Buying a business is the single quickest leap you can make in entrepreneurship. One signed agreement and you inherit everything most founders labor a decade to secure: And believe it or not, the time to act is right now. Why the urgency? Because right now—this month, this quarter—owners are weary. Margins are thin, financing is […]
Let’s use the worst-case principle to explore ways you can obtain capital without a credit rating. I’m not saying you find it impossible to obtain credit — we’re talking about Mr. Worst Case. He’s a guy who really needs help. All of us can learn something from his experiences. Mr. Worst Case needs what for […]
In 1983, Warren Buffett sat down to pen his annual letter to Berkshire Hathaway shareholders. Tucked away at the back of the letter was an ad. Specifically, it was a “business wanted” ad. In it, the Oracle of Omaha outlined the type of businesses he and his partner Charlie Munger were seeking to acquire. The ad […]