Programs / bETA
10-week, hybrid accelerator for underrepresented entrepreneurs interested in acquiring a small business.
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What you will learn.
Learn.
1.
From Day 1, bETA Fellows dig into the ETA process. Fellows will:
- Learn precisely what ETA is (and what it’s not)
- Have opportunities to develop their own investment theses
- Develop an understanding of ETA best practices from initial search to valuation to post-close transition
Search.
2.
bETA has an action towards bias and Fellows will begin their search in week 1. Fellows are equipped with knowledge on how to engage brokers, sellers, and other stakeholders to go from CIM to LOI to close.
Acquire.
3.
After you’ve learned and searched, it’s time to acquire. bETA Fellows are armed with all of the resources needed to successfully secure financing and close on their acquisitions. M&A attorneys, QoE providers, investors, lenders and other deal experts in the NMCF network will collaborate with Fellows to get their deals closed.
About beta
bETA is a 10-week accelerator designed to educate and prepare underrepresented entrepreneurs to acquire and run an existing small business.
Starting a business from scratch is hard. You have to validate your idea, raise funding, attract customers, build operations, and beat the daunting odds of a 90% failure rate. Buying a business allows you to acquire a cash-flowing business from day one.
Modules
bETA is comprised of 9 modules.
Each module is designed to deepen fellows’ knowledge about the process of acquiring a business – from finding a target, to conducting due diligence, from financing to scaling post-acquisition.
Orientation.
1.
Finding the right business.
2.
Finance & Valuation.
3.
Structuring.
4.
Negotiations & Legal.
5.
Marketing.
6.
Operations & Technology.
7.
HR & People.
8.
After the acquisition.
9.
FAQ
We’re here to help. Reach out with more questions.
bETA is open to individuals across the country embarking upon ETA (entrepreneurship through acquisition) as a self-funded searcher. Select seats in each cohort are reserved for residents of the specific state or region.
The curriculum is delivered by faculty from Babson College and other partner institutions.
Yes! All sessions will be free to you as a bETA fellow.
bETA Fellows are responsible for their transportation to in-person sessions. NMCF will provide complimentary hotels, meals, and local transportation.
Yes. The accelerator will also teach you how to actively engage with brokers and current listings of businesses for sale.
We look for individuals who:
- Have a strong interest in owning and managing a small business
- Have demonstrated leadership abilities
- Demonstrate good judgment, grit, and empathy
Typically lenders require a 680 credit score to get approved for a bank loan. Credit score requirements vary based on the lender. bETA fellows have access to complimentary resources to improve credit scores by the conclusion of the accelerator.
bETA will expose individuals to pre-acquisition funding options to cover costs such as legal and financial due diligence. Participating in bETA does not automatically guarantee any fellow to funding.
Financing options vary based on the deal. During bETA, fellows will be exposed to a variety of financing options and deal structures.
bETA does not provide college credit. All fellows who successfully complete the course will receive a certificate of completion. The certificate can be used to demonstrate that you possess the relevant knowledge when it comes to acquiring and operating a business. This gives investors, lenders, and sellers confidence in you as a buyer.
Sessions will be held either virtually or in person in the respective cohort city. Individuals accepted into the accelerator will be provided with detailed logistics before Orientation.
A detailed cohort schedule will be distributed to individuals who are accepted and enroll in a cohort.
Testimonials
Hear what participants have to say.
Ben O.
Raul M.
Paul C.
Gideon A.
Gabriel M.
Gabe P.
Devin F.
