Listen to “#724 How to Buy a Company With Someone Else’s Money” on Spreaker.
On this episode of The Small Business Radio Show…
SEGMENT 1 with Jonathan Jay, starting at 0:00: A lot of entrepreneurs have to make the build or buy decision: do they want to build their own company, or is it better just to buy a company? With company valuations down, this may be the year that you buy a small business.
SEGMENT 2 with Thane Lawrie, starting at 35:30: In the mid-1990s, I suddenly got sick from the stress of my business… I lost 60 pounds–a third of my body weight–and spiraled into depression and anxiety. What do you do when the business you are running makes you sick?
Sponsored by Truly Financial.
More on each segment below.
Segment 1: Jonathan Jay has been successfully buying and selling businesses for over 30 years. A group of 48 acquisitions formed by Jonathan during the pandemic became the fourth largest group in the childcare sector in the UK. Jonathan is now passionate about sharing his life experience to help others successfully buy businesses through his consultancy, Dealmakers.
- Is it really possible to buy a business without risking your own cash?
- Why is buying a business faster than starting a business from scratch?
- How is it possible to do 48 acquisitions in less than three years?
- Can anyone buy a company?
- What’s the secret of finding a great business to buy?
Segment 2: Thane Lawrie was an award-winning CEO of a not-for-profit organization called Scarf. They were listed in the prestigious Sunday Times Top 100 Companies to work for in the UK in six of his seven years as CEO and also won a host of other local business awards. Unfortunately, Thane had to step down from his CEO role in 2021 due to an unexpected health condition. He used that time to publish his first novel “The Buddhist CEO.”
- What inspired The Buddhist CEO?
- Thane’s previous CEO career in Scotland with an organization called Scarf
- Being placed in the Sunday Times Top 100 Companies to work for in the UK and winning other awards for a positive and aspirational workplace culture
- The danger of stress and overdoing it in business. Shane’s current illness FND (Functional Neurological Disorder) was likely caused by stress.
- Every cloud has a silver lining.
