May 31, 2018
Mark Masiak's first business merger was with an old friend. They
both worked in IT services so Mark's friend suggested that they
merge.
This was one of those handshake deals. No contract. No written
agreement. Just some friends trying to grow their businesses.
Handshakes deals are great when everything is working as all
parties envision. Handshake deals become a costly nightmare when
things go wrong.
Mark's handshake deal almost cost him his house and his
livelihood.
With nothing more than dogged determination, Mark lived to tell the
tale. Despite this early setback. Mark could see that merging
similar businesses created cost savings. So both companies enjoy a
profitability jump.
Similar companies also create cross sell opportunities so the sales
of both companies jump.
Mark bought a business for £1 after someone responded to a post on
LinkedIn. Mark bought an established business that never made a
profit. 3 months later it made £160K profit!
And...
Mark created this turnaround without making anyone redundant. How
did he do this?
How Mark bought 8 companies in 2 years
Mark also explains how he's bought several other businesses for £1
and how you can do the same.
Mark reveals how you can find hidden value in businesses with a
turnover around £2 million. This is value that the owner has
completely overlooked that can turn a failing business into a gold
mine. And hidden value that makes a deal pay for itself.
You'll also learn:
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Disclaimer: Nothing in this podcast should be construed as legal, financial, tax or business advice. The information is for entertainment only and you should always engage suitably qualified professional advisors. Jonathan Jay, the guest presenters and The Dealmaker's Academy Ltd do not take any responsibility for your actions and decisions as a result of this podcast.