Business owners looking to start a business have two alternatives- to build a company from scratch or purchase an existing one. Those who prefer the latter option will likely look for companies with steady revenues and a loyal customer base.
Although the initial capital investment is high, the strategy presents many advantages to potential investors. To begin with, the business owner can access better financing options, enjoy the benefits of an already established brand, and leverage the well-established supply chain.
This is what the Unconventional Acquisitions course will assist you with. They will assist you in identifying the types of businesses you can buy, their locations, and how to evaluate them.
But before reading what I have to say about Unconventional Acquisitions, I need to say that I don’t recommend starting a firm with this model. Why? Because businesses come and go, and you will be on a continual hustle to find more profitable businesses. This video teaches a business model using google maps where you setup your OWN websites and rent them out to clients instead. If a client decides to leave, you can simply find another client and point the leads to them instead. I highly recommend this business model instead of the Unconventional Acquisitions program.
Here’s a video of my daughter’s business using this :
The program my daughter used above is much better than Unconventional Acquisitions. But since you are here to learn about Unconventional Acquisitions, lets get back to our review of that:
Finding an existing business worth buying can be daunting. You must do your due diligence to determine if the company is profitable, negotiate the price, and deal with the legalities around buying a business. This process can be overwhelming, especially when you need to learn more about the process of buying an existing business itself. Here’s more about the Codie & Ryan’s Unconventional Acquisitions course, which can help you with all of these complexities.
Who are Codie Sanchez and Ryan Snow? The Brains Behind Unconventional Acquisitions
Ryan and Codie are the co-founders of the Unconventional Acquisitions course. They have a mutual interest in small businesses, closing deals, and the perception that owning and building businesses is reserved for a few.
Ryan is a sales and business coach, speaker and author. He graduated in 2002 with an Economics degree from Tufts University and worked as a sales manager hence has excellent people skills. He has a consultancy called Explosive Sales Growth that hires and trains sales teams.
Conversely, Codie is the founder of Contrarian Thinking, a media company that teaches critical thinking. She has a degree in Journalism and PR, an MBA and a PhD in the same fields. Sanchez started as a journalist before transitioning to finance. It was her first journalism assignment that caused her to change her mind. Being based at the Mexican border, she witnessed horrific scenes that made Codie realize the need for money.
What is the Unconventional Acquisitions Course?
The unconventional Acquisitions course is training to equip business people with the knowledge required to acquire existing businesses. They learn about:
- Various businesses available for sale
- How to find those businesses
- How to analyze them
- How to negotiate deals
- How to leverage seller financing
- Legalities around buying and selling an existing business
- Ways to ensure a hassle-free takeover
- How to expand the business
Codie and Ryan developed the course after realizing that there are more than 2.5 million small businesses for sale nationwide whose owners craved to exit. Since small businesses are the backbone of the country’s economy, Ryan and Codie needed to create a way to empower people to achieve financial independence.
They noted that people needed to diversify incomes instead of relying on 15-year-old careers, retirement perks like 401k or pensions to survive. Economic downturns like the 2008 recession and the recent COVID-19 have taught them that you can’t rely on one source of income.
And buying existing businesses is an excellent way of diversifying income. There’s minimal risk involved compared to building a business from scratch, and you don’t have to deal with the looming uncertainty around employment.
Buying an existing business provides a source of passive income almost instantly because you don’t have to build something new, which takes a long time to make money. Unlike formal employment, owning a business also creates a sense of control and certainty.
The recent COVID-19 pandemic, for example, left many people unemployed. And with technological advancements like AI, more people are bound to be jobless. By comparison, you don’t need to go about your business in the event of such calamities; instead, you have something to fall back on.
What is the Cost of the Unconventional Acquisitions Course?
If you plan to subscribe to the Unconventional Acquisitions Course, you must pay $8800 in the first year and more after that. Note that there is no refund policy.
Unconventional Acquisitions Course Customer Reviews
When making such a significant investment, you must do your diligence to ensure it’s valuable. This includes checking customer reviews to find out other customers’ experiences with the course. I researched reviews on third-party sites like Trustpilot and Better Business Bureau and couldn’t find any.
Should You Buy the Unconventional Acquisitions Course? My Verdict
The Unconventional Acquisitions Course is undoubtedly a valuable source of information for anyone looking to purchase a business. You get to learn the business available for sale, how to vet them, and the legal implications around such transactions, to mention a few. And with Ryan’s sales experience and Codie’s journalism background, you’re sure to bag a good deal. However, I have a problem with the hefty cost of the course and the fact that they hardly offer a refund. Although they promise to provide valuable information, the course may be out of reach for some people due to the cost. Also, I’d have loved for them to offer a refund if unsatisfied with their services. I’d recommend doing a little more research before buying the course.
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