Business Buying Strategies from The Dealmaker's Academy

In the latest episode of the Business Buying Strategies podcast, Jonathan Jay reveals some of the most common business buying mistakes we see new and inexperienced business buyers make. (And many experienced dealmakers, too!) Many of these mistakes can seriously damage your ability to source deals, negotiate the best price and terms possible and can even stop deals in their tracks. What's more, many of these mistakes can be easily avoided. Listen to the Business Buying Strategies podcast today and discover whether you are making any of these 12 most common mistakes when it comes to buying a business. Here are the key highlights: 01:17 The Pitfall of Using Your Own Money 02:43 The Art of Financing a Business Purchase 04:48 Avoiding the Trap of Buying a Job 05:51 The Danger of Overpaying for a Business 08:46 The Importance of Understanding the Business You're Buying 10:44 Balancing Your Day Job and Business Buying Journey 12:54 The Power of Thinking Big in Business Buying 15:42 Assembling the Right Team for Your Business Purchase 17:34 The Importance of Cash Flow in Business Buying 20:26 The Risks of Buying an Underperforming Business 23:10 Understanding the Seller's Motivation 25:56 The Importance of a Company's Reputation 27:46 The Crucial Role of Due Diligence in Business Buying Here is what you will discover… Why buying a small business is the same effort as buying a large business (but can leave you with more stress, worry and sleepless nights…) Why you must never sign a personal guarantee (unless you want to risk losing your house or other personal assets…) Why putting your own money into a business acquisition is a huge risk (even if you have money in the bank) Why there are so many better ways to finance a business acquisition that don't involve using your own funds Why not putting your own money into a deal will always create a better deal in the end (this may surprise you) Why you should never take a vendor's unwillingness to negotiate at face value (it's amazing to see how quickly this can change under the right circumstances) Why buying a business in a sector or profession you understand will shortcut your journey (and take weeks and months off your learning curve) The No.1 thing every business buyer wishes they had done for their first deal (so you don't make the same mistake) Why you must never cut corners when it comes to building your deal team (getting this wrong is a recipe for disaster) Why you must avoid buying a distressed business at all costs as your first acquisition The one thing you need to discover from the vendor that makes all your negotiations simpler (and could close the deal in a fraction of the time) ** Looking for a great acquisition lawyer in the UK? Use mine! ** If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk. Ready to get started? Here's how you can start your business buying journey… Watch my FREE Dealmakers webinar training: https://www.dealmakerspodcast.com Get a FREE copy of my book: https://www.thedealmakersacademy.com/free-book-giveaway Join the Business Acquisition FastTrack course https://www.thedealmakersacademy.com/quick Already bought a business? if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on hello@thedealmakersacademy.com for more information.

Discover the journey of an aspiring entrepreneur aiming to build a £400m empire through strategic business acquisitions. Hear insights on leveraging negotiation skills and creative vendor relationships to secure valuable deals. Martin shares his approach to transforming struggling businesses and the significance of trust in negotiations. Overcome fears of failure and learn actionable steps for success. Get inspired by the potential of integrating acquired businesses and fostering a growth-oriented culture.

How Gerald Ratner built a 2,500-store retail empire through acquisition British entrepreneur Gerald Ratner took his business from a single family-owned shop in Richmond to a multi-billion, 2,500-store retail empire spanning the UK and US. In the process, he acquired some of the biggest names on the high street, including H. Samuel and Ernest Jones. His entire strategy was built on growth by acquisition, often pushing the business to the limit. You may have watched some of the recent video highlights from my interview with Gerald for my Mastermind clients. On today's episode of the Business Buying Strategies podcast, you can listen to the whole interview where he detailed exactly how he grew the business at each stage, including the creative ways he raised funding and persuaded the owners to sell to him. You will discover… How Gerald used acquisition as a strategy to dominate the high street by buying his key competitors How buying H. Samuel transformed the group and allowed the retailer to expand its customers beyond its historical base Why Gerald's reasons for acquiring Ernest Jones was more than simply adding another 60 stores to the portfolio (it was a strategic move to "buy into" supplier relationships) Why Gerald chose not to copy his acquisition strategy when expanding to the US (and what he did instead) What he really said in his infamous speech at the Royal Albert Hall that no one remembers ** Looking for a great acquisition lawyer in the UK? Use mine! ** If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk. Ready to get started? Here's how you can start your business buying journey… Watch my FREE Dealmakers webinar training: https://www.dealmakerspodcast.com Get a FREE copy of my book: https://www.thedealmakersacademy.com/free-book-giveaway Join the Business Acquisition FastTrack course https://www.thedealmakersacademy.com/quick Already bought a business? if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria at hello@thedealmakersacademy.com for more information.

De-risking Business Acquisitions: A 12-Step Guide to Successful Deals. In this episode, Jonathan Jay shares strategies for buying a business successfully, without risking personal cash. He elaborates on the importance of proper corporate structure, no personal guarantees, de-risking leases, and linking business payment to performance. Jay also explains the significance of not over-leveraging, cost underwriting abort fees, due diligence, and incentivizing owners for a smooth transition among other things. He illustrates these points with real-life examples and emphasizes the ultimate aim - to de-risk deals and ensure a better night's sleep for business buyers. 00:34 Introduction and Upcoming Events 01:25 De-risking Business Acquisitions: Part 1 01:55 Importance of Corporate Structure in Business Acquisition 04:31 Avoiding Personal Guarantees 07:52 De-risking Leases in Business Acquisition 11:48 Linking Payment to Business Performance 16:00 Avoiding Over-leveraging in Business Acquisition 26:55 Dealing with Distressed Businesses 32:33 Ensuring Smooth Transition Post-Acquisition ** Looking for a great acquisition lawyer in the UK? Use mine! ** If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk. Ready to get started? Here's how you can start your business buying journey… Watch my FREE Dealmakers webinar training: https://www.dealmakerspodcast.com Get a FREE copy of my book: https://www.thedealmakersacademy.com/free-book-giveaway Join the Business Acquisition FastTrack course https://www.thedealmakersacademy.com/quick Already bought a business? if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria at hello@thedealmakersacademy.com for more information.

The words you use during a negotiation to buy a business can make the difference between closing a great deal and failing to close any deals. Use the right language and you will discover the vendor's motivation, build trust and clear the path to a smooth sale at the best price. Use the wrong language and you could sabotage the acquisition – or, worse, end up with a bad deal. A few weeks ago, I was invited to speak to a group of property agents who are planning to grow in 2024. I showed them how they could double their agency within six months by growing their business through acquisition – and only those Dealmakers who know how to negotiate and use the right language will secure great deals at the best price. You will discover… Why the words you use when you negotiate could be the difference between a good deal and no deal Why you must never, ever be the first to make an offer during a negotiation (do this and you will never recover) The one question to unlock the path to a great deal and guarantee the vendor is on board with closing a deal quickly The most powerful phrase to use during the acquisition if things get a little bumpy (I guarantee this becomes your "go to" phrase in your future negotiations) What you should never do when the owner gives you a price for the business (forget this and it's game over) Here are the key highlights: 01:29 The Magic Words That Make You Millions 04:35 The Art of Negotiation: Never Go First on Price 07:10 Reacting to the Seller's Price: The Importance of Body Language 10:40 Avoiding the Valuation Trap 15:01 Understanding the Seller's Motivations and Painting a Picture 18:04 Identifying Motivated Sellers 19:59 The Importance of Motivated Sellers 20:43 Avoiding Business Brokers 21:59 The Power of 'No One is Lending' 22:15 The Advantage of Using Other People's Money 24:18 The Speed of Business Acquisition 24:57 Asset Purchase vs Share Purchase 25:48 The Importance of Having a Clear Process 27:33 Expanding Your Business Portfolio 33:03 The Power of 'Is That a Deal Breaker?' 38:23 The Magic Words That Make You Millions ** Looking for a great acquisition lawyer in the UK? Use mine! ** If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk. Ready to get started? Here's how you can start your business buying journey… Watch my FREE Dealmakers webinar training: https://www.dealmakerspodcast.com Get a FREE copy of my book: https://www.thedealmakersacademy.com/free-book-giveaway Join the Business Acquisition FastTrack course https://www.thedealmakersacademy.com/quick Already bought a business? if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria at hello@thedealmakersacademy.com for more information.

This year, we have featured more business buying success stories than ever before. Buying a business transforms your life. You just need to hear the stories of those who have follow the system and taken action to know that you can do it, too. The stories we have featured on the Business Buying Strategies podcast range from experienced business owners using acquisitions to rapidly grow their business to individuals holding down a 9-5 job who transformed their life by buying a business in their spare time. In the latest episode of Business Buying Strategies, we look back at some of the major client wins and business buying success stories from the last 12 months. 2023 has been a great year for business buying entrepreneurs. But 2024 promises to be even better. If you are thinking about acquiring a business in 2024 and want to feel inspired, listen to this episode and discover how people – just like you – transformed their lives by buying a business. Here are the key highlights: How Alison acquired a business in a sector she knew little about (and saved £100,000 on a bad deal, thanks to her Mastermind group) How David tried to grow his business organically for years yet added more revenue in one "no money down" deal than he achieved in 12 months How Darren built a group of profitable hair salons without spending any of his own money (and one owner even paid him £20,000 to take the business off her hands) How Dan successfully acquired an eight-figure business without using any of his own funds How Danny acquired businesses in sectors he knew nothing about by following a proven business buying system (which is entirely possible when you shift away from an "operator" mindset) ** Looking for a great acquisition lawyer in the UK? Use mine! ** If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk. Ready to get started? Here's how you can start your business buying journey… Watch my FREE Dealmakers webinar training: https://www.dealmakerspodcast.com Get a FREE copy of my book: https://www.thedealmakersacademy.com/free-book-giveaway Join the Business Acquisition FastTrack course https://www.thedealmakersacademy.com/quick Already bought a business? if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria at hello@thedealmakersacademy.com for more information.

What limiting beliefs hold you back from starting your business buying journey? What stops you from doing more deals or striving to close bigger acquisitions? In this episode of the Business Buying Strategies podcast, executive coach Vicki Espin explains how imposter syndrome and limiting beliefs stop you from getting what you want and how to eliminate beliefs holding you back. If you want to buy a business in 2024 and you're not taking action, listen to this episode. It could be a game-changer for you. This is part 2 of a two-part series featuring Vicki. Make sure you listen to part 1 on a game-changer mindset first! Here are the key highlights: Why self-sabotage is the biggest threat to your success What is imposter syndrome? Why expectations are behind imposter syndrome What are your cultural reference points? What is an expectation? Client story - when the imposter turns traitor The difference between self-esteem and self-confidence Why you can't completely eliminate the noise Here is what you will discover… How imposter syndrome trips you up without you realising (and what to do about it) How to set goals the right way so you never fail to achieve them How to avoid unintentional self-sabotage when you make important decisions Why imposter syndrome is a misalignment between what you say and what you think (and how to bridge the gap) Why identifying your childhood influences helps you understand your thoughts and beliefs today Why your imposter syndrome can show up as your "evil twin" at important moments (and how to deal with it) Why even the place you were born and brought up has an impact on your mindset, thoughts and beliefs Why your thoughts precede your behaviour (and why you need to focus on what you want) The difference between self-confidence and self-esteem (and why you can't have one without the other) ** Looking for a great acquisition lawyer in the UK? Use mine! ** If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk. Ready to get started? Here's how you can start your business buying journey… Watch my FREE Dealmakers webinar training: https://www.dealmakerspodcast.com Get a FREE copy of my book: https://www.thedealmakersacademy.com/free-book-giveaway Join the Business Acquisition FastTrack course https://www.thedealmakersacademy.com/quick Already bought a business? if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria at hello@thedealmakersacademy.com for more information.

If you want to succeed at business acquisition, you need the right mindset as well as the right knowledge and strategies. By levelling up your mindset and adopting a new way of thinking, you can change how you see yourself and how others see you, to do bigger deals, more frequently. At the last Dealmakers Retreat, executive coach Vicki Espin revealed how to develop a 'game-changer' mindset to stand out and attract opportunities. In this episode of the Business Buying Strategies podcast, you can listen to highlights from the presentation, including an exercise to write a professional brand statement to attract dealmaking opportunities to you. Here are the key highlights: How Vicki became a coach and started working with Jonathan What is a game-changer? Your most important relationship in life Understanding 'Moments of Truth" Your current performance = your potential minus your interference Why your thoughts matter Why you create everything twice Why you need a professional brand statement Do you pass the CEO lift test? Your top signature strengths Here is what you will discover… What is a game-changer mindset and why you need to adopt a new way of thinking to shift where you are right now Why the most important relationship you have in your life is with yourself Why you need to figure out what you want people to say about you when you're not "in the room" Why nothing in your life changes unless you do this ONE thing Why you need to pay attention to your emotional intelligence to close more deals The No.1 thing that nearly every conversation about personal brand completely ignores (that you can use to your advantage) The secret to crafting a compelling personal brand statement (it's not just through practice) Why your non-verbal behaviour counts for far more than you may realise How to use a scoring system to continually improve your brand statement (or any pitch or presentation document) ** Looking for a great acquisition lawyer in the UK? Use mine! ** If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk. Ready to get started? Here's how you can start your business buying journey… Watch my FREE Dealmakers webinar training: https://www.dealmakerspodcast.com Get a FREE copy of my book: https://www.thedealmakersacademy.com/free-book-giveaway Join the Business Acquisition FastTrack course https://www.thedealmakersacademy.com/quick Already bought a business? if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria at hello@thedealmakersacademy.com for more information.

Mastering LinkedIn: Boost Your Business Buying Strategies In this podcast, Jonathan Jay invites LinkedIn expert, Andrew Grill, to share his insights on how to use LinkedIn more effectively, especially for individuals interested in buying businesses. Topics covered include developing online credibility through LinkedIn, improving profiles for greater visibility, using LinkedIn analytics, understanding the LinkedIn algorithm, and exploring various LinkedIn tools. Grill also introduces the 'LinkedIn Social Selling Index' and provides actionable tips for better networking and content sharing on LinkedIn. 00:35 Introduction and Welcome 00:47 The Importance of LinkedIn Profile for Business Buyers 01:19 Guest Speaker Introduction: Andrew Grill 01:41 Andrew's Early Experiences with Technology 02:21 Andrew's Background in Small Business 02:47 The Power of LinkedIn for Business 03:03 Andrew's Journey with LinkedIn 03:47 The Impact of LinkedIn on Andrew's Business 04:01 The Changing Landscape of B2B Selling 05:02 The Importance of Digital First Impressions 05:34 How to Google Yourself Effectively 06:56 The Anatomy of a LinkedIn Page 11:34 The Importance of LinkedIn Activity 15:39 Understanding LinkedIn Public URL and Profile Visibility 19:48 The Difference Between Following and Connecting on LinkedIn 20:40 The Importance of Adding a Note When Connecting on LinkedIn 21:44 Understanding LinkedIn on Desktop and Mobile 22:08 The Importance of Personalizing LinkedIn Connections 22:18 LinkedIn as a Platform for Business Content 22:58 Overcoming Writer's Block on LinkedIn 23:07 Using LinkedIn as a Content Laboratory 23:46 Creating Engaging Content on LinkedIn 27:22 Understanding LinkedIn's Algorithm 32:14 Tips for Creating Great Content on LinkedIn 33:00 Understanding LinkedIn's Social Selling Index (SSI) 34:19 Using LinkedIn's QR Code Feature 35:09 Posting Consistently on LinkedIn 38:04 Actionable Steps to Improve Your LinkedIn Presence Resources Buying a business is only the start, which is why we are now teaching what happens next on the Mastermind program. Now, if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on hello@thedealmakersacademy.com for more information. If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk. If you would like to take the next step to learn the best ways of buying a business, without risking your own cash, you can access my free training at: www.dealmakerspodcast.co.uk Watch my Webinar Training Video: https://www.dealmakerspodcast.co.uk You can also request a free copy of my book at: https://www.thedealmakersacademy.com/free-book-giveaway/ If you want to jump straight to my live Zoom FastTrack course, please go to: https://www.thedealmakersacademy.com/fast Connect with Jonathan Jay at: Website: https://www.thedealmakersacademy.com/ LinkedIn: https://www.linkedin.com/in/jonathan-jay-3556b230/ YouTube: https://www.youtube.com/c/TheDealmakersAcademy

In this podcast episode of 'Business Buying Strategies', host Jonathan Jay interviews Andrew Scott, an accomplished entrepreneur who has a versatile track record of both buying and selling businesses. Andrew talks about his recent experiences at the Marbella VIP dealmakers retreat and shares insights about his successful exits, including one at thirty times multiple. He also discusses some of the challenges associated with the buying process, dealing with the emotional aspect of buying and selling, and how to maximize the value of a business. The importance of having a proper acquisition process, understanding the target market, and having a long-term value-oriented approach is highlighted. Andrew concludes by stating his current focus on acquiring other marketing-related businesses and building a property portfolio to secure long-term capital value. 00:34 Introduction and Welcome 00:47 Interview with Andrew Scott: Successful Business Exits 01:40 Andrew's Experience in Buying and Selling Businesses 02:17 The Story of Business Leader Magazine 03:55 The Power of PR and Network in Business Valuation 07:46 Andrew's Experience in Buying Businesses 11:15 Lessons from Business Acquisitions 13:41 Recent Business Sales and Future Plans 17:49 Andrew's Motivation for Attending the Event 18:45 Closing Remarks Resources Buying a business is only the start, which is why we are now teaching what happens next on the Mastermind program. Now, if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on hello@thedealmakersacademy.com for more information. If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk. If you would like to take the next step to learn the best ways of buying a business, without risking your own cash, you can access my free training at: www.dealmakerspodcast.co.uk Watch my Webinar Training Video: https://www.dealmakerspodcast.co.uk You can also request a free copy of my book at: https://www.thedealmakersacademy.com/free-book-giveaway/ If you want to jump straight to my live Zoom FastTrack course, please go to: https://www.thedealmakersacademy.com/fast Connect with Jonathan Jay at: Website: https://www.thedealmakersacademy.com/ LinkedIn: https://www.linkedin.com/in/jonathan-jay-3556b230/ YouTube: https://www.youtube.com/c/TheDealmakersAcademy