How to Buy a Great Business With No Cash Down 1st Edition

As someone who has been a huge advocate of creatively approaching the small business financing "issue", I absolutely loved this book. The author, Arnold Goldstein, strongly encourages the reader to focus on looking at the business from all angles in order to identify financing or cash generation opportunities. Instead of automatically moving to the generic, oft-repeated, downpayment + bank loan approach, this book provides numerous resources to tap to reduce the amount of cash you would personally need to contribute to the deal. Have you ever heard of a "leveraged buyout (LBO)"? Well, in simple terms, that occurs when one entity buys another with little or no of their own money or any equity for that matter, instead using the target company's assets and cash flow to access debt financing from a number of different sources. Small businesses are too small to attract the attention of LBO financing entities but this book shows you how to do basically the same thing using different sources."How to Buy a Great Business with No Cash Down" talks about how to find the cash to buy a business so it's focused on acquisition financing. However, many of the suggestions contained within the book are applicable to businesses who wish to expand. Why? A number of the recommendations have to do with approaching entities who will benefit from the expansion that will occur upon your purchase of the company. Therefore, if you wish to expand, those same arguments prevail.Sources of financing covered in the book include: supplier and vendor financing, customer pre-pays, accounts receivables financing, inventory financing, and seller financing, among many others. Arnold Goldstein provides numerous examples and case studies from actual experience (his and his clients) to help drive home what seems to be his primary point: capital exists everywhere, you just have to take the same creative approach in finding it that you do in finding other types of resources in other areas of your business.If you are buying a business, this book will help you not only identify additional financing sources for your acquisition, but also get you to view the business you are purchasing more strategically and wholistically. And that will put you in very good stead indeed once the deal closes and the real work begins.

Don’t waste your time with this one. If you have sat through an entry level business class, you’ve learned more than you will get in this booklet.

This book is okay as it relates to the subject matter. The best that I've ever read was How to Buy a Good Business with Little or None of Your Own Money by Lionel Haines.

Excellent book, a must read for anybody thinking about buying a business. So much tricks, I couldn't put it down once I started reading.

A very good introductory book. The only reason why I don't rate it higher is because it is an old book and could do with a review. A very good place to start. Do some additional reading though.

Book only deserves to be a chapter long

This book will give you a lot of information about buying with little to no money down. I was able to use the strategies to successful buy a Vending company.

There is a lot of meat and potatoes in this book,. I have had to go back and read it over and over to get specific points. I plan to use the strategies to buy 10 to 20 businessess over the next couple years.