61. Buy Build Sell

Brad Sugars explains his strategy for growing wealth through business – Buy, Build and Sell – and he bullet points his rules for buying a business. Buying a Set-Up allows you to build on an existing basic structure and foundation that is already in place, but is underperforming in terms of sales, marketing or management. He also outlines his “8 Rules” of Buy, Build and Sell, which will give you the advantage of finding an existing but undervalued company that is surviving, but has tremendous upside potential. This includes a business with good cashflow versus a fixed capital company (which is built around depreciable assets), and low-skill staffing (versus high-skill companies like law, accounting or architecture firms).