In episode #1932, Neil and Eric talk about the economics of buying another business versus building. When you’re deciding whether or not to buy a business, the number one question you should ask yourself is whether you are buying a job. To learn more about what to look out for when pursuing acquisitions, tune in today!

TIME-STAMPED SHOW NOTES:

• [00:20] Today’s topic: The Economics of Buying Another Business Versus Building.
• [00:50] Why buying a business doesn’t always need to be expensive.
• [01:14] Why each approach has its merits and drawbacks.
• [01:21] Why you shouldn’t buy a turnaround.
• [03:25] How to make the economics work out by buying with debt.
• [03:57] That’s it for today!
• [04:07] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information or call us on 310-349-3785!

Links Mentioned in Today’s Episode:

• Epic Challenge

• Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game

• HBR Guide to Buying a Small Business: Think Big, Buy Small, Own Your Own Company (HBR Guide Series)

• Check out our blueprint on how to build your dream business: https://www.marketingschool.io/training

• Subscribe to our premium podcast (with tons of goodies!): https://www.marketingschool.io/pro

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• Single Grain
• Twitter @neilpatel 
• Twitter @ericosiu

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