Good is to Know, Better is to Become

This week I learned different stuff. I think the most powerful insight is to learn the difference between what the world encourage us and what the gospel encourage us. The world want us to know, the gospel encourage us to become. It is in action the difference. I think this is true and this applies to entrepreneurship. We can learn how to do a business in theory, we can read a lot of book, we can know that we want to be entrepreneurs, but we need to act so we can become entrepreneurs. The only way to be an owner of the company is to own a company. There is not other way.

There was a case we study about someone who wants to acquire an existing business. It was so interesting to learn about it. I learned that it is good to acquire a business that is not that big and not that small, so that you can escalate into a next level.

There are 4 steps that are crucial at researching for acquiring a company.

First, know the reason why the owner wants to sell the company. Second, you need to do a sound financial analysis. Third, you must do an analysis in the company’s strategy position and the market. Fourth, consider the people that are involved in the business. Fifth, know the state of the company.

I think those steps are great tools that I got from this week for the future. After reading this case, I think it would be a good idea to acquire a company at sale and with discipline and good management take that company to a next level.