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

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

[TalkA.I.]

One of the best interviews. Extremely informative

[psymon]

Clearly was millionaire in the first place

[GazD-ld]

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