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The 2023 Complete Masterclass On Buying An Existing Business

Name: The 2023 Complete Masterclass On Buying An Existing Business
Rating: 3.4 (34 reviews)

Powerful business secrets! Entrepreneurs buy a business and become an instant entrepreneur and business owner

Created byChris Benjamin, MBA & CFO

Last updated 12/2022

English

English [Auto],

What you'll learn

Learn From A Top Rated Instructor Who Has Been Teaching On Udemy Since 2013 and Taught Over 100,000 Students!
Advantages Of Buying A Business
Disadvantages Of Buying A Business
Locating Businesses For Sale
Determining Proper Pricing and Valuation
Negotiation Process
Vetting The Business
Finding The Skeletons
Transitioning As The New Owner
And Much More!

Course content

6 sections • 20 lectures • 1h 11m total length

Course Introduction1:36
Explore the 2023 complete masterclass on buying an existing business to assess advantages and disadvantages, find for-sale opportunities, perform due diligence, and negotiate for success.
Instructor Introduction1:02
Meet Chris Benjamin, a CFO and entrepreneur who introduces the course on buying an existing business, covering acquisition steps, advantages and disadvantages, finding opportunities, and pricing and negotiation.
Udemy Course Review System2:09
Navigate the Udemy course review system, rate with stars, and provide feedback on content relevance and instructor clarity to help improve future lessons.
Excel Basics - Formatting, Reports and Charts18:17
Master Microsoft Excel basics for quick, professional reports with tips on building tables, applying formatting, and creating charts. Learn shortcuts for sums, formulas, and charting to visualize data fast.
Key Points1:24
Explore advantages of buying an existing business, such as avoiding upfront setup. Assess past performance and future earnings to value the business and guide due diligence.

Less Risk1:28
Purchasing an existing business offers less risk through a proven track record, making due diligence reveal opportunities. Take over and improve the business to boost efficiency and profitability.
Less Time and Effort Required1:41
Buying an existing business reduces time and effort by leveraging established infrastructure and a proven model, letting you focus on refinement, growth, and expanding to new locations.
The Possibility of Buying At A Bargain Price3:09
Explore buying an existing business at a discount by probing seller motives, negotiating leverage, and recognizing scenarios that create good deals, including retirement, estate sales, and serial entrepreneurship.

The Environment1:32
Explore how the environment, market space, and competition affect buying an existing business, including external factors like interest rates, debt markets, and exchange rates, plus why current owners sell.
Internal Problems1:48
Identify internal problems when buying an existing business, including employee resistance to new management and small policy changes that spark discontent, and assess potential hurdles like unhappy staff upfront.
Departure of the Current Owner1:16
Departure of the current owner forces you to be the new face of the operation, triggering distrust and questions as you build trust and implement changes.

Introduction to Buying The Business0:55
Explore how buying a business works and how to research options in a market with businesses for sale. Understand end goals and growth potential as you decide your path.
Businesses That Are On The Market3:30
Explore how to locate businesses for sale using classifieds, online platforms, and industry brokers, and compare physical storefronts versus virtual businesses while understanding commissions and seller bias.
Businesses That Are Not On The Market2:18
Identify businesses not for sale that fit your criteria and reach out to owners to explore selling opportunities beyond listings. Make fair offers, save time by avoiding the hunting process, and negotiate favorable terms when owners are ready to sell.
Determining The Price Of A Business5:42
Determine a business’s true value by evaluating assets with book, replacement, and liquidation values, then assess future earnings via discounted cash flow and compare to the asking price, considering debts.

The Negotiation Process2:48
Navigate the negotiation process to determine fair value, craft informed offers, and avoid leaving money on the table by weighing seller and buyer perspectives.
Price vs.. Value2:35
Learn how price diverges from value in buying a business, weighing emotional factors like legacy and family employment, and negotiating on terms such as upfront cash versus installments.
Sources Of Power In Negotiations2:51
Explore sources of power in negotiations when buying a business, focusing on information and internal dynamics to secure a fair price and a win-win outcome.

Course Conclusion1:46
Explore buying an existing business to leverage a proven model and reduce startup risk. Learn pricing, negotiation, and due diligence with financial statements to assess value.
2023 Entrepreneur Trends To Watch13:59
Discover the 2023 entrepreneurship trends guiding buying an existing business. Explore accelerated digital transformation with AI, IoT, VR, AR, inflation, supply chain security, sustainability, immersive customer experience, and globalization.
Buying A Business Quiz
Buying a Business - What Will You Buy

Requirements

No specific knowledge or tools are required
A general sense of business is all that is needed!
Commitment to learning

Description

Are You An Entrepreneur Who Would Rather Hit The Ground Running?

Are You A Current Business Owner Who Wants To Expand Your Empire?

Are You Looking To Grow Your Company Through Acquisitions?

Do You Not Know How To Properly Value Other Businesses and Examine Them For Purchase?

Are You Worried There May Be Some Skeletons In The Closet You Didn't Know How To Identify?

If You Answered "Yes" To Any Of The Above, Look No Further. This Is The Course For You!

*** Updated with new content! ***

Enroll today and join the 100,000+ successful students I have taught as a Top Rated Udemy instructor!

Three reasons to TAKE THIS COURSE right now:

You get lifetime access to lectures, including all new lectures, assignments, quizzes and downloads
You can ask me questions and see me respond to every single one of them thoroughly!
You will are being taught by a professional with a proven track record of success!
Bonus reason: Udemy has a 30 day 100% money back guarantee if for some reason you don't enjoy the course!

Recent Review:

Paul P. says: "Great course, as a business man who has built several small businesses I want to expand into buying and acquiring already existing businesses. That is a whole skill set in its own though, and while I know what it takes to build a great business I didn't understand how to identify value in other peoples businesses and their mistakes. This course definintely helped clarify a lot for me and I now feel confident in moving into buying businesses!"

Why You Should Take This Course:

Buying an existing business can provide an entrepreneur with an expeditious route into small business. The processes of locating, selecting, and negotiating for the enterprise require careful preparation. In this course, we have examined the advantages and disadvantages of buying a business and we have described various considerations affecting the price of the purchase. At every stage in the buying process, the need for careful preparation by the buyer becomes clear.

Learn exactly what you need to know to buy a business and get an amazing deal on it! Become an insta-entrpereneur!

What we learn in this course:

Buying an existing business has several important advantages over starting one, including less risk, less time and effort, and the possibility of getting a bargain.
Finding a business to buy should not be confined to the standard channels where businesses for sale are advertised
Determining the value of the business requires taking into account both the assets the company has and the earnings it is likely to achieve in the future
In order to negotiate effectively, the entrepreneur must gather as much information about the company and industry as possible
And much more!

At any point if you have a question, please feel free to ask through the course forum, I'd be happy to answer any and all questions.

***CLICK "BUY NOW" AND LEARN HOW TO BUY AN EXISTING BUSINESS!! ***

About The Instructor

Chris Benjamin, MBA & CFO is a seasoned professional with over 25 years experience in accounting, finance, small business, business acquisitions and much more. Having spent the first 10 years of my career in corporate settings with both large and small companies, I learned a lot about the accounting process, managing accounting departments, financial reporting, external reporting to board of directors and the Securities and Exchange Commission, and working with external auditors.

The following 10+ years I decided to go into CFO Consulting, working with growing companies and bringing CFO level experience to companies. I help implement proper best business practices in accounting and finance, consult on implementation of accounting systems, implementing accounting procedures, while also still fulfilling the CFO roll for many of my clients which includes financial reporting, auditing, working with investors, financial analysis and much more.

Thank you for signing up for this course on Udemy. I look forward to being your instructor for this course and many more!

Chris Benjamin, Instructor, CFO & MBA

Who this course is for:

Anyone who has thought about buying a business
Current business owners
Entrepreneurs
Small business owners

The 2023 Complete Masterclass On Buying An Existing Business

What you'll learn

Explore related topics

Course content

Introduction5 lectures • 24min

Advantages Of Buying a Business3 lectures • 6min

Disadvantages Of Buying a Business3 lectures • 5min

Buying The Business4 lectures • 12min

Negotiations3 lectures • 8min

Course Conclusion2 lectures • 16min

Requirements

Description

Who this course is for: