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The Lifestyle Business Owner: How to Buy a Business, Grow Your Profits, and Make It Run Without You, by Aaron Muller
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About the Author
Aaron Muller is the founder of Lifestyle Business Owner Academy and a serial entrepreneur who currently owns eight multimillion-dollar companies that run without him. He is a #1 international bestselling author and the world’s leading trainer on owning a small business that runs without the owner. Having never gone to college, Aaron learned everything in the school of hard knocks. After owning or co-owning more than twenty companies in the Pacific Northwest, Aaron has probably dealt with every problem a small business owner can face―from employee headaches, lack of profits, and lack of time to lack of enjoyment and lack of contribution. He founded Lifestyle Business Owner Academy and wrote The Lifestyle Business Owner to teach emerging entrepreneurs how to own a small business that generates a six-figure income, runs without the owner, and creates social good through the operations of the business. Over the last fifteen years, Aaron has mentored thousands of small business owners as a business broker, consultant, and coach. Through his seminars, videos, and online courses, Aaron inspires a new wave of entrepreneurs to become lifestyle business owners. Meet Aaron and receive free training at www.LBOAcademy.com
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Product details
Paperback: 254 pages
Publisher: Morgan James Publishing (April 24, 2018)
Language: English
ISBN-10: 1683506499
ISBN-13: 978-1683506492
Product Dimensions:
6 x 0.8 x 9.2 inches
Shipping Weight: 12.5 ounces (View shipping rates and policies)
Average Customer Review:
4.7 out of 5 stars
98 customer reviews
Amazon Best Sellers Rank:
#59,997 in Books (See Top 100 in Books)
I want to preface this by saying I’m not a business or financial expert by any stretch of the imagination.I have worked for 20 years at a small business and seen pretty much every side of that business. I also work at a university with an entrepreneurial major that is incredibly popular. I can certainly see the appeal of owning your own business.Generally my rule in dealing with almost anything is if it sounds too good to be true then it probably is. This book promises to teach you how to buy a business, put a year into it building it up, and then withdraw to work 5-10 hours per week while making $100,000 or more per year.To me it really sounds too good to be true.As I said I do work for a university so I am a big proponent of higher education. The author proudly states several times that he took no classes beyond high school which does not necessarily fill me with confidence. I would also say that the author, who is a business broker, strongly pushes the idea that anyone buying a business needs a broker. In fact that is the very first thing the author suggests in the chapter about additional resources. My other criticism is that it does seem to contradict itself in a few places, such as the suggestion that you must be deeply invested and interested in the business and also more than willing to give it up if it is not profitable.That said I don’t think it would hurt anyone that is considering investing in a business to read this book. There is a wealth of advice in this book, especially in looking at financials and choosing the correct business. Since I’m not an expert I’m not qualified to tell you how useful this information is, but at a glance it seemed useful to me.Since they offer the promise of working only five hours per week as a business owner the book also gives advice on hiring a manager to handle the day-to-day work after a year or more building the business.So if you have large amount of money to invest (something else the author strongly encourages) and are looking to buy a business I think this book could have some good advice for you. I’m a little skeptical that it will have you working ten hours per week and making $200,000/year.
This book is very similar to Robert Kiyosaki's style of writing. If you liked Robert Kiyosaki's book "The Business of the 21st Century" which details network marketing and how this is the business of the future. In that book he outlines how network marketing can change your life and why it is the best type of business in the world. However, the one thing he doesn't do that this book does do is give you a bit more insight as to how to execute. Now I'm not going to say this is the Holy Grail as to how to live your life, make money and then create wealthy, and it isn't by far an overnight process, (Anyone that tells you that is selling you a lie, or delusional) however, this book will point you in the right direction and help you establish the mental framework around which you should be using to get to the life that you want.
As a small business owner, I found this book quite informative and helpful. I had never heard of a lifestyle business owner before, but the concepts make total sense. Running the business rather than letting it run you is important in my mind because why would anyone want to go from working a normal 40 hour a week job to an 80 hour a week job for less pay.I was skeptical at first about the author’s advice to buy an existing business especially since I felt that it would be hard to find a company that could fit one’s ideal preferences. However, he convinced me of the soundness of that advice. I hadn’t really thought about how much time, effort, and money is spent just getting the business off the ground. Why go through all that hassle if other opportunities are available to fulfill your plans?!I enjoyed the fact that the author provided specific examples to reinforce his points and I found this book a great read. I will definitely be referring back to this book as I grow my business and look for other opportunities to expand.
This has useful advice for anyone looking to start their own company, or turn their side hustle into a sustaining company. I’m not sure that the opening chapters goals of a $100,000 annual income for 5 hours of work per week is likely, but he does accurately point out that work for someone else will never get to that level, so why not try? And this book has a lot of helpful information for anyone looking to try. With detailed profit & loss charts and clear examples, this is an educational book for all small business owners. Not every chapter will be applicable to every business, of course, but information about successful marketing and successful teambuilding can help all businesses and bosses.The goal in this book is to build a successful business and then step back from it, letting your smart decisions and early hard work pay off over a long time, instead of working forty or more hours to keep the business going. That’s the goal of the lifestyle business owner.
In this day and age it is hard for any millennial to move out and live on their own with this rough economy. However, if you have an entrepreneurial spirit and are dedicated and determined to make your business prosper I certainly recommend reading this book. Aaron Muller offers beyond practical advice for any business owner whether its a start up company or long time owned and franchised company to help make it prosper. I especially appreciated the advice provided in chapter 6 entitled getting into the right line of business and chapter 8 entitled increasing revenues through smart marketing. Also the link for the free bonus business training videos attached at the end of the book were very informative and helpful with my independent business ventures. Overall, if you are just starting out with your business or currently struggling financially this book will help change your viewpoint and thinking. Highly recommend.
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