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
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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

[@victorikenna2428]

Thanks for this video.

[@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.