Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game
At a glance
LuvemBooks Verdict
Best for
Aspiring first-time business owners who are seriously weighing whether to launch a startup or buy an existing company and want a structured, phase-by-phase methodology to guide an actual acquisition search.
Worth it if
The reader has entrepreneurial ambitions but no prior M&A experience and wants both a strategic case for the acquisition path and concrete operational tools — from crafting a target statement to valuing a business and negotiating with sellers.
Skip if
Readers who already have professional deal-making or M&A experience, or those seeking frameworks for institutional buying, private equity, or multi-company roll-up strategies will find the scope narrower than their needs.
What readers & critics say
Kirkus Reviews awards the book its "Get It" verdict, calling it "a deftly written, exceedingly thorough, and highly informative business guide" and praising it as "a top-notch, start-to-finish, comprehensive manual" for entrepreneurs intrigued by acquisition. Ankney Law's review highlights the book's practical advice on determining whether acquisition entrepreneurship is the right fit, and on working effectively with advisors.
“A deftly written, exceedingly thorough, and highly informative business guide — a top-notch, comprehensive manual.”
— Kirkus ReviewsLook inside the book
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- Is it worth reading?
- For prospective first-time business buyers, Buy Then Build occupies a genuinely distinct niche — mainstream entrepreneurship publishing has historically centered the startup narrative, and Deibel's direct challenge to that orthodoxy, backed by a phase-by-phase methodology, fills a gap few comparable titles address with the same operational specificity. The four-part structure gives the book a logical momentum that mirrors the actual sequence a buyer would follow, making it useful both as a linear read and as a working reference. The main caveat: readers with existing M&A or deal-making experience will find the foundational financial and deal-structure coverage covers familiar ground.
- Similar books
- Readers drawn to Buy Then Build's action-oriented finance and entrepreneurship angle will find natural companions in the LuvemBooks catalogue. Eric Ries's The Lean Startup offers a contrasting philosophy — building from scratch through continuous innovation — making it a useful point of comparison for readers weighing both paths. Jim Collins's Good to Great examines what separates high-performing businesses from the rest, complementing Deibel's focus on acquiring companies with strong existing fundamentals. For the wealth-building and financial-literacy dimension, Robert T. Kiyosaki's Rich Dad Poor Dad and Thomas J. Stanley and William D. Danko's The Millionaire Next Door provide foundational context, while Benjamin Graham's The Intelligent Investor speaks directly to the value-investing mindset that underpins acquisition entrepreneurship.
- Who should read this?
- Buy Then Build is squarely aimed at prospective first-time business buyers — individuals with entrepreneurial ambitions who have not yet launched or acquired a company and are seriously weighing their options. It is particularly well-suited to readers who are drawn to business ownership but skeptical of or daunted by the startup path, and who want a structured, phase-by-phase methodology rather than inspirational framing. Readers already experienced in M&A at a professional or institutional level, as well as those seeking frameworks for corporate acquisitions, private equity deals, or multi-company roll-ups, will find the scope too narrow for their needs.
- About Walker Deibel
- Walker Deibel is the Wall Street Journal and USA Today bestselling author of Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game. An entrepreneur and investor, he has co-founded three startups, acquired seven companies outright, and consulted or participated in over 100 business transactions. Following the book's success, he launched an elite accelerator focused on acquisition entrepreneurship.
- What are the key concepts?
- The book's central argument is that 'the startup phase is a company killer' and that acquiring an existing business allows a buyer to bypass it entirely while stepping into an established market position. Key tactical concepts include the 'opportunity profile' (defining the type of acquisition target to pursue), the 'target statement' (articulating specific search criteria), financial statement analysis, and business valuation basics. Deibel also introduces the 'CEO Mindset' as a mental framework for approaching acquisition entrepreneurship, and devotes significant attention to seller psychology — techniques for building trust and conducting non-threatening deal conversations.
- Why acquisition over starting a business?
- Deibel's core argument is that the startup phase itself is the primary risk factor for most entrepreneurial ventures — and that acquiring an existing business eliminates that phase entirely. An established business already holds a market position, a customer base, and operational infrastructure, giving the buyer a meaningful head start over a competitor who would have to build those from scratch. The book frames acquisition not just as a risk-reduction strategy but as a competitive advantage: by buying an existing player, the acquirer simultaneously eliminates a direct competitive threat and steps into proven cash flows.
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Age & Reading Level
Recommended age
Adult
Reading level
Adult
Skip if you are an experienced M&A professional or institutional buyer looking for advanced deal-making frameworks beyond the fundamentals.
Editorial Review
Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game is a 2018 finance book by Walker Deibel, published by Lioncrest Publishing, that makes a structured, experience-backed case for acquiring an existing business rather than launching one from scratch — covering everything from identifying acquisition targets to negotiating deals, analyzing financials, and managing ownership transitions.
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