Posted by StevenS(CPA) on July 20, 2008 at 17:12:14:
In Reply to: Re: new Twist posted by Bill Rumer on July 20, 2008 at 13:35:09:
Bill
That's not a bad idea, but I wouldn't do it as your first go round in flipping businesses. When you're doing your first one is when you start meeting a lot of new people. You start to learn who you can trust and who you can help you. You also learn the ins and outs reading financial statements, putting together a management team, negotiation, financing, ect.
If done correctly the one business should be worth you time and effort alone without adding three or more businesses to it.
But it should always be in the back of your mind as a next step on the ladder.
But that's just my opinion.
Hope this helps