Having guided thousands of people through the successful purchase of an already-profitable business, Ace Chapman can attest to the booming popularity of this option among those in their 20s and early 30s. This directly bucks the trend of the traditional assumption that young people instead opt to start their own venture with a view to building a grassroots empire. In his new book, ‘The Ace Formula’, Chapman makes a powerful case for why buying a business offers endless benefits, and guides passionate entrepreneurs through the entire process.
Nashville, TN -- (SBWIRE) -- 07/30/2014 -- With fourteen businesses to his name, anyone could easily call Ace Chapman a titan of the startup industry who has seen the luckier side of risk. However, he hasn’t started a single one of them or faced any life-changing risks; instead opting to buy and sell already-profitable ventures. Now teaching others to do the same, Chapman has noticed a massive and rapid boom in the number of Millennials choosing to follow in his footsteps.
“I bought my first business by finding $3000 when I was a broke college student; even though I grew up in a culture where being a billionaire like Jobs or Gates was perceived to be a direct result of starting a venture yourself,” explains Chapman. “I quickly came to realize that purchasing an already-profitable business was not only cheaper, less risky and opened the doors to quicker growth – but it was more profitable than I had ever imagined.”
Continuing, “That was over a decade ago, when young people buying a business was rare. However, young people in Generation Y now make up a huge percentage of all business acquisitions. That’s because they want to enjoy freedom/security and they see a business simply as a means to that goal. The vanity and novelty of the ‘startup’ isn’t something they want to risk.”
With the figures making these patterns clear, Chapman has recently released ‘The Ace Formula: How To Buy A Business’. This ground-breaking book will guide any young person through the entire business acquisition process.
Synopsis:
When it comes to buying small businesses, Ace Chapman has unparalleled credentials. Over the past 13 years, he has used his one-of-a-kind methods to buy and sell 13 businesses--and now, for the first time, he describes his formula to help you leverage his strategy. Whether you're buying a business to flip or for long-term cash flow, trying to buy a business with no money down or through a Self-Directed IRA, The Ace Formula will transform the way you think about buying small businesses. According to Chapman, instead of taking the risks of starting a business it is smarter to build your vision on top of an existing profitable business--it's cheaper, more profitable and a very simple science. With the information contained in this book, you'll be in control of your financial destiny.
“Most days I speak to folks who are desperately trying to salvage all they can before their startup fails; often taking all of their savings and assets with it. While hindsight in golden, these entrepreneurs could have cut the risk out dramatically by buying a business that was already in the black. Young people have tuned into this and are enjoying the fruits of business ownership with a lot of the hard work already done for them. My book now walks anyone else through doing the same,” Chapman adds.
Reviews for the book have been outstanding. Thomas C. Rumph comments, “One of the most inspirational pieces I have read to date. It really affirms my decision to become my own person and to attain financial freedom through ownership.”
T. Jones adds, “Exceptional book that clearly explains how you are able to own your own business as well as be successful! I can't wait to try out some of the stuff I learnt in this book and start building my own empire! I would recommend this to anyone who is sick of working for someone else and wants to be their own boss. Get it now!”
‘The Ace Formula: How To Buy A Business’ is available now: http://amzn.to/1qyerLM.
For more information on the author and his consultancy, visit: http://acechapman.com.
About the author, in his own words
Ace is a Micro Private Equity Investor who has acquired 15 offline businesses and sold 13 of them. He has also acquired 24 online properties, the first of which was CoolWallStreet. Ace bought the business grew it to 250,000 members and sold 15 years ago at the age of 19. Over the last 4 years he has worked with Gen-Yers helping them buy, sell, and grow businesses in their local market.