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Are you interested in buying an established business but unsure of where to start?
In this video, Jonathan Jay will cover the three essential qualities you need to have to buy a business successfully.
Firstly, you need to have ambition and a big hairy audacious goal (BHAG). This goal should be exciting and motivate you to get out of bed in the morning. It is what will drive you towards your future.
Secondly, you need to be curious. Listening to the seller is key to putting together a deal that works for both you and the seller. By asking good quality questions, you understand the motivation of the seller, which helps you create a win-win scenario.
Lastly, you need to have a business head on your shoulders. Understanding cash flow, profit, and moving from inertia to momentum is crucial when buying a business.
Watch this video to discover how to go from standing on the platform to making the jump, and how to successfully purchase a business.
If you're interested in business acquisition strategy and how to purchase company, this video is for you!
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