Aim to be above your business. In this Short Talk episode Judith Germain speaks to Jonathan Jay about his experience in buying and growing businesses over the past 25 years. They also talk about the importance of transitioning from being the doer to being the investor in order to avoid becoming a bottleneck and allow for business growth.
Jonathan bought a total of 53 businesses over the course of six years, with 5 before the pandemic and 48 during the pandemic. However, the stress and health issues caused by his obsession with work made him realise the importance of work-life balance and prioritising health and relationships.
Jonathan shares the top five mistakes entrepreneurs make when buying a business, such as letting emotions rule the decision and not doing sufficient due diligence.
In this conversation they discuss the importance of identifying game-changing acquisitions based on financial numbers, knowing when to sell a business at its peak, and the value of not being emotionally attached to a business.
During the pandemic Jonathan Jay made 48 business acquisitions to create the 4th largest group in his sector in under 3 years.
Maverick leadership is all about thinking outside the box and challenging the status quo. It’s about having the courage to take risks and the confidence to lead in a way that is authentic and genuine.
But amplifying your influence as a leader isn’t just about having a strong vision or a big personality. It’s also about having the right leadership capability and being able to execute on your ideas and plans.
The consequences of not having the right level of influence as a leader can be significant. Without the ability to inspire and motivate others, you may struggle to achieve your goals and make a real impact.
How Influential Are you? Take the scorecard at amplifyyourinfluence.scoreapp.com and see.
You can listen to Episode 368 on any of the popular podcast platforms or apps (including Spotify, and Audible). If you prefer to listen to your browser you can do that below. Enjoy!