Earl V. MeisterIf you want to improve your results in business, then this is the course for you. I was able to learn how businesses work and how they can help me succeed at my job by taking Business Mastery University (BMSU). With BMSU, I learned what it takes to be a successful entrepreneur or leader by learning valuable skills such as goal setting and personal branding.
This program helped me understand why some people are more capable than others in various fields of life.”
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Mike Warren is a business mentor and author of the book “Business Mastery University”. His blog, which has been around since 2009, offers advice on how to become successful.
Mike Warren is on the lookout for his next five ideal business partners. If you are chosen, his team will work closely with you over the following several months to locate, finance, and build your next company acquisition. In his twenties, Mike began investing in real estate. He has completed nearly 5,000 transactions to date. He has three distinct private equity firms in which he is a partner. He claims to be the world’s best company acquisition coach, having pupils from all around the globe. He’s been on ABC, Fox, Success magazine, and other outlets. To read my Mike Warren review, scroll below.
UP NEXT: How Does This Compare To Purchasing A Business?
Mike Warren is a seven-time New York Times best-selling novelist. The Exit Formula is the title of his most recent book. Finally, he is the founder of Company Mastery University, the most complete education on how to acquire a business with no money down and close your first acquisition in 90 days or less. Today, he’s concentrating on this. Because of the current status of the globe, there are several possibilities to purchase enterprises at a reduced price. These transactions may be completed remotely, over the phone, or through Zoom.
Who is selling these companies? For starters, there are the baby boomers. Every every day, ten thousand of them retire, with eighteen percent of them having a company to sell. For starters, there are the struggling entrepreneurs. Ninety percent of firms fail after five years; you may intervene and prevent someone from going out of business. A third kind of seller is someone who has had a big life event and needs to cash out. The list could go on and on.
There are several benefits to purchasing an established firm rather than establishing one from beginning. Easier; lower risk; leveraged funding; everything is already proven; instant pipeline and customers; people, processes, and systems already in place; significantly higher average net profit per year (when compared to starting your own business); significantly higher long-term success rate (when compared to starting your own business); create jobs; help people; and so on.
A typical purchase agreement might look like this in an ideal world. You team up with Mike’s firm to purchase a company that checks all the conditions. A million dollars was paid for the property. There is no deposit required. They are in charge of the finances. The company generates $25,000 in positive cash flow each month. Your current objective is to treble the worth of the company in a short period of time and then sell it. Maybe you’ll sell it for three million dollars three years later. Nice.
That’s $900,000 in cash flow over three years plus $200,000 in extra profit from the flip, for a total profit of $2.09 million on the purchase. “This is, without a doubt, the fastest and simplest method to generate big quantities of money that has ever existed,” Mike explains. They usually purchase firms for three times or less their net earnings. Request that the seller cover half of the purchase price. Profits will be tripled. Then sell it or put it on the market for a seven- or eight-figure profit.
No, you will not be required to work in the company. You shouldn’t either. You aren’t an expert. There’s also enough profit to pay for a competent boss. If you’d want to be their next Business Mastery University partner, Mike urges you to fill out an application. There’s no indication of the price or stock stake. Except for one thing, it all sounds fantastic. Why do they need your assistance? To spend a whole day looking for the 1% of firms for sale that are truly worth buying? And/or, after it’s been purchased, to oversee the manager and team? I’m also not being snarky. I’m sincerely interested.
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Katie Smith: Watch this brief video if you want someone who will tell it like it is, respect your time, and show you a company that could really work for you.
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