Business Buying Strategies From The Dealmaker's Academy

This week we meet Alison, who has bought a hardware retail outlet, and Jo, who has purchased five accountancy practices. They talk about finding the best deal, the negotiations and lessons learned since joining the mastermind group. Key Highlights Alison [02:06] What triggered Alison to buy a business [03:47] The process of choosing the best business that works for you [05:19] Alison's approach to finding the first deal [08:18] The second mistake made by Alison [11:22] Lessons learned in the process of finding the first deal [13:40] Staying from our comfort zone [17:55] Managing the business completely hands off [19:02] Top things that Allison has learned from the mastermind group Jo [20:23] All about Jo’s first acquisition [22:23] What motivated the seller to agree to a 20-year differed payment [24:54] Why you should go first on the price when making a deal [26:57] Why every sale and purchase agreement needs a mediation clause [28:23] Jo’s non-negotiables when buying a business [32:05] The goals for 2023 Not