Buy a Business for $0: The Bathwater Method 

We've developed a western world that doesn't value ownership. My ex wife's entire previous generation, aunts, uncles, father, friends of her parents, were all Eastern European immigrants who became millionaire business owners and real estate investors The generation from my wife's cousins, sisters, etc, all got jobs and went broke

@@dbanks128 I LOVE hearing about immigrants who come over and work their butts off to make it happen. Good for them!

​@@dbanks128Good for them, but their realty was VASTLY the from today too...

​@@480bradidiots are gonna think you weren't being sarcastic

​@480brad Seriously, Great that our society benefits from those creating businesses, providing services and new jobs. Creating and adding wealth in the community. This is a good thing.

Many old established businesses are not failing. And to add on. Many old businesses are slightly mismanaged because the older business owners refuse to embrace tech. So new blood can increase revenue.

​@@mrwz626 I agree. Also family businesses where owners are old and kids are lazy or want to do other things. Business could be fine.

​@@mrwz626only with knowledge and experience or you're going to go down with the ship.

​@@Gunshinzeromaybe...

It is not always a failing business. Many times the people just want to retire or sell for some other reason.

That run through my mind as well those bath water stuff lol. 😂😂

Same applies!

bwahah

You really needed someone to teach you how to do that?

​@@alvinsheczlek5243I mean, it's not that easy to just sell bathwater, it is a completely useless product that you basically have to create an entire marketing campaign to convince people that it's worth your money.

whats the company

Nada ... Doesn't exist.. Fictional..😂 Do not recommend

Inspiring.

​@@victorwarner319amén

​@@Gunter_Customamen

how did you find this?

Updates!!! How did it go?

Im also curious how it went, good or bad i think following up with this comment would help everyone see real world.

That’s not how Buffett made his initial fortune. He did the opposite and bought fair businesses at great prices. Then once he was doing well his partner Charlie Munger convinced Buffett to switch philosophies and buy great businesses at fair prices. Part of that which can’t be ignored is that by that point they already were doing quite well financially. Now obviously he made a ton more with this second approach but that was only after he already had a big pile of cash to spend and a good bit of experience. See: ru-vid.comuUNiJXoPEQE?si=UAEPMJIOIau9tILe

ru-vid.comuUNiJXoPEQE?si=UAEPMJIOIau9tILe

Then what is it to buy a profitable yet closing business for Pennie’s on the dollar? You don’t have to buy her course to use the information in the video to your advantage. You can probably spend some time finding prospects around where you live. Especially good if you have a good reputation in your neighborhood.

Buffett never said that, Munger did.

"it's better to pay nothing for something than pay something for nothing"

Great point

I think it would be important to understand why they're selling it in the first place

​@@wesleywashington1251Absolutely, it could be an oversaturated market for said business. Research should be mandatory.

She isn't talking about buying failed businesses

That is why you get a team to work with.

You are right, wouldn’t take that advice if it was on how to pass a maths test but hey. She’s only talking business. And in business the only wrong is if it fails and anything that leads to profits is more or less successfull, therefore it be handy to know what kind of advice you are looking for, good luck with the maths exam…

If they couldn't make it a success presumably with knowledge and experience. How are you going to.

If you can do it, do. If you cant, teach. This is why I refuse to go into academics after graduating. I always feel passionate if it comes to the betterment of our human civilisation. I know teaching younger people is such a crucial thing. But I know I will feel so soul drained from not reaching my potential. Theres only so much that theory can do. And theres only so much practical applications that academics can do. You gotta go down to the field. Ive trained interns before, so I think Im getting the best of both worlds.

your teacher didn't became astronaut doesn't mean your teachers students can't be one.@@119beaker knowledge is not always about success stories, it's also about failures that come out as lesson.

Similar reason to why I won't put my money in 5/3rd bank. If they can't do fractions right I won't trust them with my money

Nah, the key is to have money in the first place

and usually don't have the skills and experience needed to run it more successfully than the previous owner.

This is the reality they don't tell you. Do not buy a business if you've never run a business before. It might be easy to buy its not easy keeping it going when you're having to fix it AND pay an extra 10% to the exited owner. Its not easy guys.

Facts!!...They make it sound easy than it actually is. Also most small businesses are based on Goodwill with the old owners, so when u take over most of the Goodwill is lost when the customers realize the ownership has changed, so projected revenue is far less than the actual

How do these businesses prop up their profits?

@@James-ws9ze There are several ways, but there are always unexpected expenses which they can pretend never happened. Always compare their tax return to their books, and I'd feel even better if they also show the business bank statements.

@@charliehorse8686 Thanks

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

She’s OLIVIA SULLIVAN FINANCIALS

she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.

I'm definitely gonna check her out. Do yo have any idea if she manages family fund?

She's definitely going to help you. All you have to do is look up her full name and reach out to her

Plenty of boomers retiring my dude

How does this comment relate to what I said?@@CubeInspector

@@CubeInspectoryeah and they aren’t going to leave you with a bank account full of cash, so how do you plan to fund the business and pay workers? And don’t say sales. Because it can take years to build up the profits and cushion to do that.

90% of small businesses don’t spend any money on marketing, that’s the first thing you can improve in any business

@@TheBajamin outside investors, i bought a car wash with $20k of other investors money and used that for reserves and improvements

Exactly, but if you’re starting and coming from a 5 to 9 job, and dont have a lot of money. then it’s worth to leverage capital

*say less

@@iliketotrade It's informal and commonly used.

OP: I... I feel like I need to say more...

​@@iliketotrade say no more is the perfect punchline for this joke.

What did she sell? Seeds? Equipment?

​@@bobbywhite5319mentions loyalty, business instead of store, and cash flow. from context clues I would say gardening services. ie design and install the flowers you want and mulch but not cutting grass. think interior design but with plants

Why didn't she sell to the employees?

Employees didn’t want it. They were happy working for 30-40$ an hour without thinking. She didn’t sell equipment or anything. Just closed down the webpage and stopped taking orders. She still have full shed of equipment and truck etc..

@@mstefa007 and people complain that CEOs make so much money when in reality, employees don’t understand They are the brains of the whole operation. Employees only want to get paid and go home, they don’t want to THINK.

Thank you for such a well articulated comment. Agree 100%

A friend who was a financier and also owned his own business once told me that if I was considering buying an existing business to make sure that I saw the "Official" Book and the "Real Book".

This is an overview of a tactic, not a lecture on business 101.

@@dannygrows a flawed tactic if you don’t consider what I pointed out.

That's not how it works. You see where you can add value and only buy if they have systems in place.

@@dannygrowsit’s a completely stupid idea unless your in a very hyper specific situation where a business owner(with a business that is successful) is willing selling their company aka very uncommon majority of the shit you’ll be buying is utter garbage

In her other videos she makes it clear that when you are starting or buying a bussiness you are going to have to work like a dog until you have something established you can step back from or sell.

All their hard work for spoil bears like you all 😢 ya became workers instead of boss.

This is exactly the point of her video.

Holy kicking yourself in the nuts. You should've sold it.

Yeah, I caught that too. I was like "there's a long time between 1 year and never"

What? There isn't a fixed number of buisnesses in the world... Year 1: 1 sold, 11 unsold Year 2: 2 sold, 22 unsold Etc Of course, the point was: many buisnesses go unsold. The specific number isn't important and is location dependent.

Can make it a little bit clearer?🙏

@@CCTENG2022 which part do you need me to clarify? Sorry post is a bit old and I have awful memory

😂😂 funny guy

Very true!

🤔

If you own a company, you don't owe anything personally

@@aoncars that’s not necessarily true LOL… it’s not hard to peirce through the coprate veil number 1… and number 2 depending on how you by it you may be personally liable for example if you used a SBA loan .. you personal assets can seized / go on your credit if you default … which is why people don’t like SBA loans and use SPVs. I’m not talking about theory like most people lol.

What’s SPV?

What is spv loan

And to fly!

There might be had America Not Murdered 63+ Million babies via Abortion. 🤔😯😥

Any of them in trucking, logistics, global Supply Chain?

And what exactly do you do with them? 😊

@@StuStevens-rn7rb I am a sales manager for a Fireplace and Appliance distributor.

@@ovigada I work for a distributor so I use those services.

I believe the assumption is it is a successful business that has stood the test of time, but the owner is retiring or can’t do it any longer and not a newer business

So you're saying to look for businesses that have a 15-year track record of success? Good advice.

@@merlin8675309 No, I'm just pointing out that throwing yourself into a business you have no expertise or knowledge on is unlikely to work out long-term. It's better to have a full understanding and start a business on your own terms than to jump into it, even for $0.

How did you figure out what percentage of failing businesses went on sale? Your math sounds shaky.

Your numbers are too optimistic.

And someone to run the business

No, successful businesses shut down all the time and it costs them money to shut down. Many many reasons, when you have 11 million it happens all the time. For example, their children might not want the business, they might be moving, they might have a new business idea to move on. They are selling a good business for nothing. So you go in and say "hey, ill give you 5% and just take it over and run it as is". Then they are free to go onto their next business, and pocket a 5%... What you need to do is find a good business that the owners have to move on quickly, and you just take it over for free.

People want to shut down for different reason. My dad had an electronics shop in late 90s where he used to manufacture mainly stabilisers (the shops also gave repairing service for other electrical appliances). Then he took approval for opening manufacturing unit for inverters and I live in small town where back then no one used to buy inverters bcz they were costly. His business was running quite well as he understood that in small town if you provide good product, ppl stay loyal to your business (at least back then that's how it was). But then he passed away in road accident and my mom was already mad bcz she blamed the business for being stressful and thus causing dad to lose life. She had no interest in that & she announced my kids will never be businessman. My grandpa gavve the shop to the ppl who used to work in the shop to run it but they failed somehow so finally all the machines were sold and shop was shut down forever. If there who could have run it properly then it would have done quite well bcz even now after more than 20 yrs I meet ppl who tell me about how they had stabilizers from the shop which lasted quite long. They are like "I know your dad. I bought stabiliser from there and we had it for so many years"

You're simply wrong. People retire. Baby boomers are the largest population of business owners in human history and they're all aging out. There are millions of profitable/ cash flowing businesses for sale.

@@geroutathat That makes no sense. Why would anyone accept a cut from their own business when they can just sell the business to a competitor, who would be happy to buy them out and even pay a good price on it?

@@Phoenix.219 great story from the 90s. Today, there's the internet. Anyone who wants to sell off a profitable business can advertise it and get it sold for a good price easily or hire a qualified manager to run it for them while they act as passive partners.

But if you have entrepreneurial skills you can grow that business No business ever fail, fail is Person who run that business.

​@@shaheryarkhan7131okay if businesses never fail or there's no such thing as a business failing try selling dial-up internet and just dial up internet only and see how far you'll go with that

​@@shaheryarkhan7131No business ever fails?! Remember Blockbuster Video? That business didn't fail because of the people

Then start your own business rather than buy someone else's and have to pay 5% to the previous owner. According to you "no business ever fail" so it will work out. Anyone who says "no business ever fail" is deluded or selling something.

​@wesleywashington1251 blockbuster was offered a deal with Netflix and they didn't do anything Online. Same with sears. Both companies knew online was the way to go and neither fully invested in online sales. Or developing staff to get online sales. So their online competitors pushed them out. That's why Walmart and target have huge online sales now.

No shit but typically established businesses can cover operational cost even if they aren’t hyper-profitable. That’s the benefit of not starting from scratch.

@@justinrose5515 It’s pretty easy to start a business from scratch. It’s not like you are gonna get any assets from a $0 business. This is just a dumb fucking video from someone who doesn’t know what they’re talking about.

Hi there, I am prepared to buy your baby bathwater business for, oooh, transaction costs, plus 5% of future profits. If this sounds like a deal you could be interested in - please, get in touch!

Lol😂

HAHA

Make an OF now jajajajajaja😂

can I buy your bathwater business for 0 dollars?

She has an MBA, a masters degree, owns 14 businesses, one of which she has built $1 billion+, she sits on the board as an advisor for three companies, she is brought into several media companies as a pundit to speak about economics and business, and she runs a RU-vid channel with about a million subscribers. And you’re trolling on her with all lower case letters like you think she’s going to read it and care, while instead are just helping push up her channel in the algorithm.

@@joeschneider3894hope she sees this bro

@@joeschneider3894 She wrote 1 in 12 as 1-12. Like we don’t have a symbol to represent fractions… And dude, an MBA is the same as a masters, and I assume it’s her only one. You can get a MBA by falling down the stairs at your local community college for 2 years.

​​@@yupp9393I don't understand how is that your only takeaway from what he said. She built a billion dollar empire. Clearly she knows what she's talking about.

@@joeschneider3894 hahaha she's hilarious

-11 😂

It's not an equation she is just writing as she talks.

@@CazRaX she's writing incorrectly as she talks. There's no world where one in 12 shouldn't be written as 1 / 12. It's just an insight into this being complete bs.

@@TonyContiniProductions Like I said, it is not a formula, she is just writing things. As long as you understood (if you can hear and see then you understood) it does not matter. Good lord, you nit pickers are annoying, you know what she meant, you understood it yet you still make a big deal about something that does not matter.

@@CazRaX "you know what she meant" is not how math works. We have symbols for a reason. People who defend random bs online are annoying haha

Think the person has to a wear small leather skirt and show some arm while searching.

Choose an industry. Get out a business directory listing companies in that industry in your city and make Lots of phone calls.

@@maambomumba6123 Hopefully I dont make Codie mad.😁 wow, the difference of one word.

Google loopnet and hire an agent. This is where rubber meets the rd

Yea just walk into any business, pull ur pants down and let the f u in the a. Cause that’s what will happen to you. It’s failing for a reason. And if they are giving it away for free bring the lube

Yeah exactly and every business owner is just gonna know you’re trying to finesse them. A lot of people know what they have these days.

It's better to buy a business than to start your own is her ultimate point. She has made millions doing this.

I feel like this whole scheme is like buying a pair of unwashed used socks..

@@robob3ar It’s like saying “purchase a business for a really good deal” or “buy low sell high”.

@@sugahoney89this is what she said. So if she’s making millions doing so why does she need to teach us how to do it? And became possible competitor?? Bro wake up. Her real business is RU-vid and courses in the niche of buying small businesses.

Yes but it's "just business"

Is it? This is a discussion with the current business owners. Who may be looking to shut and get zero. Instead gaining passive income, and recognition the that their business is worth value, avoiding disappointment of seeing their x years hard work to build the business disappear forever. The new owners for their investment can also knowledge share with them drawing on their wealth of experience and contacts.

Pure capitalism

It's a win-win tho? The business owner was about to shut it down anyway

@@CC-ru4rr No, no... you should give them your wealth so they can be happy. You don't have to be happy, because you're a fat cat investor trying to take advantage of them by enriching yourself. In fact, let's make it easier and just have the government take your money away and give it to the failing business so they can drag on running it poorly until there is no more capital left to shovel their way. It works, I swear. Just don't look at history books.

Hmm because opportunity comes when and where you least expect it.

@@bboyswoosh87 Because you don't understand that if the owner is going to throw the baby out with bathwater. It means the business is under debt and not working. And let's say you manage to get the business for zero dollar. Cool. Now you have a failing business that have tons of liabilities.

@@RandomPerson-tz7wk Did you not hear what shes telling you. If you have no idea on how to make this business profitable stay away. You can turn a business profitable by adding better marketing, machines and etc. But if you don’t know what you are doing that might as well stay away.

Serious question, are you saying as a business consultant you never helped improve a failing business? What was the point of your consulting?

@@TheGkmasta as a business consultant I worked in the capacity of improving process efficiency and technology infrastructure. I was not someone who tried to save failing businesses, that's an entirely different thing all together.

Thanks for saying this like I wanna make 5% when I’ll make more off my assets

Bizbuysell is a website

im pretty sure they already have something like that.

So what is it

What are you talking about? Its just a new owner

Someone in the comments talked about elderly people who want to retire and whose children don't want to take over their small business : it makes sense to sell such a business to someone ready to put in the work. There are many reasons why people sell their small businesses.

What’s the better alternative then?? Just let business fail so higher ups like you end up with no job?

wtf are you talking about??

I was just joking about the mole

Go to the pools an rivers there are a lot in them 😃😃😉

Find businesses who want to retire and sell and stay in communication with them till they are ready where you can use this tactic. At least thats how Im trying this.

The theory is that the new owner can buy the businesss with the most potential. Nurture that potential and turn around or improve that business.. ...

Why are you assuming the business owner isn't making money?

@@awakenotwoke1973 I'm assuming because they're going to sell it for $0 genius are you paying attention?

@@user-iy2bk1el6e They're not just selling it for $0. It's not me that's not paying attention... knucklehead

It happens all the time. Some of my partners in business all they do is buy companies that show promise but are about to shut down for one reason or another and turn them into more profitable busiensses and sell them again before ever owing the previous owner anything. Then they get, paid out in the proceeds selling the business. It's pretty common practice.

Bizbuysell

Your wild for that 🤣🤣