Can you think of any reason why you wouldn't buy a business for £1 that makes £1.5 million profit in 12 months time?
Seriously...
Can you?
If the answer is Yes, because you're buying a stressed or distressed business then imagine this...
You've found a stressed business in an industry you love. An industry that you have knowledge and experience in. And you know why this business is stresses and how to turn it around.
How would you know how to turn the business around?
Because you've got industry experience.
Now would you buy it?
Especially if there was no risk to you.
This is exactly what Peter Kiddle does. He looks for stressed or distressed businesses in industries he knows and loves. Then he buys the business for £1. Turns it around and sells the business for a huge profit.
In this podcast episode, Peter reveals how he bought a business for a £1 and what he did to make it profitable. You'll be shocked at the simple steps he took. You'll see for yourself than 12 months later the business makes £1.5 million profit.
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Disclaimer: Nothing in this podcast should be construed as legal, financial, tax or business advice. The information is for entertainment only and you should always engage suitably qualified professional advisors. Jonathan Jay, the guest presenters and The Dealmaker's Academy Ltd do not take any responsibility for your actions and decisions as a result of this podcast.