What size business should you buy for your first acquisition?

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The size of business you choose to buy as your first acquisition is one of the most important decisions you make.
I have heard story after story from dealmakers who said they wish they had bought a bigger business as their first deal.
To help you make an informed decision and choose the right business for your first purchase, we have published a video today answering this question.
In the video, I walk through some useful guidelines for making this decision, such as how much revenue, how many staff and where it should be located.
If you are still unsure about the size of business you want to acquire, I recommend watching this video. It will be a real help in clarifying your thoughts.
In this video, you will discover…
- Why getting the first acquisition wrong makes everything harder
- Why smaller businesses tend to be owner-managed (and why this could be a problem if you are acquiring the business)
- Why you need to discover how much it will cost to replace the owner (if they play a role in the day-to-day management of the business)
- Why buying a million pound plus revenue business gives you greater certainty
- Why you should not buy a business in another country as your first acquisition
#businessacquisition #buyingabusiness #businessbuyingstrategies

[@theDealmakers]

Your free training on how to buy a business without cash is here: bit.ly/3PBMAK2

[@TalkA.I.]

Good Video Jonathan. What would you say is the minimum Net income / EBITDA should one look for in their first deal ?

[@theDealmakers]

at least £150,000

[@hakankaya]

🚀👍

[@danarobinson6156]

🎉🎉

[@StevePellan]

Great video. Thanks.