They say the hardest part is getting started..

searcher profile

April 04, 2022

by a searcher in Grand Blanc, MI 48439, USA

Currently 26 with $5k saved up and would like to roll up businesses. No current connections. Nothing.

What is something you wish you knew when you first started out?

Also, any tips on researching industries?

P.S. my goal is to ultimately roll up an industry and exit.

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commentor profile
Reply by a searcher
from University of Pennsylvania in Chicago, IL, USA
It's all about desire... desire will produce the things you need to move forward - capital, opportunities. If your focus is roll-ups, the key thing to manage is complexity in the enterprise. Complexity will kill the dream - so pick an industry where you can you systematize your "units" well, and add units with ease (always easier said than done). Having no money will ultimately help you later on, because if you are going to grow via acquisition - eventually you have to find very creative ways to keep buying - and be stingy with your lending capacity (don't blow it all early on). Good luck!
commentor profile
Reply by a searcher
in New York, NY, USA
You can get started brokering asset sales, finance, etc to earn while you develop your network. Reach out if that interests you.

Otherwise, it may be helpful to work some role - even part time - in the sort of business you'd like to acquire. It'll give you insight and may lead to your first acquisition. Remember, you don't have to acquire the entire business to have a role in building it and selling it.
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