In this episode of Business Buying Strategies, Jonathan continues his conversation with Cara, who transformed her business from owning a single beauty salon with a turnover of £180,000 to managing a group of nine salons generating over £2 million in revenue within 18 months of joining the Mastermind program.
They discuss the importance of personal development in becoming a leader, and the strategies deployed to manage growth, such as implementing systems, assembling a skilled team, and maintaining tight financial controls.
Cara also shares personal anecdotes about dealing with family and peer reactions to her success and emphasises the significance of continuous learning and self-investment as key factors in her business journey.
The episode concludes with insights into Cara's approach to business acquisitions and the recognition she received as the 'New Deal Maker of the Year.'
Key moments
00:00 Introduction to Cara's Success Story
01:11 Challenges After Acquiring Businesses
02:30 Managing Growth and Leadership Development
04:06 Operational Strategies and Team Building
11:58 Financial Management and Cash Flow
15:01 Lessons Learned and Future Goals
18:48 Funding Acquisitions and Overcoming Obstacles
21:42 Conclusion and Recognition
** 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.
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