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In this video, business mergers and acquisitions expert Jonathan Jay lets you see behind the scenes of what it takes to record a podcast. You’ll see him speak with five people involved in business acquisition. If you’re interested in buying an existing business, this is a mustwatch video.
First up is Rob Goddard, who discusses his businessbuying experience, including his first business sale and the importance of having a solid team. They touch on the common mistakes made by business acquisition companies, such as overvaluing businesses and not having an honest conversation with clients.
Next, Jonathan Jay sits down with Cliff to discuss the ins and outs of buying or selling a small business. As someone who has spoken to over 1,000 business owners looking to sell, Cliff shares his insights on the biggest mistakes owners make when it comes to the acquisition process.
Thirdly, Jonathan Jay interviews Daniel who provides insights into what it takes to acquire a business. They discuss the importance of planning an exit strategy even before making an acquisition and the challenges faced when integrating two different companies. Daniel emphasises that the biggest challenge in the M&A space is always people.
Next, Jonathan Jay talks with HR expert Kelly. Many entrepreneurs saw the pandemic as an opportunity to acquire businesses. However, this came with its own set of challenges, such as managing staff doing remote work, dealing with paperwork and documentation, and facing legal issues related to staff regulations.
Kelly emphasises the importance of seeking professional help from companies that specialise in business acquisition strategy.
Finally, Jonathan Jay speaks with James. They discuss whether it is better to buy or start a business, and scaling up a business through acquisitions. James argues that it is easier and more profitable in the long run to buy an existing business, rather than start one from scratch.
He highlights advantages such as instant cash flow, an established customer base, and existing suppliers and infrastructure.
If you're interested in learning more about business acquisition and strategy, and how to purchase a company, this video is a great place to start.