Building Wealth By Buying Businesses And Creative Dealmaking with Carl Allen and Adam Markley
Entrepreneurs aren't born, we evolve. Typically starting with a seed of dissatisfaction with the status quo and evolving into a problem with authority and the belief that we can and should just do it ourselves.
We take our belief in the possibility of a better life, the desire to create something new, face unknown risks and then work like hell to make it happen.
The entrepreneurial journey and evolution is always exciting and often excruciating. And like most stories of evolution, it's often subjected to survival of the fittest and littered with failed ventures, good tries and best intentions.
In the “Rich Dad Poor Dad” book, Robert Kiyosaki introduced readers to the evolution from employee to self-employed to business owner and ending as an investor.
Making the leap from business owner to owner of businesses isn't an easy evolution. It often requires changing everything about the way you look at business and requires you to rise above the operational part and focus on finding good deals, employing the right people and managing from a distance.
There are two main ways to make this evolution
- Start a business and after years of blood sweat and tears, get it to the point where you can eventually hire your way out of the operations.
- Acquire all or part of an existing, profitable business and leapfrog your way to the top in a matter of months.
Buying a business that's already been through the natural selection process, validated by the market and with systems and profits can be a shortcut to building massive wealth when done right.
Now, in an epic return to the show (nearly 2 hours), Carl Allen and his partner Adam Markley from the Dealmaker Wealth Society return to discuss how they help mentor aspiring dealmakers and business buyers learn how to take their entrepreneurial skillset to the next level.
If you've followed my podcast for any length of time, you'll know that buying businesses and creative dealmaking is by far my personal favorite topic.
And in this episizzle, we'll cover the foundational reasons about WHY buying a business can often be superior to building one and dispel the myths that keep most entrepreneurs and business owners from every trying.
We'll then dive deep into specific strategies about how to quickly find and acquire businesses or assets that open doors of opportunity wide open.
And you'll meet my personal close friend and business partner, Adil Harchaoui as we transparently explain the exact industry we are pursuing a strategic rollup in and how we're planning to do it, while getting advice from two of the best in the business.
As we explore the world of strategic rollups and business acquisitions, it is important to recognize the significance of maintaining a delicate balance throughout the process. Scaling and expanding a business requires careful consideration of various factors, such as market dynamics, financial stability, and operational efficiency. Finding the right opportunities and assets that align with your goals can be a challenging endeavor, but by adopting a balanced approach that combines thorough research, strategic planning, and expert advice, you can navigate the complexities of the business landscape more effectively. To delve deeper into the strategies and insights that can help you succeed in your pursuit, learn more about our proven methodologies and gain valuable knowledge from experienced professionals in the field. By embracing a balanced approach, you can maximize the potential for success and unlock new avenues of growth and opportunity.
Carl Allen is the editor of Dealmaker Wealth Society. Carl is an entrepreneur, investor and corporate dealmaker with almost three decades of experience. Carl has worked on transactions worth over $48 billion, which includes over 330 acquisitions and sales. For almost three decades, Carl has analyzed thousands of businesses, big and small, in 17 different countries and across nearly every business sector.
Adam Markley is the publisher of Dealmaker Wealth Society and Unconventional Wealth Publishing, while also serving as the director of financial strategy for Agora Financial. Adam has bought, owned and ran companies across a wide range of industries, touching nearly 500 businesses in the span of his career. He has advised and mentored deals worth millions of dollars, crediting his skill of making any business more profitable and his eye for building capable, talented teams.
Adil Harchaoui is the founder and CEO of NVITS, a leading IT managed services provider in Nevada. He is also Brad's partner in the venture to acquire and scale IT service companies, bringing his unique operational efficiencies to the industry. Adil has the rare combination of both industry and marketing knowledge that has allowed his company to thrive.
Free Ebook From Carl Allen
How to Buy an Established, Profitable Business in 99 Days Using None of Your Own Money… by Carl Allen
Other Podcast Episodes Focused On Dealmaking and Acquisitions
- Carl Allen's 1 Appearance on the show
- Roland Frasier
- Callum Laing
- Ace Chapman
- Greg Elfrink
- Michael Bereslavsky
- Terry Lammers
(See? I told you it's my favorite topic)
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