What Happens AFTER You Buy a Business - Jonathan Jay 2023
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- Опубликовано: 15 фев 2023
- Your free training on how to buy a business without cash is here: bit.ly/3IYBjzS
In this insightful video, acquisitions expert Jonathan Jay interviews Darren Jacobs, an experienced business owner who successfully acquired and integrated 21 businesses into a single company.
If you're interested in business acquisition, mergers, and creating a cohesive business structure, this is a must-watch!
Darren Jacobs shares his valuable experiences, including challenges encountered and mistakes made during the integration process. A key focus of the discussion is people - staff integration and ensuring a smooth transition for the acquired businesses.
Learn from Darren Jacobs's journey as he candidly explains the complexities of the integration process and offers insights into building a unified business model. Discover how he tackled issues such as different payroll systems, commission schemes, customer databases, and software packages.
Hear about the importance of aligning staff with the new company's pay scale and commission structure, resulting in quick wins and improved retention rates.
Jonathan Jay and Darren Jacobs delve into the challenges of integrating different businesses, highlighting the need to consider factors like pricing structures and demographics. They discuss the critical step of gaining control over finances and cash flow in the acquired companies, which can be a complex process requiring creative solutions.
They stress the importance of having visibility into the business's daily operations, achieved through software systems that allow monitoring revenue, stock orders, and cash flow.
Darren emphasises the significance of having the right people and culture in a growing business. He also highlights the importance of being a disciplined investor and not rushing into deals for the sake of quantity.
If you're considering buying an existing business or expanding through acquisitions, this video provides valuable tips and strategies.
Whether you're a seasoned entrepreneur or a newcomer, you'll find useful advice on purchasing a business, integrating teams, and optimising operational efficiency.
If you enjoyed this video and would like to take the next step to learn the best ways of buying a business, without risking your own cash, you can access my free training at bit.ly/3IYBjzS
Thank you!
Hi Johnathan, great video as always - I've followed lots of your videos now and I'm really motivated to get in this game. I'm 18 years old and my concern is funding my way into businesses and also my age and being taken seriously and appropriately - I'm really wanting to get into it, but in need of some reality check before diving head first
Do you have many younger members in your program?
Don't let your age stop you - believe in yourself - I wish I'd known this when I was 18!