TMBA599: The Art of Acquiring Businesses
We've shared a lot of stories on this podcast from entrepreneurs who have started their own businesses, but one strategy we've increasingly seen to accelerate the path to wealth is to purchase a business that already exists and to leverage debt to do so. Today's guest is an expert at that. Shakil Prasla has been acquiring businesses through his company SZ Ventures for nearly a decade. He started with a loan from the Small Business Administration and now has a team of roughly 80 people who are managing niche eCommerce companies. They are selling anything from high-end business cards to their most recent acquisition, Gloves.com. In today's podcast, Shakil shares the story of how he purchased his first business, how he has grown to where he is now, strategies for taking advantage of Small Business Administration loans, and much more.