Business Buying Strategies From The Dealmaker's Academy

Persevering after six failed business acquisitions

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Sinopsis

This week we meet up again with Rob Goddard, this time about his experience of buying a business, rather than brokering sales.   Key Highlights [01:48] Rob’s first acquisition [05:38] Buying a distressed business [06:48] Six failed attempts to acquire a business! [10:20] Why the business couldn't adapt during Covid [11:50] Discovering unprofitable customers [17:00] Turnaround in seven months [18:35] Managing change and getting people on side [22:40] Recommendations for people sitting on the fence   Notable Quotes It's a bit like football. I may support Arsenal, but I can admire Chelsea. So, if you're a top buyer, a tip for any buyers listening to this is to understand what the hot buttons are for the person you're in front of and what matters to them most. I just put the owner's name and the word 'scam' into a Google search.  How can you help them get what they want by buying their business? Resources If you are looking for a lawyer in the UK to help you get the deal over the line, then use my guy John Andr