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Looking to purchase a business but don't know where to start? In this video, Jonathan Jay, entrepreneur and business owner, shares his expertise on how to buy an established business.

Jonathan joins Business Connections Live to discuss how to identify a business to buy, set your acquisition strategy, and get going on your businessbuying journey.

Jonathan Jay debunks myths and emphasizes the importance of educating yourself on how to buy a company, rather than relying on others' advice. He explains how and why to derisk a transaction and describes how you can structure your payment for the business based on its performance to avoid putting everything on the line.

While buying a business without using your own cash may sound like a shortcut to success, it still requires a lot of hard work, knowledge, and skills. It's crucial to have a strong team of professionals around you to ensure that you're making informed decisions and minimising risks.

Ultimately, you must evaluate each potential acquisition and consider the risks and potential rewards before making a decision. You must do your due diligence – and be able to say no to a business that isn't worth the effort and expenditure.

Jonathan Jay believes that anyone can buy a business if they have confidence, experience, knowledge, and deal flow. If you are frustrated that your business has not hit seven figures, buying a business that is larger than yours can be the fastest way to achieve this goal.

Jonathan Jay discusses his personal approach to valuing a business, which involves understanding what the business is worth to him and what it's worth to the owner.

This video is helpful for anyone interested in business acquisition strategy, business mergers and acquisitions, purchasing a company, or investors who want to know more about what to expect when buying and/or selling a business.
Selling a business can put more money into your bank account than running one.