What if you want to buy a business but don’t have the money and want to be sure you know how to manage it properly?
Maybe you need to buy it piece by piece over time while the seller is still there.
This week I answer a question about staged buyouts, sometimes referred to as an internal purchase or by many other names. Essentially an employee buys the company over time, normally years.
What’s so great about this is that the company can actually finance its own purchase if it’s set up properly.
Deals like this also help sellers manage the sale of their business without the risk of not being able to find a buyer. This is a true succession plan for forward thinking business owners.
But you need the right kind of business. You need a steady supply of profits and you have to be able to manage and make decisions which ensure profits every day or this may not work out as desired.
Watch the video: https://youtu.be/FmF7XJjXYhg
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