132: Buying a Business vs. Starting a New One, with Ace Chapman

Ace Chapman is an Investor Strategist who has bought and sold over thirty businesses and has helped his clients buy over one hundred businesses all over the world. He bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it, he then realized that there are more benefits in buying a business over starting one, which paved the way for his investment career. On this episode, Ace weighs the difference between buying a business and building a business. As an investor himself, he explains his approach to business that may help other investors generate the best returns. This is also an inspiring episode where he shares his amazing journey from being a college drop out to becoming a successful businessman.   Where we are: Johnny FD – Mexico Sam Marks – Russia Links: AceChapman.com Ace’s Story Masterworks.io - Join an exclusive community of blue-chip art investors Time Stamps: 09:05 – Ace’s Story 17:43 – What are the businesses he has ownership of? 20:41 – Buying a business vs. building a business 24:00 – Categories of businesses he is into 25:09 – “Every time you go to a successful business and learn from an entrepreneur who made it to the other end against all odds, you can learn a lot.” – Ace Chapman 29:15 – Pros and Cons of online and offline businesses 40:44 – Financing strategies 47:21 – Where to go for financing 50:02 – The “snowball effect” 56:27 – “Thinking creatively about where to put your money and generate the best returns, that is the real goal.” – Ace Chapman 58:25 – His passive investments 40:03 – “I am definitely an investor” – Ace Chapman 1:00:32 – How to distinguish an investor from an entrepreneur 1:03:39 – Things to consider when buying a business   If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2019. All rights reserved. Read our disclaimer here.

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Interviews with the world's best investors and find out what they are currently investing in whether it be the stocks, retirement accounts, Wealthfront, Betterment, Vanguard, mutual funds, real estate, Forex, REITs, or other types of Investing methods. Millionaire and Entrepreneur Sam Marks, Johnny FD & Derek Spartz invest alongside listeners as they share their personal portfolios as they save their hard earned money for travel, life and retirement. Invest Like a Boss covers all aspects of investing in the modern age in a fun, entertaining way. The show hosts interview the worlds best investors, financial Insiders, entrepreneurs and CEOs to find out what they are investing in and strategies to gain outsized returns. In this modern age of investing, new investment instruments are popping up each day, from P-2-P lending, to robo-advisors, equity crowd-funding to REITS. Investors today need to combine centuries of investment wisdom with an modern outlook and approach. Entrepreneurs Sam Marks, Johnny FD & Derek Spartz each took different paths to success to now focus on learning how to invest alongside the listeners in order to put their hard earned money to work. Copyright Invest Like a Boss Inc.