Navigating the Complexities of Buying Distressed Businesses

In this episode of the Business Buying Strategies Podcast, Jonathan introduces a new format featuring an interview with a successful dealmaker, reviews of his favorite business books, and the story of a significant deal he completed, offering valuable lessons for prospective dealmakers.   Jonathan shares insights on books like 'Mean Business' by Alfred Dunlap, 'Built to Sell', and 'The Alchemists' by Jim Ratcliffe, which have influenced his business philosophy.   The episode also highlights the inspirational journey of Andy Doyle, a Mastermind participant who successfully doubled his business size through a strategic acquisition in just eight weeks. Additionally, Jonathan recounts his experience of purchasing a digital marketing agency for £1 and selling it for £1.25 million after implementing strategic changes.   Key moments   00:00 Introduction to the Podcast 01:29 Exploring Favorite Business Books 10:38 Interview with Andy Doyle: Success in Business Acquisition 20:05 Evaluating Business Operations 21:15 The Importance of Detachment in Negotiations 22:23 Learning from Past Mistakes 23:17 Ensuring Financial Transparency 25:19 Navigating Business Acquisitions 25:40 The One Pound Digital Marketing Agency Deal 30:05 Executing the Turnaround Plan 36:56 Final Thoughts and Advice  

** 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.

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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.