68: "Buy Then Build" Your Business With Best-Selling Author Walker Deibel

Have you ever thought about buying a business? If so, today’s episode is for YOU! Walker Deibel -- author of the best-selling “ Buy Then Build ” -- is here to talk about buying businesses. Not only was Walker’s book recognized as one of the top 7 books all entrepreneurs must read, but it’s currently being used in university MBA programs around the country. In this episode, Walker walks us through why buying a business is better than building one from scratch (did you know that only 4% of companies ever exceed $1M in revenue?), why now is the perfect time to be looking for the right business to purchase and what type of businesses we should be considering buying. We then jump into the process of buying a business, how to ensure that you’re adequately represented on your side of the deal, and what you should be doing TODAY to make progress towards buying your first -- or next -- business. Make sure you listen to the end where Walker tells us the biggest mistake he sees entrepreneurs making, and the most important thing you should be doing the day you close on the purchase of your new business. Check him out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show! Links from the Show BiggerPockets BiggerPockets Business Podcast 17: Using Fear as Fuel with Alejandro Velez and Nikhil Arora, Co-Founders of Back to the Roots Back to the Roots Costco Forbes Magazine LinkedIn Square Check the full show notes here: https://www.biggerpockets.com/bizshow68 Learn more about your ad choices. Visit megaphone.fm/adchoices