“I’d never really considered buying a business before. What triggered it was getting an email from an ecommerce site I order from saying, “We’re shutting up shop”. It’s in an area I’m into, and the business owner uses technology that I’ve used for many years, so I asked if he’d thought about selling the business.
There was a lot of back and forth, but once the conversations between the seller and me started to get serious I thought I’d better find out how to go about buying a business. I talked to my accountant, looked around a bit and came across Guy. I did some research and decided to book onto Guy’s one-day seminar in London.
Looking back, I got a lot out of it, and that single day helped me to purchase the ecommerce business. It gave me lots of pointers towards things I should look at, and a clear explanation of how to structure a deal. I really warmed to Guy, and I like his approach of looking at profitable businesses rather than buying a basket case business for £1 and turning it round. That has its place, but Guy’s approach is a less risky proposition.
I’ve since gone on to do the Intensive course and I’m now in talks with two different vendors. It’s early days but I’m building up my pipeline and I have a definite plan I’m working towards.”