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Buying a business (alien.top)

submitted 10 months ago by Fire_enthusiast_1@alien.top to c/entrepreneur@indiehackers.space

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Hi, new to this, so sure I’ll maybe break some rules, go easy on me.

I’m leaving my company at end of next year and will have £1m in savings. I’ve operated at 2 below the CEO in a FTSE 100 company for 10 years (15 years in more junior roles before that), so I know how to run a business, albeit I’ve never ran my own.

Early days, but thinking that rather than go back into the corporate rat race I might fancy buying a business for income and growing it. Would probably spend up to £500k

Just looking for ideas/experience on what sort of business to look at/avoid? And any tips as I start my research.

I know the obvious question would be what sort of business would you want to own? The honest answer is I don’t know, but I have good General Management and P&L commercial management skills so I could probably turn my hand to most that don’t require specialist skills (ie not IT).

Thanks in advance for any advice or experience you can offer

Uk based btw.

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[–] thatdude391@alien.top 1 points 10 months ago

You know how to operate under budgets orders of magnitude larger than you have to spend, achieving good growth on far less money is much much harder.