How to Buy A Business With No Money in 2024

Unlock the secrets of successful business acquisitions with Carl Allen, an experienced entrepreneur with over 400 acquisitions, as he shares unique insights, creative deal-making strategies, and the art of combining businesses for higher returns in this episode of the Wealthy Way podcast!
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Connect with Carl!
KZbin - ‪@carlallenofficial‬
Website - dealmakerwealthsociety.com/
Instagram - / carlallenofficial
In this podcast, Carl Allen, a seasoned entrepreneur with over 400 business acquisitions, shares insights into the art of buying and selling businesses. Transitioning from a Wall Street background, Carl now coaches individuals seeking to exit the traditional employment structure and become entrepreneurs.
Carl specializes in creative deal-making, outlining four ways to acquire a company, involving aspects like supply chains, equity, and marketing. He emphasizes the strategic value of combining businesses, akin to successful instances like Facebook's acquisition of Instagram.
Advocating for buying businesses over starting them, Carl highlights the lower risk, ease, speed, and higher returns associated with acquisitions. He suggests choosing businesses aligned with personal passion and values, bringing value to the acquired venture. For those lacking expertise, he recommends partnering with someone who complements the business skill set.
While selling a business can be challenging for owners, especially with the transition of control while continuing to work there, cultural alignment is deemed crucial for success. Carl conducts cultural assessments before acquiring businesses, avoiding ventures conflicting with his Christian values, such as those in industries like cannabis and gambling.
Upon successfully acquiring a business, Carl indulges in a unique celebration - purchasing and assembling a $1,000 Lego set for relaxation and enjoyment. He incentivizes operators with a stake of 5-20%, adjusting the percentage to enhance motivation. Carl's criteria for acquisitions include a focus on cash-flowing businesses, emphasizing the importance of entrepreneurs functioning as true visionaries rather than mere employees.
Despite his extensive business portfolio, Carl expresses a deep attachment to his coaching business, structuring it to function seamlessly without his direct involvement. While he assists students by acquiring relevant businesses, Carl remains committed to the coaching venture, having no immediate plans to sell it.

[@ErickaWilliamsCC]

Best high level conversation you had on the channel so far.

[@leadgenjay]

Great insights on strategic business acquisitions from Carl Allen. One advanced tactic is to look for distressed businesses with strong underlying assets; they can often be acquired below market value and turned around with the right strategy. It's a high-reward approach if you've got the skills to manage the turnaround.

[@BradFlipMarket]

GREAT POD!!

[@alexcarrproperty]

I’m from Staffordshire Uk, his accent sounds very local! Great to see him killing it. Vast knowledge

[@youtubebydax]

Im grateful for both yall!

[@TechQuestAnalytics]

It's a strategy. Joe Rogan is a trademark and Spotify is a partnership. They're giving Joe Rogan 250 million in equity to get free advertisement money from KZbin. Instead of Spotify paying for marketing for advertising they just give the money to their talent to recoup advertising money for them. Their cahs flowing from youtube Adsense to Spotify.

[@marckuhnmak]

Another great episode Ryan!

[@g3tafix]

This was a great podcast! As someone who's currently following these strategies to acquire and manage small businesses. It's great to get affirmation from a seasoned vet!

[@ARHELP9]

Great show!

[@Kaizen671]

Love this episode

[@saharshehata8024]

Very smart and the level of this conversation is very important and very inspiring

[@johnnytuamoheloa911]

Really loved this podcast very informative but also highlighted that business can be done successfully with Christian values.

[@RyanPineda]

Thank you!

[@ASATechnologies-3]

The problem is finding a match for all the tools presented here. You need a needle in the haystack to find the right situation tons of prospecting. Thank you for this

[@kennethporst4359]

HOLY CRAP I was just thinking about this 4 days ago!? How'd you know?

[@harleylikethebike]

I am here first 🎉.❤

[@albongo3949]

Amazon acquiring ramped them up

[@yourfirstbook101]

❤

[@JamesBonadies]

I'd consider selling

[@montaguebarnabasltd]

‘Your’ in the thumbnail should be ‘You’re’. Just a heads up.

[@grp2624]

The idiot updated it

[@albongo3949]

I want to know how they expect W2 employees to remain with fiat money that isn’t lasting and it’s painfully obvious

[@TrevorGray4758]

Everyone notices trust me. It’s only a matter of time before… you know.

[@tradeforcharity]

Ryan politely called him out: Wall Street guy, from England, but likes sneakers, has tattoos, legos, dresses like he’s in high school. 🏫 he buys what he couldn’t afford as a child. 👦🏻 good for him.

[@gabrielgarcia2044]

What does Christianity have to do with Cannabis?

[@jesseschmit6201]

Ryan looks like he's struggling to stay awake

[@reidyoung298]

I can say from putting something together on a much smaller scale that when you're orchestrating so much and you have so much value that can only be accessed within a small window that sleep is simply part of the price you're paying at that point! Seems like it was a big move by him and it worked out well from all I've seen so far.

[@jesseschmit6201]

@@reidyoung298 Yours right. I wasn’t hating on him. Just thought he seemed extra tired is all

[@reidyoung298]

@@jesseschmit6201 I'm sure he was! Had to have been in insane couple of weeks, especially with anything family on top of it all. Dude is driven!

[@miguelzuniga7199]

Why do they always say you don’t need no money etc , then show us step by step on how to get the money with banks . Requirements etc ?

[@overcomingidiocracy]

You dont need your own money, have done 8 acquisitions subject to and pay them monthly off of net cash flow. It's possible with zero dollars I promise, just gotta learn the process

[@heathdunn1999]

He doesn't want anything to do with a cannibas company because of his religion but owns a bourbon company because he's passionate about it? Wow lol

[@jesseschmit6201]

I get what you're saying, but they're really two different things. Having a drink is also not a sin.

[@jujjuj7676]

Well keep in mind, god is imaginary so are his scruples 😂

[@VainakhQuranites]

@@jujjuj7676What a miserable materialist 😂

[@jtowensbyiii6018]

Hypocritical just a lot lol 😂

[@gregrothfuss]

Completely different.

[@Finanz101]

He looks like he's going to a Donnie Osmond concert

[@johno2504]

He said he uses his distributions as a 1031, I looked it up you can’t do that.

[@overcomingidiocracy]

When you sell, you roll the profit into the next business acquisition to avoid taxes

[@vividhaiku]

This guy Ryan is a scammer. 😂🤣😂

[@gabrielgarcia2044]

What does Christianity have to do with Cannabis?