IFC
Buying and Selling a Business for Wealth Kevin Uphill and Alex McMillan
Thorogood Publishing 10-12 Rivington Street London EC2A 3DU Telephone: 020 7749 4748 Fax: 020 7729 6110 Email:
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© Kevin Uphill 2007 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, photocopying, recording or otherwise, without the prior permission of the publisher. This book is sold subject to the condition that it shall not, by way of trade or otherwise, be lent, re-sold, hired out or otherwise circulated without the publisher’s prior consent in any form of binding or cover other than in which it is published and without a similar condition including this condition being imposed upon the subsequent purchaser. No responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication can be accepted by the author or publisher. A CIP catalogue record for this book is available from the British Library. ISBN 978-185418394-1 Cover and book designed by Driftdesign Printed in the UK by Ashford Colour Press
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Preface
Our aim in this book is to share the how, why and when of being a successful capitalist through buying and selling a business for wealth. If you currently own a business, or are thinking of starting or buying one, then this book is for you. Additionally, if you advise business owners this book may be useful. Unless you are due one day to receive a large inheritance or win the national lottery for the vast majority of us building and selling our own business is the greatest opportunity that our society offers us to become financially free. Imagine having enough money invested that you need never worry again about paying the bills, being made redundant, taking a holiday where and when you want. Financial freedom gives you more opportunity to achieve life wealth in exploring opportunities other than working. We provide an overview of the technical aspects of the process: the how. We have also examined the personal motivations, or the Big Adventure behind deals: the why. There are other books on the technicalities, but they ignore the fundamentally important aspect that delivering a business transaction is a means to an end. The why, the human story and motivations behind the deal are more important. Buying or starting a business and then selling it should make you financially wealthy, but it should also deliver life experience and time freedom. We h