurship as a global force for good.
CONTACT METHOD
Nick’s Facebook Page: https://scaleup.vip/FB
Nick’s LinkedIn: https://scaleup.vip/LI
Nick's Instagram: https://scaleup.vip/IG
Scale Up Your Business website: www.suyb.global
