Ben Kelly (@benkellyone) 's Twitter Profile
Ben Kelly

@benkellyone

Acquired & scaled 7 businesses with little or $0 down. Goal is $1M in cash flow. Join 75k others doing the same👇

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linkhttps://acquisitionace.beehiiv.com/subscribe calendar_today05-08-2020 16:46:42

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I’m closing on a 30 yr old CPA firm in one week and I'm not a CPA. Price: $1.3M Revenue: $1.1M Cashflow: $580k Here are the terms and the expected returns for the deal:

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3 things you need for a good acquisition: 1. Recurring revenue 2. Recession-resistant 3. Strong barrier to entry If the business you’re looking at has those 3 things, you’re off to a great start.

Ben Kelly (@benkellyone) 's Twitter Profile Photo

Entrepreneurship is all about growth: Growth of skills. Growth of capital. Growth of knowledge. Invest in yourself, and the money will come.

Ben Kelly (@benkellyone) 's Twitter Profile Photo

When you’re making an acquisition, you want to ensure that a management team is in place. If the owner does everything? You’re about to buy yourself a full-time job.

Ben Kelly (@benkellyone) 's Twitter Profile Photo

The "boring" acquisition process that built my portfolio: Find → Finance → Hire → Systemize → Repeat Each business gets easier than the last.

Ben Kelly (@benkellyone) 's Twitter Profile Photo

You don't need to grind away your life trying to find a 6 figure salary. You can buy one. With none of your own money. Without a college degree. With zero experience. I love this game.

Ben Kelly (@benkellyone) 's Twitter Profile Photo

5 Businesses with the highest success rates: 1. Senior Care Facilities - 81% 2. Last-Mile Delivery - 82% 3. Vending Machines - 91% 4. Storage Facilities - 92% 5. Laundromats - 95% This is what I mean when I say pick a "safe, recession-proof" business. Which would you choose?

Ben Kelly (@benkellyone) 's Twitter Profile Photo

The single question that changed how I evaluate every opportunity: "Is this the highest and best use of my time?" Most things aren't. Focus is the ultimate competitive advantage.

Ben Kelly (@benkellyone) 's Twitter Profile Photo

I've spent 5 years learning to buy businesses. The most important lesson? The perfect deal doesn't exist. The profitable deal that moves you closer to your goals does.

Ben Kelly (@benkellyone) 's Twitter Profile Photo

There's a reason why the wealthy buy businesses (instead of starting them): 1. Less risk 2. Proven systems 3. Immediate income Learn business acquisition.