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- How can YOU buy your first business
How can YOU buy your first business
A couple months ago I sat down with Jonny, a college student who joined Acquisition Accelerator.
A couple months ago I sat down with Jonny, a college student who joined Acquisition Accelerator.
He had run different businesses before, but none of them were scalable beyond a point.
He had some money saved from a previous business but realized starting from scratch was costly and a grind.
He knew he wanted to continue his journey but wanted an advantage for his next bet.
Rather than going from 0 to 1 himself.
He wanted to use capital as a leverage to acquire a business and start his next venture at the growth stage.
So Jonny came to me asking how to buy a business.
After sitting down and listing out his skills, time, and resources, we went to market for a deal with specific criteria in mind.
We finally found the perfect business for him.
An AI tool called Anna, which helps people learn a new language via WhatsApp.
At acquisition it was making $300 MRR, and he bought it for $5,000, slightly more than 1x annual revenue.
You can see exactly how Jonny bought his first business below.
- Dev
P.S. If you are somebody who has the resources and are looking to acquire a business but want some help along the way…
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