In this episode of Business Buying Strategies, Jamil shares his journey from a career as a paramedic to owning a $4.5 million revenue business without using his own money.
He explains his decision to leave a lucrative corporate career to pursue business acquisitions, detailing his process of selecting and acquiring a business in the fire safety sector, which is recession-resistant and ripe for innovation.
Jamil describes the negotiations and the structuring of the deal that involved retaining some equity for the sellers. He also discusses the importance of joining Mastermind for guidance and networking, ultimately emphasising the value of investing in self-education for successful business acquisitions.
Key moments
01:03 Upcoming Events and Opportunities
02:10 Meet Jamil: A Successful Acquisition Story
03:00 Jamil's Background and Journey
09:30 Choosing the Right Business Sector
13:19 The Acquisition Process
22:58 Negotiating the Deal Structure
23:48 Justifying Personal Investment
24:58 Finalizing the Agreement
26:19 The Importance of Immediate Action
28:10 Reflecting on the Journey
29:01 Navigating Deal Changes
32:39 Securing Financing
37:41 Completion Day Challenges
39:27 Post-Completion Reflections
39:47 The Value of Mastermind
** Looking for a great acquisition lawyer in the UK? Use mine! **
If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk.
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Here’s how you can start your business buying journey…
Download our free Business Buying Toolkit
https://dealmakers.co.uk/business-buying-toolkit
Join our Business Acquisition FastTrack programme
https://www.dealmakers.co.uk/fast
Already bought a business?
if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on hello@thedealmakersacademy.com for more information.