In this episode of the Business Buying Strategies podcast, Jonathan talks with Danny Beaumont, a successful businessman who has acquired multiple businesses through strategic deal making. They discuss Danny's journey from running a family business to becoming a prolific dealmaker with diverse ventures totalling £10 million in revenue.
They talk about key elements such as establishing credibility, maintaining confidence, and Danny's systematic approach to acquisitions. Danny shares insights from his successful deals, including leveraging various financing methods and ensuring robust management structures, as well as lessons learned from less successful ventures. The episode highlights the importance of having a strategic plan and unwavering perseverance and underscores the value of continuous learning and networking within business circles.
Key moments
00:00 Introduction to Danny Beaumont
00:55 The Importance of Professionalism
02:21 Danny's Background and Journey
02:45 The Role of Attitude in Success
03:15 Danny's Transition and Growth
03:41 The Impact of Dealmakers Academy
07:21 Learning from Successful Dealmakers
08:07 Dealmakers Live Event
10:01 Danny Beaumont's Career Path
15:22 First Acquisition: Paragon Toolmaking
19:54 Navigating Unfamiliar Sectors
20:56 Discovering Fair Grieve
22:20 Acquisition Strategy and Challenges
24:42 Ashlight Fabrications: A Mixed Bag
26:35 The Importance of Corporate Structure
27:02 A Deal Gone Wrong
30:37 Aurora Profiles: A Smooth Transaction
34:36 Exploring New Opportunities
38:02 Negotiation Tactics and Final Thoughts
** 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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