How to Buy Your First Company – Andrew Pierno
“The easiest way to go from 0 acquisitions to 1 acquisition is to go make an acquisition. Seriously, go buy something small, risking only the amount of money you are perfectly happy losing. Might be $5k, might be $50k. Doesn’t matter. Just go do it. Give yourself a month and pick the best option on micro acquire. You’re going to be some % wrong anyways, quit agonizing over it.”
Big Idea: The fastest way to start a business is to buy an existing one. Smaller websites and businesses can be purchased for less than $20k.