Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game

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As someone that has started several businesses, the concepts in this book opened my eyes to how getting into new businesses can be so much easier by skipping all the startup steps and reducing overall risk. The startup a few of us launched a business in grad school that did extremely well in business plan competitions, but floundered in legal hang-ups during our last semester. One of the challenges that new owners face, according to Deibel, is convincing existing employees that the transition will be seamless and potentially beneficial. This book is proposing a strong and detailed framework supporting the principle of acquisition entrepreneurship vs. John Gillardi was the former director of product management for Microsoft Services and the CEO of our startup, ViewPoint.

His work has been featured in Forbes, Entrepreneur, Inc, Fast Company, and the Harvard Business Review. This book provides a comprehensive guide for aspiring entrepreneurs who want to acquire an existing business rather than starting from scratch. A pessimist sees difficulty in every opportunity; an optimist sees the opportunity in every difficulty.Where the author has had a tremendous advantage is that he bought his first company off his parents. I do find the subject quite intriguing (which is why I read the book), and having gone through an acquisition and multiple tuck-ins, it was nice to take a step back and truly codify the process. I really enjoyed learning about Walker's process and the many fascinating statistics he brings to prove why acquisition is normally the way to go. The author suggests that while it is important to be dedicated to the success of the acquired company, it's equally essential not to let business ownership completely consume your personal life. Walker Deibel has written the most valuable book about the challenges and rewards of owning your own highly successful business.

It suffered from some poor editing/grammar, and could have used a few detailed cases from his experience (rather than just saying he did it 6 times). Although we’re paving the way to a greater success rate for entrepreneurs, you are still the most important part of the equation. We developed a proprietary eCommerce software to help companies with multiple locations gain efficiencies in their supply chain. The second half of the book drills down to details what one needs to be mindful of throughout the acquisition process, from negotiation to looking at the balance sheet and checking cash flow.While he constantly tells readers not to make excuses, I do feel I am a little young to get into this quite yet (sorry for the excuse). Both Apple and Google state that they ensure that only users who have actually downloaded the app can submit a review. It offers practical advice on how to identify, evaluate, and negotiate the purchase of a business, as well as tips for successfully growing and scaling the acquired company. Also, I wish the author went into more detail in how to find target companies in practice and spent some time discussing the details of acquisitions/exits he has been involved with.

Louis, where he received the Declaration of Accomplishment in Entrepreneurship award from the Skandalaris Center of Innovation and Entrepreneurship. Following ViewPoint’s capitulation, I bought a distribution company and used it as a platform for my own entrepreneurial efforts. This involves learning the necessary ropes from the previous owner, attempting to maintain existing client relationships, and making strategic and operational changes to drive growth. It’s meant to be the resource that I needed when I started, so I could skip the startup phase, gain confidence, and move right into ownership of a profitable company. The thesis is based on the assumption that small-medium existing businesses already went through the initial turbulent phases and survived, thus offering the acquirer the opportunity of capitalize on existing assets and processes, and benefiting from a solid platform for brand/product/manufacturing extensions and diversifications, without starting from zero.You can change your choices at any time by visiting Cookie preferences, as described in the Cookie notice. Sin duda no me dio buena espina cuando en el segundo capítulo mencionan a Elon Musk como un ejemplo positivo de empresario sin analizarlo al menos con un poco más de profundidad. Have the right mental attitude ( that section was very hard to read for anything in life you have to have the right attitude). It provides actionable advice on identifying, evaluating, and acquiring existing companies as a path to entrepreneurial success. With jobs not being able to keep up with college graduate demand, entrepreneurship has never been more important.

He shares his expertise on the process of finding, evaluating, and successfully running a business, offering practical advice and real-life examples. Muchos conceptos y experiencias valiosas (SDE, multiplos, mentalidad comprador, contruir memo con lo que se busca, etc) y también conceptos mas basicos pero que siempre vale la pena repasar.

I needed a high-quality source of information for how to acquire an existing company, but it didn’t exist. One of the most interesting investment opportunities I’ve seen in the last few years is acquiring and growing a small business. Louis where he received the Declaration of Accomplishment in Entrepreneurship award from the Skandalaris Center of Innovation and Entrepreneurship, eventually introducing an Acquisition Entrepreneurship course as an adjunct professor. Despite overwhelming talent, outstanding early product trials, and all-star team, success is still unlikely. Moreover, this book doesn't get very deep into the nuts and bolts of valuing companies, but this shouldn't justify a lower rating (as given by other readers).