#009 Business Buying Strategies Podcast

Jun 7, 2018

Steve Jobs said "You can't connect the dots looking forward. You can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something – your gut, destiny, life, karma, whatever.”

When serial investor Mark Masiak looked back at the dots in his life. And when he learned about the struggles that entrepreneurs like Richard Branson went through. He realised that the steps they took and the struggles they endured were virtually identical to his own. The big difference was scale.

Mark came from a working-class background. He thought a good salary was £20k per year. So when he was running one of the largest kitchens in Milton Keynes and earning £25K per year. He thought he had made it.

At the start of his entrepreneurial journey, he never dreamed of buying Maplin.

And 2 years after he almost lost everything in the acquisition from hell. He's built a portfolio of 8 companies.

That success has helped Mark to change his mindset and to dream much, much bigger.

Dreaming bigger is what made Mark try to buy Maplin out of administration. Maplin was a £250 million turnover company. So that's quite a leap from the chef thinking that £25K was the end of the rainbow.

In the end, Mark didn't buy Maplin because there wasn't enough value to salvage.

If you'd like to learn:

• How Mark finds businesses to buy - so you can copy and paste his simple strategy
• How Mark sends personal messages to entrepreneurs about selling their business
• The script that Mark uses to buy businesses with Deferred Consideration (paying the owner from the profits of the business)
• The ONE piece of advice Mark would give every dealmaker

Then you need to listen to podcast episode 9. 

You'll also learn:

• Why you must mystery shop the business you want to buy
• The phone calls that must be part of your due diligence process
• My starting point for all business acquisition negotiations
• The one thing you must never say to a broker
• Guidelines to raise finance in a hurry
• Why integrity is everything in finance

        

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Episodes of Business Buying Strategies are available on iTunes, Spotify, Google Play, Stitcher and Breaker.

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.