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In this KZfaq video, Jonathan Jay, an expert in business acquisitions, interviews James Caan, well-known business buyer and former Dragon from the hit UK TV show Dragon's Den.
James Caan shares his experience in buying and selling businesses, including how he built and sold Alexander Mann, the world's number one talent solutions provider.
He explains how he started buying existing businesses to achieve scale and shares two lessons he learned from his experiences: that there are more buyers for bigger businesses than there are for small businesses, and that building scale can lead to a higher premium.
Jonathan Jay and James Caan also discuss funding acquisitions and dispel the misconception that you need to put everything on the line to buy a business. They discuss James Caan's acquisition strategy, which involves using a mixture of equity, debt facilities, and the existing business to acquire a company. This method allows for a lower initial outlay.
James Caan shares his experience with business acquisition and gives some valuable insights on what to do and what not to do when buying a business. He gives an example of how he bought a sandwich shop called Benjys without having any experience in the food industry and ended up losing £2 million.
James emphasises the importance of buying a business that you have some knowledge of, and understanding the market and the customer base. He also advises against giving personal guarantees to minimise personal risk.
James Caan explains that buying businesses rather than starting from scratch can accelerate the process of building a successful company and shares his own journey into acquisitions. He also emphasises the importance of buying directly from the owner and understanding their motivations for exiting.
If you're interested in business mergers and acquisitions, buying an existing business, or want to learn more about acquisition strategies, this video is for you! It’s video is packed with valuable insights and strategies. Learn from Jonathan Jay and James Caan's years of experience and gain valuable insights on how to successfully acquire a business.