Currently, with a global pandemic, lots of people are re-evaluating and thinking about whether this is the right time for them to get out of the business they are in.

So, this is a great time to buy a business and Shaz shares how with a deferred sale you can in reality get a business for free.

People are open to doing deals so if you can find people who want to sell then you are helping them to realise their dream, as many small business owners  plan for the sale to be a part of a retirement plan that lets them do what they want to do – it people helping people

 

KEY TAKEAWAYS

• There are people who are unsure of the future so are looking to make a change
• There are those who were thinking of moving who may be looking to give up their businesses.
• People with multiple businesses may be looking to streamline.
• Identify people who want to sell and work with them so they are happy and you are happy
• Small business owners will often see the sale of their business as part of their retirement plan.
• You can help make that happen and ideally with a deferred sale where you pay something now and the rest paid over the next few years
• You can get a business for free using future profits to pay off the debt.
• Scale-up by buying businesses and you will have a high capital value when those businesses are considered together.

 

BEST MOMENTS

‘This isn’t about taking advantage of people this is about helping people’

‘Many small business owners struggle to sell for a range of different reasons’

‘People are open to doing deals’

 

VALUABLE RESOURCES

[email protected]

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

•   Facebook
•   LinkedIn
•   Instagram
•   YouTube.