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/4aPsHHU Thank you!
Hi, I have a couple of concerns preventing me from taking the first step. Firstly, I'm concerned about where to find a reliable team to guide me through an acquisition (I see you recommend a lawyer in your video and mention the need for an accountant, but I'm not 100% sure on who else I might need or where to find them). Secondly, I'm concerned about how much hiring this team will cost on average and how I will pay them without putting money down (can I pay them from profits made from the business I acquire down the line? If the business I'm looking at isn't viable, I understand I'd have to pay for their time myself but I need to know an estimate so I can make sure I have that set aside in case of the worst). Could you help settle these concerns please?
Another amazing line of revision before day 3 of the course...brilliant and thank you Johan...I will be a. Client for sure.!, and thanks again Jonathan
A question on leveraged acquisitions part that came up at 28:27, how can you use the acquired business to finance your next acquisition if you already borrowed for that first acquisition based on it's cashflow?
Watching again and getting ready to come onboard very soon when my deal closes.....but can I ask....when I write the initial consideration and deferred payments contract, is that me writing it or is it the businees I am acquiring.?
![[NZ] Buying a Business: How To Undertake Due Diligence | LegalVision](/img/n.gif)
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/4aPsHHU
Thank you!
This was a great interview. Thank you so much. I’m looking forward to the mastermind and connect with professionals like this 👍
Glad you enjoyed it!
Another brilliant revision session, thank you Jonathan and Johan...and definitely going to join up once on the DM course with target acquiaitions
Hi, I have a couple of concerns preventing me from taking the first step. Firstly, I'm concerned about where to find a reliable team to guide me through an acquisition (I see you recommend a lawyer in your video and mention the need for an accountant, but I'm not 100% sure on who else I might need or where to find them). Secondly, I'm concerned about how much hiring this team will cost on average and how I will pay them without putting money down (can I pay them from profits made from the business I acquire down the line? If the business I'm looking at isn't viable, I understand I'd have to pay for their time myself but I need to know an estimate so I can make sure I have that set aside in case of the worst). Could you help settle these concerns please?
Another amazing line of revision before day 3 of the course...brilliant and thank you Johan...I will be a. Client for sure.!, and thanks again Jonathan
A question on leveraged acquisitions part that came up at 28:27, how can you use the acquired business to finance your next acquisition if you already borrowed for that first acquisition based on it's cashflow?
Because business number one is profitable and you can borrow against those future profits. Repayments are made by business number 2.
And I am still procrastinating 😬
Fascinating accounting minds...
📉
Watching again and getting ready to come onboard very soon when my deal closes.....but can I ask....when I write the initial consideration and deferred payments contract, is that me writing it or is it the businees I am acquiring.?
Thank you for helpfully info!!!
Glad it was helpful!
Excellent interview 👍
Glad you enjoyed it!
Another great interview
Many more to come!
Can we have this accountant details please?
How do people afford to do DD AND buy the business?? Madness.
Because you don't need to use your own money - that's the main message on this channel