In this compilation episode of Business Buying Strategies, Jonathan takes us through various key insights and practical tips for acquiring businesses without risking personal capital. The episode features highlights from a recent talk about the buy and build strategy given at the Marbella retreat, emphasising the importance of getting acquisition financials right, the value creation process, and managing the integration of businesses into a larger entity.
The episode also covers training staff, managing expectations of former owners, and understanding the psychological aspects of buying and selling a business.
Additionally, Vicky Espin discusses imposter syndrome and Nigel Risner shares motivational strategies and the importance of viewing setbacks as learning opportunities.
Key moments
00:00 Introduction to Business Buying Strategies 01:27 Understanding the Buy and Build Strategy 05:32 The Importance of Training and Management 09:28 De-risking by Tying in the Seller 19:57 The Psychology of Buying and Selling a Business 27:58 Overcoming Imposter Syndrome in Business Buying 29:09 Understanding Imposter Syndrome 30:01 The Importance of Caring About Your Business 30:41 Identifying What Matters in Your Business 34:38 Exploring the Roots of Imposter Syndrome 36:08 Defining and Recognizing Imposter Syndrome 40:22 The Imposter and the Traitor 43:14 Taking Action and Overcoming Barriers 46:44 Nigel Risner's Motivational Insights 48:34 The Power of Self-Talk and Coaching 53:42 Learning from Successful Businesses
** 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…
Download our free Business Buying Toolkit https://dealmakers.co.uk/business-buying-toolkit
Join our Business Acquisition FastTrack programme https://www.dealmakers.co.uk/fast
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.
