Confronting Jonathon Jay | How He Makes His MILLIONS!

In this video we are confronting Jonathon Jay on how he makes his millions... How does he seem to buy and sell all these businesses with little to NO MONEY? Is it really possible? How is it done? Let's find out in this episode.
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[@readmycomment3157]

I found this quite frustrating to listen to. Your questions were great, and reflect your open approach. His answers felt guarded and I dont really understand why he wanted to do the interview.

[@theaishaejaz]

Exactly!

[@benmorris1968]

Loved this question: "How did you get your first million in the bank by the time you were 28?" Ans: I was a failed Uni student living hand to mouth up to my mid 20's then I sold my magazine publishing business for bucketloads and hey presto bingo bongo million done. Like WTF! Where did the magazine publishing business come from? Did you start it from nothing? Did you manage to save enough from your hand to mouth existence? Family money? Hell, did he get the money to start the publishing business selling a bit of pooch at uni? From nothing to the first million was a huge struggle for me full of amazing stories but somehow this fellow did not even have one story about that achievement. Disappointed to the point of dismissive from this point forward.

[@MrJeffHead]

There is no record on companies house of him being a director pre 2000. He only had 1 directorship before 2008.

[@spo0ny2k]

@@MrJeffHeadhe’s inherited money

[@businessman7336]

With Jonathan Jay, as a rule, just take 50% of what he says to be untrue.

[@McCallumMade]

@@businessman7336 That's probably being overly generous.

[@theDealmakers]

Thank you for being such a great interviewer James and for asking questions I've never been asked before! I also appreciate the plug for my KZbin channel!

[@Shif80]

Confession time... I got your book a couple of years ago and it sat on the shelf. I’ve now got it in front of me off the back of this video. Another great video James. And thanks Jonathan for your insight

[@theDealmakers]

@@Shif80 glad you enjoyed it!

[@bcvids999]

If you had a repeat of this interview would the Welcome Nurseries insolvency report be discussed? That would be an interesting interview

[@SavvyMoneyShow]

Nice interview

[@musicjunk8266]

How's the nursery group going Jay? 😂

[@Mouldhead]

Would he come back on and talk about what went wrong with Welcome? That would be some serious learning right there

[@MrJeffHead]

No, he isn't open about his failings

[@EliteURBX]

This guy clearly had things he didn't want to tell. He made his first money by selling his publishing business. How did he start that? Where did he get the funds for that from? Many holes and gaps in the story and the questions were very soft ball not actually probing into the really interesting areas.

[@robl7418]

You can also learn from failures as well. I noticed that Welcome Day Nurseries, of which Jonathan is a director, is in liquidation. Be good to hear both sides of the business and what we can learn from failures as well as success.

[@musicjunk8266]

He fucked it up and lost everyones money.

[@stephenlaverty6266]

Really interesting, great to the point questions, 2 sharp guys. You don't really believe that this concept works but that really pulled back the curtains, great stuff

[@JamesSinclairEntrepreneur]

Thanks Stephen, glad you liked it.

[@antonioklashinkov]

Funny how the competitior story resembles what he did with the harbour club where he learned his trade and started competing with them 🤣🤦🏻‍♂️

[@sak079]

Lol Jonathan Jay - went to a Jeremy Harbour course (even gave a testimonial) not that long ago. And then started a competitor course - utter fraud. Plenty around. Avoid this guy like the plague. 5.50 - lol million quid in the bank from "business". Not a chance.

[@EldinKoljenovic]

Is Jeremy a fraud?

[@sak079]

@EldinKoljenovic Having done the Harbour Club - I would say no. The harbour club is exceptional and he seems a very good guy to boot. Jay did it and decided to copy the materials + is not a good bloke from my experience!

[@EldinKoljenovic]

@@sak079 Any experience with using any of Jeremy’s tactics? Can you vouch for the effectiveness? Cheers

[@sak079]

@EldinKoljenovic yeah I can l, it works. You need to put in the time and effort though. Alot of admin is required and you need to learn by doing so lots of mistakes will be made. One small business acquired as a bolt for a family member using these tactics. For me personally I have a well paid job i enjoy - I did spend 4 months focused on it and very nearly pulled off a massive acquisition for myself.

[@MrJeffHead]

He lied about selling the businesses when he did, but to my amazement he did have around a million in his shareholder funds.

[@jonathanspencer2961]

Great conversation to listen in on.

[@JamesSinclairEntrepreneur]

Thanks for watching Jonathan!

[@dizzyh]

This is such a great interview. You’re actually asking the questions that people want to know; I don’t understand why Jonathan seems reluctant to answer these questions

[@MikeSmith-rd9fi]

they all seem like that

[@almurray2000]

This is what I was going to say. JJ has agreed to an interview and then does his best not to answer any of the questions. Strange.

[@MrCharlesClassroom]

Because he is a fraud, you can google Jonathan Jay Welcome nurseries and see.

[@James-ic1mp]

Because he's a fraud. He swiped all of his stuff from Jeremy Harbour, and then set up in competition with him, and then complains that someone from his past swiped half of his stuff and half of his clients.

[@callumhutson58]

Comfortably the best business podcast episode I've ever seen! I think it's pretty clear why he says he doesn't want to sell...He basically told you earlier in the episode - he's a great negotiator and doesn't want to openly come across as a motivated seller!

[@MrCharlesClassroom]

Jonathan Jay is a professional course seller. Not really an entrepreneur. the nurseries he talked about went bankrupt with 3 million debt.

[@MrJeffHead]

​@@MrCharlesClassroomhe talks like a politician.

[@zhivkopetrov7118]

I adore the guys Business Buying Strategies' podcast, but his story on how he'd became a millionaire sounds made up on the go.

[@dominicnorthmore8384]

Really enjoyed this episode. Thank you James and team

[@alaz2505]

I follow both and having both together was really nice. Great talk and very informative. One of the best interviews I’ve heard. Jonathan was a bit worried about James at the beginning but James direct and inteligente questions relaxed Jonathan really well. I’m sure you both are business friends now. Well done.

[@ShayneWilliams]

Can you get Jeremy Harbour on please? That’s what I wanna hear! 🙌🏽

[@cryptocarlitos]

YES!

[@georginaporter4809]

good example of an old school business mind vs new age millionarie. Old school is is very secretive, private and doesn't give too much away. New age ones share everything that is possible to share so we can learn and take action. Very insightful talk though.

[@PappaP_Yorkshire]

Great interview, both of you offer some really great insights. I have a request though. There are so many videos about seller financed business purchases, but nobody ever mentions the tax implications. In the UK sellers are liable to pay CGT on the total sale price at the time of sale, even though they wont earn that money up front to pay the tax. Surely this creates a lot of problems?

[@trmpropertysolutions]

This is quality love this what a humble man 👌🏿

[@coasttocoast-bn3yi]

,James love your banter

[@JamesSinclairEntrepreneur]

Thanks so much!

[@matthewalder2202]

Which contacts in your team do you need to this. Accountant sols brokers banks etc ?

[@johnclarkeuk]

Great interview and great filming💪🏻🙌

[@JamesSinclairEntrepreneur]

Thanks for watching John!

[@MulticoElectrical]

James I must say I have been listening back to a lot of your podcasts and video. I have learnt so much in the past few weeks I have already put some of your ideas into place in my own my own business. In particular when it comes to staff. Keep up the great videos

[@JamesSinclairEntrepreneur]

Great to hear!

[@NathanJWinch]

Great video, two great guys 👍🏼

[@JamesSinclairEntrepreneur]

Thanks Nathan, very kind of you.

[@lawrencenisbett7579]

Fantastic podcast, very insightful

[@james1b14]

Superb interview.

[@JamesSinclairEntrepreneur]

Thanks James

[@stephengreen2626]

At 34 minutes Jonathan tells of how he wished the bank would return his calls. You would think the bank would be using their own time to learn how he was achieving so much. It’s really surprising but then nobody I worked ever got curious about how the stupidest person in the office kept buying more houses.

[@elliottheatley200]

this guy wouldnt make a very good bucket with all them holes.

[@hassanamir387]

I know 😂 his first statement about the first business he bought 18 months ago, he initially says they approached him, and then when James asks him says he does outreach and the business got back to him, that was just the first lol

[@robl7418]

Clinton Lee would be a great guest to have on. A seasoned £5m+ business seller.

[@NicolaCairncross]

Really enjoyed this one (I'm binge-watching after Dodge Woodall from the Eventful Entrepreneur put me onto you). I was in the personal development business the same time as Jonathan and ran mine from my 12-Bed Hotel in Worthing, that I had bought 'no money down' in April 2003. I had read a book by Russ Whitney from the USA that said it could be done, so I went out and did it in the UK. It was closed at the time so I also had to renovate it in 6 weeks and launch it as a hotel in time for the holiday season too - madness! But for a few years it really worked well as I'd made it 'boutique' on a budget and there weren't many boutique hotels on the South Coast at the time. You talked about banks not liking people buying 'real estate' like that, but mine - Nat West - was fine! My bank manager was old school but retired shortly after I bought the hotel which was a shame as he was a big supporter.

[@JamesSinclairEntrepreneur]

Banks love hotels and property that is owned and operated by the entrepreneur. They prefer this over investment lending. I’m not sure which part you mean on the property?

[@menacecompany7273]

Great Interview!

[@kugarmagnum]

Who’s the bastard who disliked the video!? This is gold

[@JamesSinclairEntrepreneur]

I have no idea, literally as I produce a video the same one or two people dislike the content. They obviously keep watching though! Glad you like what we make! That’s all that matters. I can’t please everyone

[@mikeormond7883]

How did you make you first million “ I had a publishing business “ 🤔

[@tengerine21.1]

Not convinced. Great work though from James!

[@andrewparker3563]

Great interviewing despite an edgy interviewee, he needed some cajoling 👍

[@andrewparker3563]

But you got him there! 😎👍

[@wiseprocurement6676]

Such a pleasant surprise to see you two together. I listen to one of you most evenings on my nightly walk. Superb conversion 👍👍👍

[@JamesSinclairEntrepreneur]

Thanks for watching!

[@TanimZamanOfficial]

Absolutely brilliant conversation!

[@JNYC-gb1pp]

I would like to hear you discuss how you EVALUATE potential businesses. The guy in the videos first biz was corporate training & magazine etc - so how did he discover those businesses? how did he evaluate in order to decide that it was viable? Surely you're not just doing it and hoping it works out! lol. So HOW are ideas evaluated? Also, can you talk more about biz ideation? In what ways are you thinking that facilitate new biz ideas?

[@JonWSportsInjury]

Fascinating conversation. Really enjoyed

[@JamesSinclairEntrepreneur]

thanks for that, glad you enjoyed it.

[@shoeguys1]

Get Samuel Leeds on

[@ldn876]

Love it.

[@redditroom2981]

What a cracking interview, really enjoyed this content..

[@JamesSinclairEntrepreneur]

Thanks for watching! Have you just found this channel?

[@kugarmagnum]

@@JamesSinclairEntrepreneur I just found it... I follow Jonathan Jay

[@Me-ll4ig]

I love these direct questions. You are asking all the questions I want answering.

[@joegee9018]

Story didn’t add up with his timeline 🤔

[@iamazaria]

Great vid.

[@emadbarday5474]

Amazing session Enjoyed it and learnt so much

[@JamesSinclairEntrepreneur]

Good stuff, love to hear it!

[@dennisaskeland4250]

James it’s tough listening to all your mouth noices, you’re always sucking back saliva

[@JamesSinclairEntrepreneur]

Sorry…. I was born this way? I’ll try not to breathe going forward LOL.

[@ec9833]

Hmm. He thinks anyone can do this…what would it look like for me to do this? I’d LOVE to hear that…only because where I’m at in life, my current skill set etc, should I be serious & tell someone I wanted to do this thing anyone can do, whether it be an average everyday person or a successful business person that touts anyone can do this…I do believe I’d be laughed at. I’d at least get a brief, uncontrolled sputter. 💁🏽‍♀️ I’d LOVE an actual road map from my starting point, let alone from hundreds of millions of ppl, probably billions of people & where their starting point is. Even beyond that…this globe is bound by a capitalist system, to which I’m not sure that’s the best name for it, as it requires the majority of humans alive in the planet, NOT being successful in business. In fact, IME & from what I’ve learned…it depends on the majority of that majority…to pay in & suffer through. So yeah…I’d love to see how all of us could do this.

[@TeddyCWT]

I don’t like these sorts of business guys. “I wouldn’t call them distressed businesses”, that’s well and good but what did the original owner think?. Great show, shows the good and the bad in the industry of making money 👍🏼. We call these guys in our business when they call us “the vultures/ corpse kickers”

[@snapfires5127]

Real biting questions, I am glad I listened to the video, American are more buddy buddy and they call themself confronting xyz

[@freemilo]

Great interview. Not all was revealed but much more than most entrepreneurs would disclose. Unfortunately most people get stuck in the operational phase and end up with nothing more than a high risk salary. The skill to start, grow or flip a business is not the part of the formula I'm missing, I need help with implementing strong management whilst I don't have capital. Any advice for a serial bootstrapper?

[@RichardArblaster]

great interview 😎

[@JamesSinclairEntrepreneur]

Thanks for watching Richard!

[@Al-Shaybani-Academy]

very interesting video.

[@paulkeeling1970]

What a fantastic insight into both your attitudes to business. So good. You are a great interviewer James. Keep up the superb interviews. Really fascinating to watch

[@JamesSinclairEntrepreneur]

Thanks Paul. Glad you enjoyed it!

[@robbie609]

I think the background could have been better here. Your a good salesman JJ

[@johngotti8549]

35:20 I did not know bank managers could go against their credit team to get loans to you that others in same position wouldn't get.

[@grahamhickling1651]

Don't know how many time's I've watched this video now. It's still mind blowing everytime you watch it!

[@JamesSinclairEntrepreneur]

Have you watched the following on video?

[@grahamhickling1651]

@@JamesSinclairEntrepreneur I miss the good old days of betamax lol

[@stephengreen2626]

So many businesses are established “doing something you love” whereas Jonathan selects businesses he understands enough to add value.

[@adams3552]

James, love your content. Would you be able to recommend a good solicitor for aquisitions? I know it's odd asking on YT comments. If you help me with this I promise to take your consulting services should the aquisition go through. Many thanks

[@jasonbhemah2748]

Omg such a great interview thank you for creating this video content!! By the way your camera man breathing was a bit off putting at around about 22.00 minutes

[@ABCDefpaco]

This aged like milk

[@thomashunt6016]

I'm from Wolverhampton :(

[@andrewburbidge]

As I said in the comment on the video with the title, Is it all worth it? on December 10th, it has been estimated there is going to be a shortage of 384,000 day care places in Germany in 2023. There could be room for you both there, maybe as partners.

[@bartoni79]

Fantastic video and great interview technique!

[@londonman8688]

so scamming bounce back loans .. disgraceful

[@keithclampton]

Very good interview 👍

[@Philxxxxxx]

Brilliant interview one of the best 😀

[@pantherman8719]

I just wanna make enough to pay off my car, put down on a nice, cheap house, and be wealthy for a good long while. P2P sucks.... and investing takes too long in my case.

[@tmharish888]

If Jonathan is 50 years now In 2021 then in 2005 -2006 ,he claims to made million ,then he must be Age 35 years not 28 ?

[@theDealmakers]

I think you misunderstood.

[@elliottheatley200]

@@theDealmakers Your storey does not add up. who does not remember there age at key moments of there life.

[@AbsurdityandWit]

@@elliottheatley200 imagine clicking on a video to learn about business but then focus your full attention on finding holes in someone’s story🤷‍♂️

[@MrJeffHead]

​@@elliottheatley200 its b.s! The first company he was a director of in the UK was in 2000 when he was which he still owned in 2007. The second company he was a director was in 2008. So I can't see what companies he sold in his 20s.

[@hakankaya]

👍💡💡💡🚀👀🫶

[@nassah2010]

how can you run/own a business and not know how it works? am i missing something here?

[@AbsurdityandWit]

You go and learn

[@AmericanSupremacy.]

You hire people who know how

[@bcvids999]

Brilliant questions James. I havent been convinced by JJ in the past but if he gets your stamp of approval then that is good enough for me

[@JamesSinclairEntrepreneur]

I am not endorsing him or anyone for advice on the channel. My stamp of approval hasn’t been given here or for anyone. I don’t necessarily agree with all of it at all. I agree buying businesses is smart but this is certainly not me signing this off in this video.

[@bcvids999]

@@JamesSinclairEntrepreneur but I’ve just signed up for his course now?

[@bcvids999]

Oh god I just read about how all the nurseries turned out. I also can’t find virtually any evidence of the previous business he talks about during this conversation

[@Bobby-hn3cu]

@@bcvids999any updates post course? Was it worth it? What are your reviews?

[@MrJeffHead]

​@@bcvids999 its a complete fabrication. He wasn't even a director of any company in the 90s. Only a director of 1 company until the year 2008. Complete liar.

[@NoName-vy8vu]

Excellent

[@JamesSinclairEntrepreneur]

Thanks

[@ClintonPemberton-bx1lx]

I am in my fifties, and I want/need to become a millionaire, is my goal reachable? Am I too old? Can you help me 😁?

[@ivoryreviewsstuff]

Great interview!

[@JamesSinclairEntrepreneur]

Thanks for watching!

[@metastract]

Great interview and topic(s). Nah I don't think kids slow the guys down with goals as much as women (which is why a lot of us now stay childfree). It's absolutely not selfish to delay kids or no have any at all. There are many ways to add value to society and many are much more altruistic, i.e. caring only for those who are related to you isn't altruistic. So, good for everyone who focuses on their goals and finances first.

[@cosmostudios1313]

CAN ANYONE WHO HAS ENROLLED AND ATTENDED JONATHAN JAY'S - One-Day Super-FastTrack Business Acquisition Programme, GIVE ME HIS/HER GENUINE REVIEW OF THE COURSE? HEAR FROM YOU SOON. THANKS

[@theDealmakers]

JUST GO TO MY LINKEDIN PAGE AND YOU'LL SEE LOADS (sorry, forgot to turn off my caps lock)