#048 Business Buying Strategies Podcast

When you're buying a business, one of the first things you want to know is how you can add value to it. How can you buy a business, improve it and then sell it on for a 6 or 7-figure payday. The first place to look for clues is in the balance sheet. You see, if you know that a typical business in your sector makes 20% EBITDA then this can instantly highlight an underperforming business. If you're looking to buy a £1 million business and it should have a 20% EBITDA. Then you expect to see £200K profit on the balance sheet. If the business that you want to buy only has £25K profit then the question is why? Where did the other £175K go? Once you can answer that question ... you'll know how you can improve the profit from £25K to £200K quickly and easily. What other ways can you add value to a business? And... What other clues should you look for on the balance sheet?   Follow or connect with Jonathan on LinkedIn https://bit.ly/2S3Xzxw Watch our YouTube Channel The Dealmaker's Academy https://bit.ly/3b86OFI Visit us online at www.thedealmakersacademy.com 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.