This growth by acquisition strategy is brilliant and your format with so many branches to cross-sell your other product ranges to is brilliant....I am now going onto Jonathans course....because you showed it to me, thanks.!...and the properties can be bought ‘off-market’ too...
@@JamesSinclairEntrepreneur Thinking about it, I actually nearly did vendor finance in the past. It was a deferred consideration agreement, I managed to negotiate a lower upfront, with a market value bridge on a hotel which made it a virtually no money down deal. Thinking back I really wish I went for it, the only thing that stopped me was my self-doubt (as I was only 20), and the working capital requirements. A year on, I really wish I knew what I know now lol
We are in process of buying first SME. Not as good as this, but we've done it by using heuristics (retiring owner in Construction services), get data from companies House and then reaching out directly. Takes time and a lot of no. But our theory is over time this will snowball as we complete on first few we will inform the people that said no and when they are actually ready we will be top of mind.
On a scale of 1-10 how realistic is it for a full time employee to buy and grow an existing business as a way of creating an alternative income stream?
@@JamesSinclairEntrepreneur thanks so much for replying. Something to consider - where would someone go about acquiring stock to sell in the first place?
This growth by acquisition strategy is brilliant and your format with so many branches to cross-sell your other product ranges to is brilliant....I am now going onto Jonathans course....because you showed it to me, thanks.!...and the properties can be bought ‘off-market’ too...
You are a genius James.
Absolutely fantastic
How would you find these sorts of businesses? Is it just through networking and things like that?
People come to me these days as I have made a ton of content, you could also use letter in the post to approach people and yes networking.
@@JamesSinclairEntrepreneur thank you James for that. Have a good evening sir 👍
@@JamesSinclairEntrepreneur Thinking about it, I actually nearly did vendor finance in the past. It was a deferred consideration agreement, I managed to negotiate a lower upfront, with a market value bridge on a hotel which made it a virtually no money down deal. Thinking back I really wish I went for it, the only thing that stopped me was my self-doubt (as I was only 20), and the working capital requirements. A year on, I really wish I knew what I know now lol
We are in process of buying first SME.
Not as good as this, but we've done it by using heuristics (retiring owner in Construction services), get data from companies House and then reaching out directly.
Takes time and a lot of no. But our theory is over time this will snowball as we complete on first few we will inform the people that said no and when they are actually ready we will be top of mind.
@@AidanHeronUK Cheers for this, much appreciated 👍
Interesting business 😎
На днях пользовался этим like.ac всё пришло
На днях пользовался этим like.ac всё пришло
On a scale of 1-10 how realistic is it for a full time employee to buy and grow an existing business as a way of creating an alternative income stream?
Start a side hustle. Sell stuff on eBay and FB at weekends.
You can work full time on your job and part time on your fortune evenings and weekends
@@JamesSinclairEntrepreneur thanks so much for replying. Something to consider - where would someone go about acquiring stock to sell in the first place?