In this episode of the Business Buying Strategies Podcast, Jonathan and Ed discuss the advantages of using external financing for business acquisitions instead of personal funds, and why you should never risk personal assets. They discuss strategies for using other people's money through diverse funding sources, challenging the broker narrative that necessitates being a cash buyer. Rob from Canada shares his experience pivoting from British food shops to acquiring coffee shops, emphasising the importance of having a strategy and being confident in the buying process. Jonathan also provides insights into choosing the right size and location for a first business acquisition, advocating for larger, locally-based businesses with established management structures. Key moments 01:26 Why You Shouldn't Use Personal Finance for Business Acquisitions 04:30 Financing Business Acquisitions with Other People's Money 08:21 Refinancing and Restructuring Business Deals 10:49 Interview with Rob from Canada: Switching to Coffee Shops 23:00 Determining the Right Size for Your First Business Acquisition

** 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].

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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.