I was fortunate enough to be invited onto a webinar hosted by Mark Fitzgerald-Cooke, Managing Director of Intelligent, a business broker based in Leeds. Alex Bodini of Spin Brands was also a guest.

The webinar was titled ‘Buy Grow Sell – A Business Mastermind’ and was structured around buying your dream business, growing a business and selling a business. However, our discussions covered much more than that.

As a brief summary, amongst others, we covered the following topics related to buying and selling a business;

• A simple explanation of the launch of WhichBingo
• Identifying what you’re interested in buying, buying businesses and how to build it.
• Setting business buying criteria
• The benefits of a ‘buy and build’ strategy
• Opportunity cost related to buying a business
• How does a purchase fit in with longer term goals
• The ‘two week holiday’ test
• Documenting processes and systems
• Getting supplier, staff and client contracts in place
• Frustrations in selling a business
• Saying ‘no’ to good opportunities to enable you to say ‘yes’ to the great businesses

With regards to growing and running a business, we covered;

• Immediate feedback to online marketing, identifying what works and what your customer looks like
• Growing, managing and motivating the team
• Documenting systems and processes to ensure that ‘everyone makes the cake in same the way’
• Hiring staff on attitude, positivity, curiosity, responsibility, coachability as well as skillsets
• Staff training and development, team communication and motivation, delegation
• Challenges and possibilities
• Having a target in place
• The wealth transfer opportunity between generations
• We even covered bean-bags and baristas !!

If you found this webinar of interest you can see and hear more of my discussions, interviews and webinar appearances here.

WHAT NEXT?

If you’d like to discuss how I could help with your business strategy, or you need a Business Sounding Board, then please give me a call or WhatsApp me, drop me an email or connect with me on LinkedIn. Details below.

I’ll be happy to have chat with you to explore how I may be able to help you. I’ll be honest and I may not be able to help you myself and in that scenario I’ll try and point you in the right direction.