Buying a Business for Beginners - Using Other People's Money! Jonathan Jay | 2023

Your FastTrack Course is here: learn.dealmakers.co.uk/yt-wor...
In this KZbin video, Jonathan Jay shares his expertise on how to buy a business without using your own money. He has an impressive track record in buying and selling businesses and has written 10 books on business.
Here, he provides valuable insights on acquisition strategies, business mergers, and how to purchase an established business.
During this training, he emphasises the importance of being prepared for opportunities to buy a solid, profitable business without spending any of your own money. He believes that buying a business is the fastest way to grow an existing business and cash out in the future.
Jonathan Jay introduces you to several of his students who have successfully acquired businesses using other people's money.
Phil was able to buy a £7 million revenue business that made £1 million of annual profit for only £1.7 million. Phil didn't have £1.7 million, but with the methods that Jonathan Jay taught him - which can be applied to any sector - he was able to fund the purchase without reaching into his own pocket.
Jonathan Jay explains how you can make more money from buying and selling businesses than from running them. Buying a business can save you time, money, and frustration. If you're struggling to take your business to the next level or achieve the success you desire, he suggests buying a business instead of starting one.
Jonathan Jay shares his amazing case study of how he added £2.5 million to the value of his business with one acquisition, which doubled his exit value from £2.5 million to £5 million in just a few months. Jonathan's experience shows how purchasing a competitor can double your exit value and dramatically grow your business.
Jonathan Jay also gives a case study of how he paid just £1 for a £4.75 million revenue digital marketing business. He cautions that you should never buy a business that's making a loss unless you know how to fix it.
Jonathan Jay shares four golden rules of business acquisition: never use your own money, don't run the business yourself, avoid personal risk, and plan your exit early.
He explains the different methods of financing a business acquisition, believing that if a business can pay for its own acquisition and doesn't involve putting any money in, then it's a great investment opportunity.
If you're serious about buying a business, you won't want to miss Jonathan Jay's valuable insights on business mergers and acquisitions, purchasing a business, and much more. Tune in now and take the first step towards your dream of owning a business!

[@TheKingCoyle]

Hey Johnathan I heard you on the empire flippers podcast and I was blown away. Looking forward to following your content. thanks

[@kaliamunish]

Jonathan could you clarify how relevant is this training for us folks in North America. It seems that lot of your practical training are very UK specific.

[@theDealmakers]

Hi, yes - we have clients all over the world and a lot in North America. Many of my examples will be British as I'm from the UK but the strategies are universal. Hope that helps

[@theDealmakers]

If you enjoyed this video and would like to take the next step to learn the best ways of buying a business, without risking your own cash, your Fast Track Course is here: learn.dealmakers.co.uk/yt-workshop-access

[@VibeXevents]

Omg never go to the site for first deal I’m actually doing that now 😮

[@dzyahscloud8256]

Hi Jonathan, I've learned so much more through your videos, if only i saw your video before i would of signed up with yourself as I've already signed up to a similar programme but never mind. In order for me to make the next step I would like to hear success stories of women business buyers. Do you have success stories of successful women buying businesses please, as a women myself it would give me much more confidence. thankyou

[@theDealmakers]

We have many of them and a growing group of women entrepreneurs!

[@Radiance70]

Hi Jonathan, I'll be at work and on call so those dates are not possible for me do you have any dates later so I can maneuver?

[@sahilmasseyvoiceovers8686]

Hey Jonathan, Will this be applicable if I want to buy business in Portugal or anywhere in Europe?

[@theDealmakers]

yes - we have clients throughout Europe

[@businessmoneyNi]

Do you cover in the course on how to fix a distressed business after buying it?

[@theDealmakers]

We do that on our Mastermind course, yes

[@Geaxuce]

Why would it be such a bad idea to buy a business from a broker as the first business if someone were to use such strategies as purchase from cashflow? Is because there are contracts via the brokers which are hard and fast? Or do brokers tend to require a large, upfront cost on sale?

[@theDealmakers]

if you are a beginner, negotiating with a professional will not go well for you! Better to go direct to the seller!

[@damien2286]

I signed up for fastrack earlier this month, has this course you mentioned here been incorporated into the mastermind?

[@theDealmakers]

No - it's completely different: dealmakers.co.uk/fast-track-programme/

[@samiam5434]

So a recession is prime time to buy??

[@HerseySyntheticOil]

Jonathan, what if the company only has a book of business no assets? the business has sold over 706k per year for several years, the owner has earned before taxes 273k for the passed 3 yrs that's 91k before taxes and expenses. I know the business and I am building my own book. He wants to sell the business for gross earnings but I know it goes off of net net, How would you evaluate a book with no assets. The customers are very loyal to the brand.

[@theDealmakers]

usually, I'd say that £91k pre tax profits is too small - unless you are just absorbing his client base into your own.

[@serriegranville2424]

You speak a lot about revenue but how much expenses are to be paid?

[@theDealmakers]

Do you mean, what's the profit?

[@andreviljoen6902]

The button takes me to a website on how to build funnels not how to buy a business or a form to what you say in this video......

[@theDealmakers]

It was just a broken link - fixed now