#327 Masterclass on Financial Due Diligence
Episode 327
In this episode of Business Buying Strategies, Johan Gory, managing director of OnPoint Accounting, offers an in-depth masterclass on financial due diligence.
Johan explains the importance of involving a due diligence expert, common pitfalls that cause buyers to overpay, and techniques such as the 'source of funds' trick to uncover the real financial health of a business.
He also discusses the relevance of goodwill, the challenges and opportunities in buying distressed businesses, and the role of director's loans in business valuation. This episode is a must-listen for anyone serious about buying a business without risking their own cash.
Key moments
00:00 Introduction to Business Buying Strategies
01:29 Meet Johan Gory: Expert in Financial Due Diligence
05:16 The Importance of Financial Due Diligence
08:36 Understanding Financial Terminology and Add-Backs
13:53 Opportunities and Challenges in Buying Distressed Businesses
17:25 Networking for Business Opportunities
22:04 Understanding Director's Loans
23:54 Negotiation Strategies with Director's Loans
26:07 Evaluating Business Owner's Compensation
29:48 The Importance of Cash Flow in Due Diligence
30:57 The Secret Weapon: Source of Funds Report
38:49 Commercial Due Diligence: Beyond the Numbers
** 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.
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Published on 2 months, 3 weeks ago