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What’s the difference between acquiring properties and businesses? Surprisingly, there are a lot of similarities but some substantial key differences. Joining this episode to discuss it all is Drew Wiard, an entrepreneur and real estate investor who, in just 18 months, bought and merged three businesses successfully.
Drew shares his long-term strategy for building massive wealth through diverse asset acquisition, offering invaluable insights on financing and navigating business takeovers. He delves into his approach to evaluating businesses for acquisition, managing debt, and integrating new assets into his overall investment strategy.
His experience highlights the importance of understanding the commitment and risk involved, aligning acquisitions with a clear vision, and perseverance to overcome challenges and achieve success.
Let this episode be a guide on buying businesses and diversifying your investment portfolio!
Topics discussed in this episode:
- Drew’s business acquisition strategy for building long-term wealth
- Attributes of a viable business acquisition
- Financial strategies and leveraging SBA loans
- Managing the responsibilities and challenges of business takeovers
- Lessons from Drew’s first few business acquisitions
- The role of vision and strategic alignment in business acquisitions
- Key considerations for transitioning from real estate to business acquisition
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https://www.facebook.com/drew.wiard
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Collecting Keys Podcast Resources:
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https://www.youtube.com/@collectingkeys
This episode was produced by Podcast Boutique https://www.podcastbout
