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This year, we have featured more business buying success stories than ever before.
Buying a business transforms your life. You just need to hear the stories of those who have follow the system and taken action to know that you can do it, too.
The stories we have featured on the Business Buying Strategies podcast range from experienced business owners using acquisitions to rapidly grow their business to individuals holding down a 9-5 job who transformed their life by buying a business in their spare time.
In the latest episode of Business Buying Strategies, we look back at some of the major client wins and business buying success stories from the last 12 months.
2023 has been a great year for business buying entrepreneurs. But 2024 promises to be even better.
If you are thinking about acquiring a business in 2024 and want to feel inspired, listen to this episode and discover how people – just like you – transformed their lives by buying a business.
Here are the key highlights:
How Alison acquired a business in a sector she knew little about (and saved £100,000 on a bad deal, thanks to her Mastermind group)
How David tried to grow his business organically for years yet added more revenue in one "no money down" deal than he achieved in 12 months
How Darren built a group of profitable hair salons without spending any of his own money (and one owner even paid him £20,000 to take the business off her hands)
How Dan successfully acquired an eight-figure business without using any of his own funds
How Danny acquired businesses in sectors he knew nothing about by following a proven business buying system (which is entirely possible when you shift away from an "operator" mindset)
** 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 [email protected].
Ready to get started?
Here's how you can start your business buying journey…
Watch my FREE Dealmakers webinar training:
https://www.dealmakerspodcast.com
Get a FREE copy of my book:
https://www.thedealmakersacademy.com/free-book-giveaway
Join the Business Acquisition FastTrack course
https://www.thedealmakersacademy.com/quick
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 at [email protected] for more information.
What limiting beliefs hold you back from starting your business buying journey? What stops you from doing more deals or striving to close bigger acquisitions?
In this episode of the Business Buying Strategies podcast, executive coach Vicki Espin explains how imposter syndrome and limiting beliefs stop you from getting what you want and how to eliminate beliefs holding you back.
If you want to buy a business in 2024 and you're not taking action, listen to this episode. It could be a game-changer for you.
This is part 2 of a two-part series featuring Vicki. Make sure you listen to part 1 on a game-changer mindset first!
Here are the key highlights:
Here is what you will discover…
How imposter syndrome trips you up without you realising (and what to do about it)
How to set goals the right way so you never fail to achieve them
How to avoid unintentional self-sabotage when you make important decisions
Why imposter syndrome is a misalignment between what you say and what you think (and how to bridge the gap)
Why identifying your childhood influences helps you understand your thoughts and beliefs today
Why your imposter syndrome can show up as your "evil twin" at important moments (and how to deal with it)
Why even the place you were born and brought up has an impact on your mindset, thoughts and beliefs
Why your thoughts precede your behaviour (and why you need to focus on what you want)
The difference between self-confidence and self-esteem (and why you can't have one without the other)
** 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 [email protected].
Ready to get started?
Here's how you can start your business buying journey…
Watch my FREE Dealmakers webinar training:
https://www.dealmakerspodcast.com
Get a FREE copy of my book:
https://www.thedealmakersacademy.com/free-book-giveaway
Join the Business Acquisition FastTrack course
https://www.thedealmakersacademy.com/quick
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 at [email protected] for more information.
If you want to succeed at business acquisition, you need the right mindset as well as the right knowledge and strategies. By levelling up your mindset and adopting a new way of thinking, you can change how you see yourself and how others see you, to do bigger deals, more frequently.
At the last Dealmakers Retreat, executive coach Vicki Espin revealed how to develop a 'game-changer' mindset to stand out and attract opportunities. In this episode of the Business Buying Strategies podcast, you can listen to highlights from the presentation, including an exercise to write a professional brand statement to attract dealmaking opportunities to you.
Here are the key highlights:
Here is what you will discover…
What is a game-changer mindset and why you need to adopt a new way of thinking to shift where you are right now
Why the most important relationship you have in your life is with yourself
Why you need to figure out what you want people to say about you when you're not "in the room"
Why nothing in your life changes unless you do this ONE thing
Why you need to pay attention to your emotional intelligence to close more deals
The No.1 thing that nearly every conversation about personal brand completely ignores (that you can use to your advantage)
The secret to crafting a compelling personal brand statement (it's not just through practice)
Why your non-verbal behaviour counts for far more than you may realise
How to use a scoring system to continually improve your brand statement (or any pitch or presentation document)
** 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 [email protected].
Ready to get started?
Here's how you can start your business buying journey…
Watch my FREE Dealmakers webinar training:
https://www.dealmakerspodcast.com
Get a FREE copy of my book:
https://www.thedealmakersacademy.com/free-book-giveaway
Join the Business Acquisition FastTrack course
https://www.thedealmakersacademy.com/quick
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 at [email protected] for more information.
Mastering LinkedIn: Boost Your Business Buying Strategies
In this podcast, Jonathan Jay invites LinkedIn expert, Andrew Grill, to share his insights on how to use LinkedIn more effectively, especially for individuals interested in buying businesses. Topics covered include developing online credibility through LinkedIn, improving profiles for greater visibility, using LinkedIn analytics, understanding the LinkedIn algorithm, and exploring various LinkedIn tools. Grill also introduces the 'LinkedIn Social Selling Index' and provides actionable tips for better networking and content sharing on LinkedIn.
00:35 Introduction and Welcome 00:47 The Importance of LinkedIn Profile for Business Buyers 01:19 Guest Speaker Introduction: Andrew Grill 01:41 Andrew's Early Experiences with Technology 02:21 Andrew's Background in Small Business 02:47 The Power of LinkedIn for Business 03:03 Andrew's Journey with LinkedIn 03:47 The Impact of LinkedIn on Andrew's Business 04:01 The Changing Landscape of B2B Selling 05:02 The Importance of Digital First Impressions 05:34 How to Google Yourself Effectively 06:56 The Anatomy of a LinkedIn Page 11:34 The Importance of LinkedIn Activity 15:39 Understanding LinkedIn Public URL and Profile Visibility 19:48 The Difference Between Following and Connecting on LinkedIn 20:40 The Importance of Adding a Note When Connecting on LinkedIn 21:44 Understanding LinkedIn on Desktop and Mobile 22:08 The Importance of Personalizing LinkedIn Connections 22:18 LinkedIn as a Platform for Business Content 22:58 Overcoming Writer's Block on LinkedIn 23:07 Using LinkedIn as a Content Laboratory 23:46 Creating Engaging Content on LinkedIn 27:22 Understanding LinkedIn's Algorithm 32:14 Tips for Creating Great Content on LinkedIn 33:00 Understanding LinkedIn's Social Selling Index (SSI) 34:19 Using LinkedIn's QR Code Feature 35:09 Posting Consistently on LinkedIn 38:04 Actionable Steps to Improve Your LinkedIn Presence
Resources
Buying a business is only the start, which is why we are now teaching what happens next on the Mastermind program. Now, 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 [email protected] for more information.
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 [email protected].
If you would like to take the next step to learn the best ways of buying a business, without risking your own cash, you can access my free training at: www.dealmakerspodcast.co.uk
Watch my Webinar Training Video: https://www.dealmakerspodcast.co.uk
You can also request a free copy of my book at: https://www.thedealmakersacademy.com/free-book-giveaway/
If you want to jump straight to my live Zoom FastTrack course, please go to: https://www.thedealmakersacademy.com/fast
Connect with Jonathan Jay at: Website: https://www.thedealmakersacademy.com/ LinkedIn: https://www.linkedin.com/in/jonathan-jay-3556b230/ YouTube: https://www.youtube.com/c/TheDealmakersAcademy
In this podcast episode of 'Business Buying Strategies', host Jonathan Jay interviews Andrew Scott, an accomplished entrepreneur who has a versatile track record of both buying and selling businesses. Andrew talks about his recent experiences at the Marbella VIP dealmakers retreat and shares insights about his successful exits, including one at thirty times multiple. He also discusses some of the challenges associated with the buying process, dealing with the emotional aspect of buying and selling, and how to maximize the value of a business. The importance of having a proper acquisition process, understanding the target market, and having a long-term value-oriented approach is highlighted. Andrew concludes by stating his current focus on acquiring other marketing-related businesses and building a property portfolio to secure long-term capital value.
00:34 Introduction and Welcome 00:47 Interview with Andrew Scott: Successful Business Exits 01:40 Andrew's Experience in Buying and Selling Businesses 02:17 The Story of Business Leader Magazine 03:55 The Power of PR and Network in Business Valuation 07:46 Andrew's Experience in Buying Businesses 11:15 Lessons from Business Acquisitions 13:41 Recent Business Sales and Future Plans 17:49 Andrew's Motivation for Attending the Event 18:45 Closing Remarks
Resources
Buying a business is only the start, which is why we are now teaching what happens next on the Mastermind program. Now, 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 [email protected] for more information.
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 [email protected].
If you would like to take the next step to learn the best ways of buying a business, without risking your own cash, you can access my free training at: www.dealmakerspodcast.co.uk
Watch my Webinar Training Video: https://www.dealmakerspodcast.co.uk
You can also request a free copy of my book at: https://www.thedealmakersacademy.com/free-book-giveaway/
If you want to jump straight to my live Zoom FastTrack course, please go to: https://www.thedealmakersacademy.com/fast
Connect with Jonathan Jay at: Website: https://www.thedealmakersacademy.com/ LinkedIn: https://www.linkedin.com/in/jonathan-jay-3556b230/ YouTube: https://www.youtube.com/c/TheDealmakersAcademy
This week Jonathan shares insights and experiences of business acquisitions to a live audience in Marbella. Transitioning from financial difficulty to successful entrepreneurship, he explains how the sale of his first business changed everything and resulted in him immersing himself in the world of business acquisitions.
Jonathan outlines the reasons why people sell businesses and strategies for purchasing them, Jay sheds light on the potential of business acquisitions as a means of wealth building. He asserts that everyone is capable of buying a business successfully, emphasising the importance of implementing ideas and dealing with 'imposter syndrome', the fear and self-doubt that can hinder progress.
He also explores how acquiring businesses is not just about financial gains, but also personal growth and development and developing emotional intelligence.
01:45 The Importance of Implementation and Future Goals 04:16 Overcoming Self-Doubt and Imposter Syndrome 05:31 The Power of Taking Action and Building Momentum 06:13 Personal Stories and Insights from Attendees 07:22 The Journey of Buying and Selling Businesses 14:44 The Emotional Aspect of Business Deals 16:36 Advice for People with Traditional Jobs Looking to Buy Businesses 17:19 Closing Remarks and Contact Information for UK Lawyer
Resources
Buying a business is only the start, which is why we are now teaching what happens next on the Mastermind program. Now, 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 [email protected] for more information.
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 [email protected].
If you would like to take the next step to learn the best ways of buying a business, without risking your own cash, you can access my free training at: www.dealmakerspodcast.co.uk
Watch my Webinar Training Video: https://www.dealmakerspodcast.co.uk
You can also request a free copy of my book at: https://www.thedealmakersacademy.com/free-book-giveaway/
If you want to jump straight to my live Zoom FastTrack course, please go to: https://www.thedealmakersacademy.com/fast
Connect with Jonathan Jay at: Website: https://www.thedealmakersacademy.com/ LinkedIn: https://www.linkedin.com/in/jonathan-jay-3556b230/ YouTube: https://www.youtube.com/c/TheDealmakersAcademy
How to grow a business through acquisition
In this week's episode of Business Buying Strategies, Jonathan speaks with BBC Apprentice winner and founder of the Millionaire Mastermind, Joseph Valente about the opportunity for business owners to rapidly double the size of their business through acquisition.
In conversation in front of a room of ambitious entrepreneurs, Jonathan explained why 2024 is a year of opportunity for those business owners who want to grow, why it is better to buy a big business for your first deal and how to avoid the pitfalls experienced by many first-time dealmakers.
If you're a business owner and you're frustrated or impatient for growth, you need to listen to this episode.
Here are the key highlights:
00:51 - Jonathan's accidental entry into the world of mergers and acquisitions
01:22 - How Jonathan had an epiphany when he sold his first business
02:14 - Why being the operator in a business is not the best way to get the result you want
02:27 - How to get a great deal when buying a competitor business
04:13 - Why you should never cut corners on your deal team (easily avoidable legal and due diligence issues are so much more expensive in the long run)
04:29 - Why the "Buy, Build and Sell" strategy is the fastest way to achieve your financial goals
04:47 How just one successful deal can transform your business – and your life
05:16 The 3 keep questions to ask when assessing any business acquisition
05:50 The benefits of buying a business similar to your current business
06:38 Why it is important you only buy businesses that can run without you (otherwise you're buying an expensive job)
07:06 Why you need to follow a business buying strategy that doesn't use any of your own funds
07:34 How our Mastermind clients have successfully purchased businesses using none of their own money
09:50 Why you need to have a good lawyer to keep a business buying deal moving
10:29 Jonathan's top advice for anyone looking to start acquiring businesses
19:16 Why you must always be through in your due diligence when buying a business
30:54 Why it's a good strategy to keep the previous owner on-side (it can get really messy if you don't)
33:30 How Jonathan helps business owners to acquire the right businesses to grow
Here is what you will discover…
** 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 [email protected].
Ready to get started?
Here's how you can start your business buying journey…
Watch my FREE Dealmakers webinar training:
https://www.dealmakerspodcast.com
Get a FREE copy of my book:
https://www.thedealmakersacademy.com/free-book-giveaway
Join the Business Acquisition FastTrack course
https://www.thedealmakersacademy.com/quick
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 at [email protected] for more information.
I waited too long to get started… but then I bought a £2.5m business
In this latest episode of Business Buying Strategies, we visit a Mastermind client, Carsten, at the £2.5m revenue tree surgery business he recently purchased.
By his own admission, Carsten was a little slow getting out the blocks, as he previously believed he needed funds to acquire a business. He joined our FastTrack programme and saw other dealmakers buying profitable, established businesses with no money down.
After joining Mastermind, Carsten followed our business buying system and took six months to buy his first business. In the episode, we go behind the scenes with Carsten to discover how the deal was put together and the reality of owning rather than operating a business.
Here are the key highlights:
00:00 – Why he chose to buy a £2.5m business as his first acquisition
00:00 – What held Carsten back from getting started earlier
00:00 – How Carsten runs the business in just a few hours each week from his home
00:00 – How Mastermind helped Carsten learn what he needed to close his first deal
00:00 – How Carsten took six months to complete the purchase
00:00 – How he creates systems to conclude deals more efficiently
00:00 – What Carsten is focusing on next
Here is what you will discover…
** 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 [email protected].
Ready to get started?
Here's how you can start your business buying journey…
Watch my FREE Dealmakers webinar training:
https://www.dealmakerspodcast.com
Get a FREE copy of my book:
https://www.thedealmakersacademy.com/free-book-giveaway
Join the Business Acquisition FastTrack course
https://www.thedealmakersacademy.com/quick
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 [email protected] for more information.
Did you know there is a government-backed lending scheme in the US that allows you to borrow up to 100% of the cost of acquiring a business?
In this episode of Business Buying Strategies, Jonathan talks to Ray Drew from Fund-Ex Solutions and an expert in SBA lending about the scheme and how it has become a useful way of buying a business without using any of your own money.
During the interview, Jonathan and Ray discuss how SBA lending works, why it was set up by the government, the various options available and how to apply.
If you're a listener in the US and are not aware of this scheme, you need to listen to this episode.
Even if you're not US-based, it is worth listening as Ray reveals why the trend of Baby Boomers retiring and selling their businesses presents one of the biggest opportunities in a generation for people looking to acquire a business.
Here are the key highlights:
01:18 - How Ray became an expert in SBA loans and how the landscape has changed in the last few years
01:54 - Why SBA lending was developed and how it is currently being used
02:52 - How SBA 7(a) funding works
04:26 - How to apply for SBA funding
05:02 - Why business experience isn't essential for a loan (and what other experience and factors will help)
07:15 - What options are available for raising a deposit
10:36 - The role of the seller during the process and how SBA lending benefits them
13:30 - Key conditions around the loan terms and conditions you need to know
17:40 - The importance of negotiating working capital for the acquired business
21:24 - Applicant and business eligibility for secure borrowing
25:52 - How to get Ray's help when seeking an SBA loan
Here is what you will discover…
Notable quotes
"The business plan is just the tip of the iceberg. It's what you would call a full doc program, but the business plan doesn't have to be too crazy because it's for an existing business."
"We look for relevant experience. Most of all, we look for management experience. Experience managing people, managing a budget, managing a P&L, things like that are going to transfer over to just about any business."
"So a credible buyer for that type of business really has the potential to buy or pay up to $5 million for a business."
Episode links
** 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 [email protected].
Ready to get started?
Here's how you can start your business buying journey…
Watch my FREE Dealmakers webinar training:
https://www.dealmakerspodcast.com
Get a FREE copy of my book:
https://www.thedealmakersacademy.com/free-book-giveaway
Join the Business Acquisition FastTrack course
https://www.thedealmakersacademy.com/quick
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 at [email protected] for more information.
In the latest episode of Business Buying Strategies, we hear from seven dealmakers who have successfully bought businesses without using any of their own money.
Each dealmaker is a member of the Business Acquisition Mastermind and has bought at least one business. These are not distressed businesses, but profitable, established businesses that gave the buyer cash flow from Day 1.
If you are still unsure whether 'no money down' deals really can be done, this highlights episode answers the question.
Here are the key highlights:
01:05 - How Danny bought a manufacturing business for £900,000 without any of his own money by bringing in a property investor
09:10 - How James acquired a heritage family-run funeral director business by going undercover as a chauffeur to meet the owners
18:35 - How Dan managed a challenging vendor to successfully complete his first eight-figure acquisition in the plant hire sector
26:48 - How David bought three small companies, rolled them together and used efficiency of scale to create a highly profitable business
32:20 - How Chris joined Mastermind and instantly acquired a competitor business
36:46 - How Akram acquired a commercial cleaning business originally listed for £180,000 for just £25,000 using a negotiation technique taught in Dealmakers Academy
43:12 - How Nick grew his printing business through acquisition rather than taking years to grow organically
Here is what you will discover…
** 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 [email protected].
Ready to get started?
Here's how you can start your business buying journey…
Watch my FREE Dealmakers webinar training:
https://www.dealmakerspodcast.com
Get a FREE copy of my book:
https://www.thedealmakersacademy.com/free-book-giveaway
Join the Business Acquisition FastTrack course
https://www.thedealmakersacademy.com/quick
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 [email protected] for more information.
Listen to the full episodes
The highlights are edited from the full podcast episodes. To listen to any of the full episodes, use the links below from the featured dealmakers:
251 - Daniel Beaumont - 100% Deal Finance
https://podcasts.apple.com/ie/podcast/100-deal-finance-an-interview-with-daniel-beaumont/id1369703084?i=1000631075501
234 - James Gardner - Buying A Funeral Care Business
https://podcasts.apple.com/gb/podcast/buying-a-funeral-care-business-from-dealmakers-live/id1369703084?i=1000616256470
Ep 252 - Dan Bown – The Life Changing Deal
https://podcasts.apple.com/gb/podcast/the-life-changing-deal/id1369703084?i=1000631845593
250 - David - 17 Acquisitions To £20 Million
https://podcasts.apple.com/gb/podcast/17-acquisitions-to-%C2%A320-million-turnover/id1369703084?i=1000629507954
238 - Chris Stone - Buying A Business In Scotland, No Money Down!
https://podcasts.apple.com/gb/podcast/buying-a-business-in-scotland/id1369703084?i=1000619527596
240 - Akram Abdullah - From Overworked Insurance Broker To Commercial Cleaning Business Owner
https://podcasts.apple.com/gb/podcast/from-insurance-broker-to-commercial-cleaning-business/id1369703084?i=1000621782178
243 - Nick Manuel - The Attitude, Outlook and Strategy For Effective Business Deals
https://podcasts.apple.com/gb/podcast/the-outlook-and-strategy-for-effective-business-deals/id1369703084?i=1000624030127
Connect with Jonathan Jay at:
Website: https://www.thedealmakersacademy.com/
LinkedIn: https://www.linkedin.com/in/jonathan-jay-3556b230/
YouTube: https://www.youtube.com/c/TheDealmakersAcademy
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