In this episode of Business Buying Strategies, Jamil shares his journey from a career as a paramedic to owning a $4.5 million revenue business without using his own money.

He explains his decision to leave a lucrative corporate career to pursue business acquisitions, detailing his process of selecting and acquiring a business in the fire safety sector, which is recession-resistant and ripe for innovation.

Jamil describes the negotiations and the structuring of the deal that involved retaining some equity for the sellers. He also discusses the importance of joining Mastermind for guidance and networking, ultimately emphasising the value of investing in self-education for successful business acquisitions.

Key moments

01:03 Upcoming Events and Opportunities

02:10 Meet Jamil: A Successful Acquisition Story

03:00 Jamil's Background and Journey

09:30 Choosing the Right Business Sector

13:19 The Acquisition Process

22:58 Negotiating the Deal Structure

23:48 Justifying Personal Investment

24:58 Finalizing the Agreement

26:19 The Importance of Immediate Action

28:10 Reflecting on the Journey

29:01 Navigating Deal Changes

32:39 Securing Financing

37:41 Completion Day Challenges

39:27 Post-Completion Reflections

39:47 The Value of Mastermind

 

** 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…

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 [email protected] for more information.