Courses
5-Steps How To Own A Million-Dollar Business
If you want to own a million-pound business, which is a business with annual sales or £1,000,000 or more, you first need to learn how to buy a million-pound business.
But if you're not sure where to begin, you could begin with this free training video linked to here: How to buy a million-pound business today.
This video highlights the myths that surround buying businesses, and includes the 5 steps required to own one.
If you want to learn more details about the 5 steps to own a million-pound business, after you watched the free training, you can take a look at the full 5-step process, which includes:
- Learn How You Finance a Million-Pound Business Using Seller Finance or Deferred Consideration: Discover how you structure deals to minimise your upfront cost by using the business’s own cash flow to fund the purchase.
- Discover the Best Places where you Find Million-Pound Businesses to Buy — Even the Ones Not Publicly Listed for Sale: You'll learn where smart buyers look to uncover hidden opportunities others miss.
- Learn How you Value a Business and What Financial Information to Request Before You Buy: Understand what you should ask for, how you interpret it, and how you avoid costly mistakes.
- Learn The Best Questions You Should Ask The Owner About Themselves And Their Million-Dollar Business: Get the insights you need to build rapport, uncover motivations, and make smarter buying decisions.
- Learn How You Do Due Diligence Properly—So You Save Time and Money When Buying Your Million-Dollar Business: You'll gain the skills to spot red flags, avoid costly mistakes, and buy with confidence.
You can begin your exciting entrepreneurial journey here: How I become an owner of a million-pound business today.
Do You Want to Know How to Buy a Million-Pound Business — Even If You've Never Bought One Before?
Buying a million-pound business might sound like a dream, but it’s entirely possible, even if you don’t have a ton of money to start with.
The truth is, most businesses worth £1 million or more are bought using smart deal structures, and not using massive personal savings. That means you don’t need to be rich to become a business owner.
The key is knowing what to look for, where to look, how to value the business properly, and how to structure a deal that works for you and the seller and the business you're going to buy.
That’s exactly what this course shows you:
✅ How to find the right business to buy, and where to look.
✅ What financial info to ask for (and how to use it).
✅ How to value a million-pound business.
✅ Why seller financing is often the best option to fund the acquisition.
✅ What questions to ask the seller.
✅ And how to do proper due diligence so you don’t lose money.
So if you’ve ever wondered how to buy a million-pound business, and make it work without risking everything, this is the place to start.
You can begin your journey with this free training video.
Plus, with the included AcquiCalc spreadsheet template, you can quickly value any business, and work out how to finance the deal, even before you meet the owner face-to-face.
If you already know where you to begin, but you're not totally sure how to value a million-pound business, or if you need help working out how to finance the deal, you can buy AquiCalc without investing in the course.
Is 1 million pounds turnover good?
A business with £1 million turnover is a pivotal milestone, but it's important to note that "turnover is vanity and profit is sanity", which means the business you aim to buy should also have minimum profits of £100,000. But the business also needs to be in a stable or growing market too.
How to buy an existing business with no money in the UK?
If you want to buy a UK business with no money, you need to look at seller financing and other finance options, like asset finance or invoice finance. You can also find business investors or agree an Earn-Out, but I don't recommend you look for businesses that are struggling or in distress.
In fact, this is where the AcquiCalc "buying a business spreadsheet template" is best used, and where it comes into its own.
You can use the template to explore various funding options, based on the business's own financial information.
Is it worth buying a business?
When you buy an existing business, you’re acquiring a proven model with paying customers, systems, suppliers, and an existing revenue stream. Which means you aquire profit and cash flow from day one, instead of starting from scratch and spending years trying to build a business from nothing.
Not only does this dramatically reduce your startup risk, but it also gives you momentum. When you buy a business, you get cash flow, a team of employees, and an existing market presence.
If you start from scratch, that would take time (years most probsbly), money, and a lot of trial and error to create on your own.
In short: buying a business lets you skip the risky startup phase and go straight to owning a real, income-producing asset.
Do you need a solicitor to buy a business?
It's not a legal requirment to use a solicitor to buy a business, but it's recommended to do so, especially if it's a share purchase vs an asset purchase, and if the deal includes property. Whilst buying a business is a complex legal and financial process, it can be done without a solicitor.
In fact, I wrote this article about how I sold a business without using a solicitor, which in this case also meant that the person who bought the business did so also without using a solicitor too.