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Not only does Ace Chapman have a really cool name he also does something really cool for people looking for businesses that produce cashflow. He connects them with businesses up for sale that are right for their goals. He talks to us about micro-private equity funds, greed, the criteria involved in buying and selling businesses, and a whole lot more. Ace had an interest in business early on, getting his first taste for it when he sold his Kindergarten pictures at church. From there his passion for business grew. He learned to listen for problems he could solve for sellers (sound familiar?) and how to raise capital to purchase businesses. His first deal came when he was in college and learned what “LBO” meant and why it’s so important. (It’s a Leveraged Buy Out and it is a critical concept when buying businesses.) Ace hit plenty of walls, but he kept going. He knew that if he could buy this first business it would change his life. He was right! It put him on his current path, helping lots and lots of other people do the same as he has done. He didn’t focus on what he did or didn’t have; he didn’t focus on what other people were saying. He focused on solving problems he could solve in the market. He had to shift his mindset, too. This is an incredibly interesting Cash Flow Diary podcast episode, because Ace does similar things in his market as what I do in mine, but there are lots of differences, too. He even had to learn how NOT to listen to those in his life who wanted to “protect” him from making his initial decision to buy that first business. You’ll enjoy listening to Ace as he speaks from the heart about his path and passion in business and life. You will be amazed by the choices he had to make to reach his entrepreneurial goals.