Persevering after six failed business acquisitions

This week we meet up again with Rob Goddard, this time about his experience of buying a business, rather than brokering sales.  

Key Highlights

[01:48] Rob’s first acquisition

[05:38] Buying a distressed business

[06:48] Six failed attempts to acquire a business!

[10:20] Why the business couldn't adapt during Covid

[11:50] Discovering unprofitable customers

[17:00] Turnaround in seven months

[18:35] Managing change and getting people on side

[22:40] Recommendations for people sitting on the fence

 

Notable Quotes

• It's a bit like football. I may support Arsenal, but I can admire Chelsea.
• So, if you're a top buyer, a tip for any buyers listening to this is to understand what the hot buttons are for the person you're in front of and what matters to them most.
• I just put the owner's name and the word 'scam' into a Google search. 
• How can you help them get what they want by buying their business?

Resources

If you are looking for a lawyer in the UK to help you get the deal over the line, then use my guy John Andrews. You can phone his office at +03452412494 or email him at johnandrews.deallawyer@jmw.co.uk

To join the Fasttrack Program, you can 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 or get the

Webinar Training Video onwww.dealmakerspodcast.co.uk

Connect with Rob Goddard on

LinkedIn: https://www.linkedin.com/in/robgoddard/?originalSubdomain=uk