In this episode of the Business Buying Strategies podcast, Jonathan interviews Dean, a Mastermind group member who shares his journey of growing his self-storage business through acquisitions. Dean discusses the benefits of buying established businesses, the importance of having a systemised approach, and the challenges he faced, including a failed acquisition. Dean also emphasises the value of mentoring and personal development in achieving business success and outlines his ambitious future goals for his self-storage empire.
Key moments
00:00 Introduction to the Podcast
01:29 Dean's Journey into Business Acquisition
03:17 The Self Storage Industry Insights
06:54 Challenges and Learnings in Business Acquisition
13:34 Future Plans and Strategies
17:27 Uncovering Hidden Costs in Business Deals
18:07 Negotiation and Agreement
18:59 Challenges of Managing Self Storage
19:42 The Importance of Due Diligence
22:22 Leveraging Expertise and Mentorship
25:22 Investing in Personal Development
29:09 Vision and Goals for Business Growth
31:48 Encouragement for Aspiring Entrepreneurs
** Looking for a great acquisition lawyer in the UK? Use mine! **
If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk.
Ready to get started?
Here’s how you can start your business buying journey…
Download our free Business Buying Toolkit
https://dealmakers.co.uk/business-buying-toolkit
Join our Business Acquisition FastTrack programme
https://www.dealmakers.co.uk/fast
Already bought a business?
if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on hello@thedealmakersacademy.com for more information.
