I bought an £8.5 million business… as my first acquisition

Your free training on how to buy a business without cash is here: bit.ly/3IQ0Efm
If you think you need to buy a small business as your first acquisition before you buy a bigger business, think again.
Bigger businesses are easier to run, they are easier to finance, and they take the same effort to negotiate and purchase as a smaller business.
Let me introduce you to one of my clients, Tim who bought an £8.5 million revenue business for his first deal.
Tim had never run a business before, yet with a proven business buying system and the right support, he secured a deal that has been life-changing.
You can watch Tim explain how he sourced and closed the deal, where you'll also discover…
- Why Tim’s lack of experience running a business made zero difference to his ability to own a business
- How his property investment experience proved useful in the business acquisition process
- Why going for a broad deal sourcing strategy worked out for Tim (and when to use it)
- Why Tim has no involvement in running the business once a deal is completed (and how that works in practice)
- How Tim used a “give and take” approach to negotiate the asking price down and agree to better terms
#businessacquisition #buyingabusiness #businessbuyingstrategies

[@theDealmakers]

Your free training on how to buy a business without cash is here: bit.ly/3IQ0Efm

[@TalkA.I.]

One of the best interviews. Extremely informative

[@dickymint7120]

Excellent video.

[@theDealmakers]

Glad you liked it!

[@psymon25]

Clearly was millionaire in the first place

[@user-yd9ny1vq1m]

Did this person have no prior knowledge of the construction industry??

[@rogerdsmith]

He admits that. What’s important is the ability to negotiate.

[@opreadumitru1]

The same rule he said about when you mess up big time also applies to dating or meeting new women YOU never see them Again Ever
Of course you need to learn from your mistakes write them down somewhere and avoid doing them if you saw it does not work
Seller Motivation is key concept in buy a good profitable business with employees and good management in place but in flexible payment terms over a period of time