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Buying a business can be so rewarding, but if you're new to business acquisition, there are so many potential pitfalls that stop you getting the best deal... or can stop the deal from happening completely.
In this video, Jonathan Jay shares 12 of the most common business buying mistakes and how to avoid them. If you're thinking about buying a business, or maybe you're in the process of an acquisition already, then this is must-watch video. The information Jonathan shares can help you avoid the same traps and mistakes that a large percentage of new buyers typically make.
This video could save you so much time, money and frustration, and help you get the very best deal and terms during negotiations.
0:00 12 business buying mistakes
0:10 Buying a job, not a business
1:15 Spending your own money
4:44 Overpaying
7:39 Not understanding the business
9:43 Quitting your day job too early
12:04 Thinking too small
14:16 Not getting the right team
16:08 Not having enough cash
19:03 Buying a distressed business
22:08 Not understanding the seller's motivation
24:57 The business reputation
26:47 Insufficient due diligence
#businessbuyingmistakes #businessacquisition #buyingbusinesses