The Alpha M. Podcast Finding Money To Start A Business and Selling For $235 Million?
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Aug 10, 2020 Discover effective strategies for raising capital to start a business, from personal investments to angel investors. Explore what makes companies appealing for acquisition and how to value your own business. Learn about the intricacies of franchising with relatable examples, and hear insights into selling a company for staggering profits. Delve into personal experiences of entrepreneurship, including challenges faced and lessons learned from past ventures. These engaging discussions blend humor and valuable advice for aspiring entrepreneurs.
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Funding Your Business
- Save up your own money to start a business if possible.
- This increases seriousness, retains full equity, and fosters greater responsibility for success or failure.
Importance of Good Credit
- Maintain good credit, as it's crucial for securing loans or investments.
- Good credit demonstrates creditworthiness and increases the likelihood of others taking a chance on you.
Cremo Acquisition
- Cremo, a men's grooming company, was recently acquired by Edgewell for $235 million.
- Edgewell also acquired Jack Black and Bulldog, demonstrating a trend of large companies buying smaller brands.