Eliminating Risk and Avoiding Common Pitfalls

In this episode of the Business Buying Strategies Podcast, Jonathan discusses strategies for eliminating personal risk when purchasing a business.

Key points include not using personal finances or guarantees, structuring acquisitions correctly, and understanding the seller's motivations. The episode also covers common business buying mistakes, such as not having the right advisors, insufficient cash, and buying distressed businesses.

Additionally, guest Daniel shares his experiences with business consolidation, highlighting the challenges of integrating acquired companies and the importance of cultural alignment. 

Key moments

01:24 Eliminating Personal Risk in Business Acquisitions 03:01 The Importance of No Personal Guarantees 04:45 Protecting Mental Health in Business Deals 08:00 Advanced Methods for De-risking Acquisitions 10:46 12 Business Buying Mistakes: Part 2 10:55 Mistake 7: Not Getting the Right Advisors 12:46 Mistake 8: Insufficient Cash Flow 15:38 Mistake 9: Buying Distressed Businesses 18:22 Mistake 10: Understanding Seller's Motivation 21:09 Mistake 11: Company Reputation 22:58 Mistake 12: Insufficient Due Diligence 25:25 Interview with Daniel: Challenges in Business Consolidation 25:47 Daniel's Experience with Roll-ups and Exits 31:37 Structuring and Financing Deals 33:34 Private Schools Acquisition Strategy

 

** 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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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.