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Ep 11: Peter Lidgitt - Finding Value In Distressed Acquisitions

Buy and Build

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How to Buy a Business Out of Administration

i approached you three four years ago to buy your business we've been talking ever since brokers are a peculiar race of people they're a bit like liquidators and administrators. Do the due diligence ensure you know what you're buying  my strategy is buy and build it's as simple as that you make yourself obsolete. i do not employ sales men sales women per se I employed one three years ago he cost me a hundred thousand pound over the year with his salary his on costs and uh other bits and pieces He bought me one job ten thousand pounds a year that made me less than a thousand and i thought no this is a waste of space so my people i employ quote but my my strategy

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