300k Business Deal EXPLAINED | BUYING BUSINESSES STRATEGY
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- čas přidán 18. 04. 2021
- In this video I explain how we have just bought a business doing around 300k in turnover, how the deal was structured, why we did this and how you can do something similar to grow your business.
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If you’ve listened to one of my many podcasts or watched one of my videos you’ll be familiar with my passion to help business owners overcome some of their pain points.
Throughout my business journey I’ve met and helped countless entrepreneurs who:
- Don’t have time
- Don’t make the money they want to
- Dream of but don’t have a clear exit plan
- Struggle getting new customers into their business
- Are stuck in operations; running the business, not building it
- Continually fighting battle after battle
If this sounds familiar and you’re looking for help then these videos act as a helping hand.
I’m on a mission to help business owners change, from surviving to thriving, using all the experience, learnings, mistakes made and successes that have led me to my current businesses turning over £12 million and employing 400 staff.
At heart, I’m an entertainer who’s passionate about helping business owners. I speak at business conferences around the country and have set up a seminar business, teaching business owners and entrepreneurs how to Soar To Success.
I also love teaching people how to get more customers, how to keep them and at the same time build a business that literally works without them in it.
So if you’d like to build a business that gets more customers, makes more money and generates regular income then make sure you subscribe to my channel today.
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This growth by acquisition strategy is brilliant and your format with so many branches to cross-sell your other product ranges to is brilliant....I am now going onto Jonathans course....because you showed it to me, thanks.!...and the properties can be bought ‘off-market’ too...
Absolutely fantastic
You are a genius James.
Interesting business 😎
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How would you find these sorts of businesses? Is it just through networking and things like that?
People come to me these days as I have made a ton of content, you could also use letter in the post to approach people and yes networking.
@@JamesSinclairEntrepreneur thank you James for that. Have a good evening sir 👍
@@JamesSinclairEntrepreneur Thinking about it, I actually nearly did vendor finance in the past. It was a deferred consideration agreement, I managed to negotiate a lower upfront, with a market value bridge on a hotel which made it a virtually no money down deal. Thinking back I really wish I went for it, the only thing that stopped me was my self-doubt (as I was only 20), and the working capital requirements. A year on, I really wish I knew what I know now lol
We are in process of buying first SME.
Not as good as this, but we've done it by using heuristics (retiring owner in Construction services), get data from companies House and then reaching out directly.
Takes time and a lot of no. But our theory is over time this will snowball as we complete on first few we will inform the people that said no and when they are actually ready we will be top of mind.
@@AidanHeronUK Cheers for this, much appreciated 👍
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On a scale of 1-10 how realistic is it for a full time employee to buy and grow an existing business as a way of creating an alternative income stream?
Start a side hustle. Sell stuff on eBay and FB at weekends.
You can work full time on your job and part time on your fortune evenings and weekends
@@JamesSinclairEntrepreneur thanks so much for replying. Something to consider - where would someone go about acquiring stock to sell in the first place?