Firing The Man · with Walker Deibel · November 3, 2020 · 48 min
Summary
Walker Deibel, author of "Buy Then Build," advocates for acquiring existing profitable businesses rather than starting new ventures from scratch. He shares insights from his own entrepreneurial journey, highlighting the statistical advantages of acquisition over the high failure rate of startups, and outlines how to finance such acquisitions even without significant upfront capital.
Key takeaways
Focus on acquiring existing profitable businesses for significantly higher success rates compared to startups (90%+ startup failure rate vs. established cash flow).
Leverage the "Ten Trillion Dollar Tsunami" of baby boomer-owned businesses looking to exit as a prime opportunity for acquisition.
Don't let perceived lack of capital deter you from acquisitions; financing options exist when buying established businesses.
Cultivate a "growth mindset" to identify and capitalize on acquisition opportunities, rather than a "fixed mindset" that limits possibilities.
Episode 45 In this episode, we will be interviewing the best selling author of the book Buy Then Build, Walker Deibel. He is also a serial acquisition entrepreneur, M&A advisor, and a successful movie producer. Walker acquired seven companies over ten years and co-founded several startups. Let’s dive right in and learn how to buy a business without having to have the money that it takes. [00:01 - 06:00] Opening Segment Walker shares the story about his background and the beginning...
What does this episode say about finance & fundraising?
Focus on acquiring existing profitable businesses for significantly higher success rates compared to startups (90%+ startup failure rate vs. established cash flow).
What does this episode say about founder & leadership?
Leverage the "Ten Trillion Dollar Tsunami" of baby boomer-owned businesses looking to exit as a prime opportunity for acquisition.
What does this episode say about finance & fundraising?
Don't let perceived lack of capital deter you from acquisitions; financing options exist when buying established businesses.
What does this episode say about finance & fundraising?
Cultivate a "growth mindset" to identify and capitalize on acquisition opportunities, rather than a "fixed mindset" that limits possibilities.
