Mindset, Grit & Failure
Is it better to start a business or buy an existing one?
Answered independently in 2 episodes, by 2 different people. Every line below is verbatim from the transcript, timestamped to the moment it was said.
The short answer
What the archive says
01If you can't fund a startup, acquire instead and raise the capital from investors; consistency and one step at a time beat waiting for perfect conditions. source →
02Rather than start a business, buy an established one — Charles points to exhausted boomers whose kids don't want the company, available for pennies on the dollar, and cites a pickled pigs feet business bought for $100,000 and sold for eight figures. source →
In their words
What 2 people actually said
I mean, not a hundred, but you know what I'm saying. So I want to start in today's age. I want to start, I would acquire.
The seals do this better than anybody else. It's called decentralized command. We start pushing down command up and down the chain.
The episodes
2 episodes answer this
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