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.