The RICH Don’t Want You To Know This

Find Out What They’re Hiding

Author

Millionaire Syrup
January 27, 2024

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The RICH Don’t Want You To Know This

Find Out What They’re Hiding

Empire Owners

Empire owners have diversified their wealth through various investments and business ventures. By spreading their assets across different industries and sectors, they mitigate risks and maximize their potential for long-term financial growth.

Empire owners search for business owners that want to sell because they are at the point of pain, which is the point of profit for the Empire owners.

They believe, why just have one and not ten, and they use other people’s money to do it.

“Buy when there's blood in the streets even if it’s your own.” - Baron Rotschild

Something many small business owners try to fight is when the big keeps getting bigger, and the little guy keeps getting hammered.

Advice
Remember, the few that know become the only that own.

Get Rich Tripod

There's three legs of the stool to stand on if you don't want to use your own cash and you want to do Acquisitions.

  1. The highest leverage activity is cash, something that once you have some of it, you can make it work for you.

  2. Experience, which has the least leverage because it uses your time. Use your experience to take Distributing Equity, Equity that cash flows to you when you do a deal with somebody.

  3.  Sweat, which is when business owners with little time, hire people to run their businesses for them. Those people bring them the deal and save them time. They receive Equity into the business without having to put any cash down.

How To Get Businesses

  1. Buy the company you work for.

  2. Buy the company you pay to.

  3. Buy the company you compete with.

  4. Buy the company that you get paid by.

The best way to find deals is your personal ecosystem.

Buy businesses that are:

Stale: Flat revenue

Old: Multiple Years Old

Weak: No Marketing

Simple: Outsourced

Buy boring businesses, in recession resistant asset classes, raise the prices, and add technology.

The Deal Journey

Foundation: Know you want to buy a business.

Deal Clarity: Find the right business for you.

Origination: How to find a deal or deals.

Selling: Explain yourself correctly to the business owner.

Negotiation: How do you get the price that you want in a way that's going to consistently have results.

Financing: How to get the money for the business.

Closing: Figuring out things like, what are the right deal documents, who should be on your team, accountants, and attorneys.

First 90 Days: This is where you take over the business.

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