The Art of Business Flipping with Ace Chapman

The key acquiring great wealth is to increase the number of 000's that you work with.

Most of us know or have at least heard of someone who's made a lot of money in flipping real estate, but have you ever heard of someone who flips businesses?

Well my guest today, Ace Chapman, has flipped over 50 businesses and he's made a nice piece of change doing it.

I came across Ace on another podcast a few months ago. The concepts that he talked about made a lot of sense to me. Curious to learn more, I headed over to Amazon and picked up his ebook, The Ace Formula.

After reading The Ace Formula I knew I wanted to bring him on the show to talk about the process of flipping businesses. 

Ace's core philosophy is that it doesn't make sense to start a new business from scratch. Sounds logical since it's common knowledge that most businesses fail but I had never heard anyone layout the concept in as much detail before I came across Ace.

If you've never checked out his podcast or watched his channel on youtube you gotta check out some of his stuff, he provides lots of great knowledge and value for free. 

In this interview my intention was to avoid as many "fluff" questions as possible to give you valuable insight into how he developed his expertise and how he approaches the process of buying and flipping a business. Which by the way in many cases he uses no money of his own. 

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Some topics that we discussed;

• Why it's 100 times better to buy an existing business than to start one from scratch.
• How he got started with flipping businesses
• How he assesses a business to determine if he's getting a good deal
• The #1 business strategy that he would employ if he lost everything today.
• What he learned from one of his most memorable failures.
• Plus more

If you listen to the interview and get value from it please leave a rating and a review on iTunes.

Live Big, Dream Big

Will Lane

The Dream Chaser Show