How One Business Acquisition Changed Everything - Jonathan Jay 2024

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Are you interested in buying a business? In this video, Jonathan Jay talks to Andy, a former participant in his Mastermind programme, who bought his first business after attending the programme. They discuss Andy's acquisition strategy and the process he used to acquire his first business.

They also touch on how Andy's business has grown over the last five years, and the role of acquisitions in that growth.

Jonathan Jay emphasises the importance of not getting attached to any business during the negotiation process and making sure to do due diligence between initial conversations and closing the deal. He also shares a neat way of not paying anything for the first 90 days after acquisition.

Andy shares his insights on the challenges and benefits of merging two businesses, including the cultural differences between the two companies and the efforts made to integrate them successfully. He talks about how they formed a group name to unite everyone and promoted existing employees to senior roles.

Andy highlights that the integration process is the biggest challenge faced by professional business buyers, and it requires a lot of effort and patience. Andy's experience and insights are valuable for anyone considering buying or merging businesses.

Andy explains how implementing a strong process within a business can create recurring revenue, and how having a good managing director in place can ease stress and create opportunities for growth.

If you are interested in acquisition in business, business acquisition companies, business acquisition strategy, business mergers and acquisitions, buying a business, buying a small business, or how to buy a company, this video is for you.