How to Fund Buying a Business (real examples you can use)

[@MrJeffHead]

James, you are for the noobs too. I watched for years before owning a business. I bought a good business, at a great price. After doubling turnover and trebling profit i'm now on the look at for the next one!

[@jimcollins7334]

Would be really interesting if James interviewed you for his podcast. The challenge many face is that they have general management experience and funds, but don't know how to find and assess businesses. James did a great job here but he's long past the beginner stage. Lots of the podcasts are for quite established businesses where the owners have found themselves in good spaces and capitalised. Not for people working in big corporations, civil service etc but are itching to get out.

[@DanKxxx]

I work in banking, but not in the frontline but managing the data and lending models. Usually, it's not so much about what sector they are in, but more so the financial statements. There are defiantly more reliable sectors, but usually a few years of financials should show you how things are going. Liabilities to assets is usually the quickest indicator to understand how risky something is and is often the biggest thing that'll determine if you can get lending.

[@AndySClips]

Loving the content! I have been listening to all your podcasts and have just signed up to EU ! It’s really helped reminding me to go back to what works, good old fashioned marketing 👍🏻 I might sign up to get on the podcast soon !! Many thanks for all your motivation… priceless. Andy S

[@thedappercook]

James love love love your clips. A long time subscriber

[@ScaryGary-c8t]

This video is very helpful, and inspiring, thank you james

[@villadsjappe]

Hello James, I come from Denmark and i am a very big fan of you and your channel. I do have a question, in almost every video you tell us viewers that this channel is for people with experience or: " It is not for people on their first rodeo" . But what if I want to buy a small company that doesn't require much experience? For an example I have looked at power washing companies, which is pretty simple work that takes time. I am 20 years old and do not have any experience in the cleaning sector, but have learned a lot online. Is it stupid? I would really appreciate if you made some videos on how to buy businesses as complete beginners with no experience if that's what you mean.

[@rickp2293]

start it up yourself my g

[@KotechKhannel]

This is an amazing channel actual value

[@jimrice4068]

Nice video James 🙏🏽👌

[@benm868]

James do you have any opinions on investing in index funds?

[@thedappercook]

ETFs mate. But only if you're patient and prepared to invest regularly

[@Vimalanvijay]

No opinions here, just do it if you have extra money after your expenses are covered.

[@MrJeffHead]

I'm sure he'd think its a good idea for someone happy with their job. Not such a good idea for an entrepreneur. Entrepreneurs should get a much better return than an index fund should. Rather than sticking 100k in the stock market, put that to a deposit on a business to buy yourself.

[@WendyThomas-y2u]

You're doing a fantastic job! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). What's the best way to send them to Binance?

[@WeixDraqz]

What if you have say 50k gbp. But dont own a house, even if you try to buy 50% of a company. The other owner wouldn't really want to put a personal guarantee on the business or themselves?

[@Kfw-i2x]

James the biggest problem I'm finding is that banks don't want to lend me more money due to existing debt. Personal guarantees have 'ran out'. I own a company and bought two others the last few years. I want to expand my empire further but it looks like the banks are a dead end - any advice?

[@uditfonseka]

good question

[@Tom_murray89]

warren buffett is great

[@SB-hr5yr]

It seems like you might have lost some weight or is camera trickery LOL

[@ms9240]

Wb😂

[@richardfothergill8090]

Have you ever had your fingers burnt?

[@alankeane4059]

Slow pounds