Key Ideas and Facts:

• Critique of "No Money Down" Sales Pitches: Finger criticizes the proliferation of ads and programs that promote buying businesses with "little to no money down," calling it "stupidity." He warns aspiring buyers to avoid anyone pushing this paradigm. "Do not trust anyone who pitches you on how to buy a business without using your own money."
• Prediction of Peak: Finger predicts that 2024 will be seen as the "high-point of buy-a-business for no money down stupidity." He suggests that those susceptible to these pitches have likely already been targeted, leading to diminishing returns for the gurus promoting them.
• Community Response: The comments on the post reveal a diverse range of opinions. Many agree with Finger's assessment, citing the unrealistic nature of such deals and the potential for scams. Others acknowledge that while completely "no money down" deals are rare, structured deals with deferred payments are possible under specific circumstances.
• Challenges to the Prediction: Neal Isaacs, mentioned in the post, "think[s] Mike underestimates how stupid people can be," suggesting that the trend might persist due to the continued appeal of quick-fix solutions.
• Real-World Implications: Commenters like Matt Currie highlight the negative impact of "no money down" buyers on the business acquisition process, creating distrust among business owners and complicating deals with legitimate buyers and intermediaries. "What's worse, is it's ruining the experience and trust for business owners getting reached out to by 'Buyers' only to find out after wasting erroneous time with them, they drop the 'deferred down payment' or '$0 now, deferred payment' model with wild west structures."
• The Problem of "deferred down payment" Model: Some commenters talk about the "deferred down payment" as a means to buy a business. However, people warn this method is not professional, and "wild west structure."

Find that full post here:

https://www.linkedin.com/posts/mike-finger_business-smallbusiness-entrepreneurship-activity-7285629734577750016-c8YB?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAB93fwBBqpG4EyWpoMTT0FThJ1EDPH5rg8

DISCLAIMER: The BizNexus Roundup podcast features AI hosts whose analysis is based entirely on pattern recognition and reports created by actual human experts. While our hosts can process vast amounts of data, they've never actually closed a deal or sat in a boardroom.

Our discussions draw from publicly available sources and expert insights, but we strongly encourage listeners to consult the original documents and reports referenced in each episode for the complete context and analysis. The AI hosts' market predictions and deal assessments, while data-dri

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Show Credits

Intro Music Artist: DJ Freedem | Track: Pretty Boy