Business Buying Strategies from The Dealmaker's Academy

The ideal dealmaker and strategies for business acquisitions

Aug 15, 2024

Discover the traits that make an ideal dealmaker, including courage and a positive mindset. Learn why buying an existing business can be a shortcut to success rather than starting from scratch. Explore strategies for choosing the right business, emphasizing the value of a strong deal team and clarity in your approach. Dive into the emotional challenges of acquisitions and the importance of balancing work with personal life. Hear insights on navigating new industries and the critical role of due diligence in successful purchases.

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Intro

00:00 • 2min

Accelerating Success: The Case for Buying Businesses

02:11 • 9min

Navigating the Emotional Roller Coaster of Business Acquisitions

11:06 • 3min

Building a Winning Deal Team

14:31 • 12min

Navigating Business Acquisitions in Unfamiliar Industries

26:42 • 5min

In this episode of the Business Buying Strategies Podcast, Jonathan Jay discusses the traits of an ideal dealmaker, emphasising the importance of courage, determination, and a positive outlook. He shares insights into why buying an existing business can accelerate success compared to starting from scratch. He also talks about strategies for deciding what type of business to buy, including purchasing companies within your existing sector, supply chain, or distribution chain. Additionally, he highlights the value of surrounding yourself with a strong deal team and the benefits of clarity and focus when developing a business acquisition strategy. The episode concludes with insights from a discussion with Ian on the challenges of balancing work and personal life and how to determine financial goals. Key moments 00:00 Introduction to Business Buying Strategies 01:03 Who Makes an Ideal Dealmaker? 04:13 The Courage and Determination Needed 08:38 The Importance of Strategy and Focus 11:37 Part Two: Discussion with Ian 14:48 The Role of a Deal Team 17:54 Advice for Aspiring Business Buyers 20:45 What Type of Business Should You Buy? 26:45 Benefits and Risks of Buying Different Businesses 29:57 Conclusion and Key Takeaways

** 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.