In part one of this two-part series, in the last issue, we talked about the differences between being a dealmaker and being a doer, and the light bulb moment – the catalyst for change. In part two, we’re going to talk about the four key elements of success for a dealmaker.
If you’re just starting out on your business buying journey, you face a steep learning curve. Even if you’ve been going for a while and have some acquisitions under your belt chances are you’re still learning.
Before you get into the practicalities of buying a business, there are some basics you really need to know. These are important principles and habits; without them, you start the entire process at a disadvantage, and yet they are really simple to learn and to use.
You’re going to have many light bulb moments throughout the process of learning about business acquisition strategies, and thinking about buying businesses and the opportunities and the possibilities that can unlock.
There are millions of words written about starting a business, but far fewer about buying one. There’s a ton of help if you’re looking to start a business, but next to none when it comes to buying or growing one.
In order to run your business effectively, you as a business owner should have a clear picture of your organisation’s financial health. Financial health goes past measuring company profits and outgoings since there could be hidden value in your business that you’re not currently aware or making use of.
A business acquisition is the process of one company purchasing 51% or more of another business’ shares, in order to take control of that business.
Have you ever considered buying a business? It can be a scary decision and there’s a lot of information to consider, not to mention it can be a complicated process! However, with the right knowledge, advice, and people around you, it doesn’t have to be intimidating.
Making the decision to sell your business is a huge step for anyone. Sometimes your company is ready to be sold now whereas on other occasions it could be best to hold onto it a little longer. If you’re interested in weighing up the pros and cons of both, you’re in the right place!
Business buying expert Jonathan Jay has bought and sold more than 70 businesses over 25 years. In this training webinar, he shows you how to buy and sell businesses with no risk and no money down.
