Setting up your foundation is the most important step in the process. Your foundation is the tools, resources & collateral materials you will be using to successfully complete the process.
Deal Flow is creating a system where you are finding a reasonable number of deals to evaluate and analyze and invest.
Meet Sellers & Brokers
First impressions are the most important aspect of meeting business brokers and business Sellers. Make yours count by being friendly, prepared & professional.
Negotiations & Contracts
Contracts are easier when you have a set criteria, maintain your integrity, have a solid bottom and don’t buy the hype.
There are two way to finance a business without using your own cash:
1. Using the businesses credit and assets.
2. Using investors
3. Using a combination of both.
Closing & On-boarding
While this seems like the end of the process, it’s really only the beginning. Putting in strong financial and management controls is the final key to creating a successful & profitable passive income portfolio.