Ep 278: Buy Businesses With ZERO Money From Your Pocket With Roland Frasier, The Scalable Company
If you want to own a business but don’t want to build one from the ground up, you can always buy an existing one. Best of all, there are ways of doing this that cost you nothing upfront.
In this episode, Roland Frasier, Co-founder and/or principal of 5 different Inc. Magazine fastest-growing companies talk about his expertise in buying businesses and how he does it without spending his own money. He also shares what consulting for equity is and how he uses his expertise to create a win-win scenario.
Listen up, business owners!
KEY TAKEAWAYS FROM THIS EPISODE
Use an entity or a company to make an acquisition. (SPV - Special Purpose Vehicle)
Know what the company wants to do with the business and if they are willing to finance what you want to do. (Deal stacking)
There are a whole lot of ways to be not personally liable on deals. You just have to know that you can do that and be creative in your negotiating.
Be part of the deal in exchange for the value you bring.
Build relationships with highly qualified people.
Recommended Tool: Riverside.fm
Recommended Podcast: Philosophize This
https://www.philosophizethis.org
Today’s Guest:
Roland Frasier is a serial entrepreneur who built or sold 24 businesses with adjusted sales ranging from $3 million to just under $4 billion. He is also Co-founder and/or principal of 5 different Inc. Magazine fastest-growing companies.
Currently, he is the CEO of All Channels Media, LLC, and principal in Scalable.co, DigitalMarketer.com, Traffic & Conversion Summit, Praxio.com, TruConversion.com, War Room Mastermind, Fully Accountable, Everbowl Restaurants, Big Block Realty, Scribe Publishing, and Real Estate Worldwide.
Connect and learn more about Roland and his companies here:
Website: https://www.consultingforequity.io
https://www.scalable.co/epic-challenge-c/
Linkedin: https://www.linkedin.com/in/rolandfrasier/
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