In today’s episode, I interview Shakil Prasla founder of SZ Ventures and owner of 8 (and counting) profitable eCommerce businesses – none of which he runs day to day.
In this episode, Shakil and I took a deep dive into his business model of buying existing profitable eCommerce businesses.
We talked about why he prefers to buy existing companies, how that makes fundraising so much easier, and how it allows him to keep out of the day to day operations.
We also talked at length about how he finds his deals, the criteria he uses to avoid making a bad decision, and the myriad of creative finance strategies that he uses.
If you are thinking about starting an eCommerce company, I urge you to listen to this episode to gain a different perspective.
Starting a company is really hard. I have done it 3 times and I don’t really ever want to do it again. I’d much rather buy a business that already has products, customers, and cash flow.
Truth be told, that is the #1 reason why I interviewed Shakil – I’m currently on the hunt for a company to buy and wanted to learn as much as I could about the process.