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In this video, Jonathan Jay provides valuable insights into how to find a great business to buy using his five-star deal formula. He emphasises that finding a business with the five essential elements is crucial to achieving a successful business acquisition. If you are looking to buy an existing business, this is a must-watch video.
The five-star deal includes motivation, a realistic seller, a straightforward deal, speed, and self-financing.
Jonathan Jay explains that it is essential to find a motivated seller who wants to sell the business to you and is not just interested in making a profit. You need a realistic seller who understands the value of their business and is willing to sell it for what it's worth.
A straightforward deal with no complications is necessary, and the deal should be completed quickly to avoid complications. Finally, the deal should be self-financing, meaning that it should not require you to use your own money.
If you're looking to buy a business, follow Jonathan Jay's five-star deal formula to find a business that's worth buying.