How to Negotiate Buying a Business
Вставка
- Опубліковано 6 лип 2024
- Your free training on how to buy a business without cash is here: bit.ly/49fNrHs
The words you use during a negotiation to buy a business can make the difference between closing a great deal and failing to close any deals.
Successful Dealmakers know exactly what to say when speaking with a business owner.
Use the right language and you will discover the vendor’s motivation, build trust and clear the path to a smooth sale at the best price.
Use the wrong language and you could sabotage the acquisition - or, worse, end up with a bad deal.
A few weeks ago, I was invited to speak to a group of property agents who are planning to grow in 2024. I showed them how they could double their agency within six months by growing their business through acquisition - and only those Dealmakers who know how to negotiate and use the right language will secure great deals at the best price.
You will discover…
- Why the words you use when you negotiate could be the difference between a good deal and no deal
- Why you must never, ever be the first to make an offer during a negotiation (do this and you will never recover)
- The one question to unlock the path to a great deal and guarantee the vendor is on board with closing a deal quickly
- The most powerful phrase to use during the acquisition if things get a little bumpy (I guarantee this becomes your “go to” phrase in your future negotiations)
- What you should never do when the owner gives you a price for the business (forget this and it’s game over)
P.S. Did you know the best time to buy a business is in January?
If you want to take advantage of the huge number of opportunities available to business buyers in 2024, you need to be ready.
Join my 2024 Mastermind programme now and I will give you everything you need to get ready to hit the ground running in the New Year.
#buyingabusiness #businessacquisition #buyingbusinesses
If you enjoyed this video and would like to take the next step to learn the best ways of buying a business, without risking your own cash, you can access my free training at bit.ly/49fNrHs Thank you!
great content Jonathan!
This video is awesome John
Nice one Jonathan! Really enjoyed it!
Glad you enjoyed it!
Hi Jonathan great info as always but I have 2 questions for you and the team if you'd be so kind to answer?
When buying your first business how do you 1) best structure yourself professional for the acquisition and 2) how do pay for professional fees such as Commercial Valuations and legal fees when your trying not to use any of your own money? many thanks 😁
Have you been on the training as all this is covering in depth there: www.thedealmakersacademy.com/quick/
Do you use legal teams on contingency? Otherwise it’s a lot of money that’s needed
No, we don't. No personal cash is needed if you follow the way we teach it on the training
@@theDealmakers yes I’ve done some with you and it’s awesome but it didn’t really explain how to pay legal and DD upfront ?
Thank you
you don't pay it upfront!
can i use your strategy in the US? or do i need to live in the UK to acquire business there?
yes you can - we have many Mastermind clients in the US
@@theDealmakers thank you for replying, are the workshops only available in UK?
hopefully in future AI will take over, so negotiating doesn't require dancing around.
That will never happen!