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Your free training on how to buy a business without cash is here: bit.ly/3VyyHjH
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Do not let a lack of understanding about an industry hold you back from buying a business in an unfamiliar sector.
While it makes sense to buy a similar business to your own for your first deal, once you understand the process you can choose to enter any field you wish.
I recently spoke at Rainmaker Academy about the difference between a business investor rather than a business owner.
When you are a business investor, your sector or industry is irrelevant. To prove it, I shared recent successes from clients who bought highly profitable businesses in areas they knew nothing about.
One client even transformed the business by increasing profits 3.8x in just 12 months.
In my latest KZbin video, I walk through these examples to show you how anyone can buy a business in any industry for no money down when you have a system that works.
You will discover…
- How one client bought a £2.5 million business in a sector they knew nothing about
- How you can pay yourself a “deal fee” upon completion of a deal (it’s only what M&A professionals have done for years)
- How a client bought a £2.5 million revenue steel manufacturing business using only £2,500 of her own money (that she got back on the day of completion)
- How to use a business’s own property to fund its purchase from the owner without any of your own money
#businessacquisition #buyingabusiness #profitability