James Sinclair's Business Broadcast
This American Entrepreneur Bought A $1.25 Million Business With A Government Loan!
Jun 13, 2024
Steven, an entrepreneur, shares how he acquired a $1.25 million catering business with a government loan. Topics include contrasting US and UK business operations, benefits of government support, acquiring businesses with good valuation, minimizing risks, motivating remote staff, and managing business finances.
58:02
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Quick takeaways
- Entrepreneur bought $1.25M business with government loan, minimal personal investment.
- International reach of podcast audience includes Canada, America, and Australia.
Deep dives
Acquisition of a Catering Business Using Government Scheme
The podcast episode discusses an individual who purchased a catering business for $1.25 million, generating a profit of $450,000. The unique aspect of the deal was using a government scheme, allowing the buyer to acquire the business without significant personal investment.
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