Caleb Chapman: Although what you’re suggesting has been done successfully by many entrepreneurs, there is no guaranteed strategy involving the purchase of specific kinds of businesses. With your first small business, purchased with financing help from the seller, work to make it very profitable and to gain experience as a business owner. When looking for other businesses to buy, visit as many types of companies as possible, comparing them to educate yourself about mistakes some owners are making and what others are doing to produce profits and growth. Apply what you’ve learned in deciding what else to buy and how to operate successfully. That way after you have owned a small business and can demonstrate it's success it will be easier to obtain either SBA or Non SBA business purchase financing for future small business purchases. As far as doing it with little money, here is an article discussing how to buy a business with little money. http://www.bizben.com/blog/posts! /buying-a-small-bu...I hope this answers your question....Show more
Dallas Bartolini: Or would be easier and quicker to just work your way up the corporate ladder and possibly becoming a CEO?
Faviola Dewire: Yes if the businesses make alot of money. Alot also dont make money.
Azzie Trembly: it did 20 or 30 years agonow, small businesses can hardly afford to burn a candle
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