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In this video, business acquisitions expert Jonathan Jay addresses a common question asked in his business-buying courses: how long does it actually take to buy a business?
If you have a full-time job or a busy schedule, can you still pursue a business acquisition?
Watch this video to discover the answers.
Jonathan Jay provides valuable insights into the timeline of purchasing a business: on average, the time between agreeing to a deal and owning the business is six weeks, which is a reasonable timeframe.
Contrary to the belief that buying a business requires all your time, Jonathan Jay explains that the legal work, financial accounting, HR tasks, tax advice, and other professional aspects are handled by your team of experts.
As the buyer, your primary role is to find the right business, negotiate the deal, and ensure a smooth transition, which can be accomplished within a couple of hours per week.
Interestingly, the flexibility of buying a business allows you to invest those few hours during evenings and weekends.
Most business owners prefer discussing the sale outside regular working hours to maintain confidentiality. By strategically managing your time, you can navigate the acquisition process without overwhelming your existing commitments.
If you currently own a business and worry that acquiring another will increase your workload, Jonathan Jay presents a different perspective.
When you buy an additional business, you often gain more free cash flow, enabling you to invest in additional management and create a larger, more efficient entity. Surprisingly, many participants in Jonathan Jay's Mastermind course discover that buying a business actually grants them more time, energy, work-life balance, and potentially greater financial success.
If you are looking to buy an existing business, or an additional business, this video is a must-watch.
It's a transformative experience that empowers entrepreneurs to leverage their existing infrastructure and delegate tasks effectively.
