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If you are interested in buying a business, this is a must-watch! In this insightful video, Jonathan Jay provides essential guidance for your first business acquisition, addressing key considerations such as the size of the business, its management structure, and the ideal location.
Whether you're interested in acquisition strategies, business mergers and acquisitions, or simply looking to buy an existing business, this video is packed with valuable insights to help you make informed decisions.
Jonathan Jay emphasises the importance of opting for larger businesses for your initial acquisition, where owners are less involved in day-to-day operations. By targeting more mature businesses with established management structures, you can ensure a smoother transition and continuity in operations.
Discover why businesses generating several hundred thousand to a million pounds in revenue are often ideal choices, as they possess proven formulas for success.
Additionally, Jonathan Jay addresses the question of where your first acquisition should be based. He advises against purchasing businesses in distant locations or other countries, highlighting the convenience and practicality of being able to visit the business easily.
Starting your search in your local area allows for greater accessibility, facilitating face-to-face interactions with the business owner and staff.
Don't miss out on these essential insights from business acquisitions expert Jonathan Jay for your first business acquisition!
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