The ideal dealmaker and strategies for business acquisitions

In this episode of the Business Buying Strategies Podcast, Jonathan Jay discusses the traits of an ideal dealmaker, emphasising the importance of courage, determination, and a positive outlook. 

 

He shares insights into why buying an existing business can accelerate success compared to starting from scratch. He also talks about strategies for deciding what type of business to buy, including purchasing companies within your existing sector, supply chain, or distribution chain. Additionally, he highlights the value of surrounding yourself with a strong deal team and the benefits of clarity and focus when developing a business acquisition strategy.

 

The episode concludes with insights from a discussion with Ian on the challenges of balancing work and personal life and how to determine financial goals.

 

Key moments

 

00:00 Introduction to Business Buying Strategies

01:03 Who Makes an Ideal Dealmaker?

04:13 The Courage and Determination Needed

08:38 The Importance of Strategy and Focus

11:37 Part Two: Discussion with Ian

14:48 The Role of a Deal Team

17:54 Advice for Aspiring Business Buyers

20:45 What Type of Business Should You Buy?

26:45 Benefits and Risks of Buying Different Businesses

29:57 Conclusion and Key Takeaways

 

** 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 johnandrews.deallawyer@jmw.co.uk.

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 hello@thedealmakersacademy.com for more information.