Launching a startup from the ground up comes with significant uncertainty and risk of failure. Instead, prospective business people can do what scholars call Entrepreneurship Through Acquisition. A person acquires a profitable running business and continues the performance trajectory, benefiting from positive cash flow from day one.

Some 90% of new ventures fail within the first year and 20% close their doors by the second year. Less than half of all start-ups survive the first five years, and just 10% survive in the long run. Only 40% of startups make money, and just 30% break even.

Acquiring a running business is a brilliant way to short-circuit this risk. This event will also include a Social Entrepreneurship theme. We look forward to answering your questions in the Q&A!

About the speaker:

Adil Karamally has started and acquired several businesses in his professional career. He also directed financial planning at Procter & Gamble Corp. after reciving his MBA from the University of Chicago Booth School. Adil enjoys being an Instructor and Coach to entrepreneurship students with the ability to inspire students to learn.