Jamie Simpson - How he purchased 6 acquisitions using cash within a business

Knowing how to turn around a quick acquisition and exit can be very lucrative for a business buyer. Being able to do that with 6 at the same time is what this week’s guest was able to do. In this episode Jamie Simpson reveals how he bought and sold 6 businesses in a matter of months and what he learned in the process. This episode is a must for anyone looking to start on their acquisition journey.   Jamie has been starting, growing, fixing, buying and selling businesses since his early 20's. He has been involved in 15 transactions to date and expects that to reach 20 by the end of 2023. He spends most of his time sourcing deals and helping to grow his portfolio companies. Jamie is open to JV and consulting for equity opportunities with UK based businesses with £1m+ turnover.   “I quickly realised I didn’t like the industry so I need an exit strategy” – Jamie Simpson   Timestamps   02:38 - How did Jamie acquire 6 Hair Salons? 05:53 - What was good about the acquisitions? 07:38 - Compete vs non-compete deals 08:28 – Acquisitions with poorly run businesses 12:39 - Jamie's acquisitions after the hairdressers 14:17 - How Jamie went from taxi driver to business buyer 17:03 - Did Jamie have a Managing Director? 18:01 - Are independently run business acquisitions preferable?     Connect with Jamie Simpson   Website - https://jamiesimpson.co/ LinkedIn - https://www.linkedin.com/in/jamiesimpsonprivateinvestor/   Connect With Julie Wilkinson   LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/@wilkinsonaccountingsolutions Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/   Before you go, don’t forget to leave a comment and review if you got something out of this episode!