Business Buying Strategies from The Dealmaker's Academy

If you're anything like me, then you think that a personal guarantee puts your neck on the line. You think that a buyer that puts their house on the line for their business is risking their livelihood. Well, I'd like to introduce you to Dean and Keir, who run a company that specialises in personal guarantee insurance. This means that you can save your house ... if you've put that on the line. How does their personal guarantee insurance work? And who is it designed for? You'll also hear: How to avoid the question "How much are you going to buy my company for?" The tax implications of buying a business with contractors and freelancers. Tax implications of buying assets vs shares. Follow or connect with Jonathan on LinkedIn https://bit.ly/2S3Xzxw Watch our YouTube Channel The Dealmaker's Academy https://bit.ly/3b86OFI Visit us online at www.thedealmakersacademy.com Episodes of Business Buying Strategies are available on iTunes, Spotify, Google Play, Stitcher and Breaker. Disclaimer: Nothing in this podcast should be construed as legal, financial, tax or business advice. The information is for entertainment only and you should always engage suitably qualified professional advisors. Jonathan Jay, the guest presenters and The Dealmaker's Academy Ltd do not take any responsibility for your actions and decisions as a result of this podcast.

Here's a frustrating situation that many deal makers run into... You've found an entrepreneur that wants to sell their business... You've agreed heads of terms... So... You think completing the deal will be simple. After all, you're not buying a multi-million business with different entities. You're right to think that you ask the staff a few questions, do your due diligence on the books and you can draw up the Sale & Purchase Agreement. But... What happens when the seller stops responding to your emails and stops taking your calls? Does this mean that the seller doesn't want to sell their business? Does this mean that the seller wants to change the deal but can't tell you? What should you do in this situation? Also in this episode: How to negotiate a deferred consideration when the seller is asking for a cash payment on completion. What mastermind member Simon learned by growing his software company through acquisition. Asset finance specialist Clive Parry reveals the benefits of invoice financing. Follow or connect with Jonathan on LinkedIn https://bit.ly/2S3Xzxw Watch our YouTube Channel The Dealmaker's Academy https://bit.ly/3b86OFI Visit us online at www.thedealmakersacademy.com Episodes of Business Buying Strategies are available on iTunes, Spotify, Google Play, Stitcher and Breaker. Disclaimer: Nothing in this podcast should be construed as legal, financial, tax or business advice. The information is for entertainment only and you should always engage suitably qualified professional advisors. Jonathan Jay, the guest presenters and The Dealmaker's Academy Ltd do not take any responsibility for your actions and decisions as a result of this podcast.

As you know your strongest negotiating move is the ability to walk away. That's how Richard Branson bought Necker Island for $180K rather than the $5M asking price. He made a ridiculously low offer and kept walking away until the seller's motivation increased... and they accepted his offer. You can do the same thing when you have Deal Flow. There's nothing that kills your decision-making ability like scarcity. If you think this is the ONLY deal you will find, then you will pay more than you should. That's one of the reasons why I never look at one deal. I try to look at 3 to 5 similar deals. The first deal always looks the best until you have seen the others. Then you are in a much better position to buy the best business for you. One of my Mastermind members, Paul, has found a way to make deal flow easy. Paul owns a heating and plumbing business and he wants to grow through acquisition. To get instant dealflow Paul bought a list of his competitors and sent them a letter. A letter explaining that he would like to buy their business. What results did Paul get? I'll let him tell you in this week's Podcast. You'll also learn: What business information you should look for on Companies House. How to avoid offering a personal guarantee. Whether keeping the existing owner will help or hinder the business valuation. Follow or connect with Jonathan on LinkedIn https://bit.ly/2S3Xzxw Watch our YouTube Channel The Dealmaker's Academy https://bit.ly/3b86OFI Visit us online at www.thedealmakersacademy.com Episodes of Business Buying Strategies are available on iTunes, Spotify, Google Play, Stitcher and Breaker. Disclaimer: Nothing in this podcast should be construed as legal, financial, tax or business advice. The information is for entertainment only and you should always engage suitably qualified professional advisors. Jonathan Jay, the guest presenters and The Dealmaker's Academy Ltd do not take any responsibility for your actions and decisions as a result of this podcast.