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.

About the CSUF Center for Entrepreneurship:

We are dedicated to helping the next generation of entrepreneurs (both at CSUF & the general community) develop the skills that they need to compete locally and globally. The CSUF Entrepreneurship program does many things, including: consulting projects where students serve up fresh strategies to actual businesses, competitions for students from middle school to grad school, helping entrepreneurs go from concept to launch, frequent seminars and office hours for entrepreneurs and professionals, and much more. Interested in becoming a part of the CSUF Entrepreneurship community? Reach out to us at csufentrepreneurship@fullerton.edu for more information! CSUF Entrepreneurship depends on the support of the community, please go here to donate. Interested in Starting up a business? Please learn more about our CSUF Startup Incubator here.