Cara's Remarkable Journey: Establishing her Multi-Salon business
02/27/25 • 22 min
In this episode of Business Buying Strategies, Jonathan continues his conversation with Cara, who transformed her business from owning a single beauty salon with a turnover of £180,000 to managing a group of nine salons generating over £2 million in revenue within 18 months of joining the Mastermind program.
They discuss the importance of personal development in becoming a leader, and the strategies deployed to manage growth, such as implementing systems, assembling a skilled team, and maintaining tight financial controls.
Cara also shares personal anecdotes about dealing with family and peer reactions to her success and emphasises the significance of continuous learning and self-investment as key factors in her business journey.
The episode concludes with insights into Cara's approach to business acquisitions and the recognition she received as the 'New Deal Maker of the Year.'
Key moments
00:00 Introduction to Cara's Success Story 01:11 Challenges After Acquiring Businesses 02:30 Managing Growth and Leadership Development 04:06 Operational Strategies and Team Building 11:58 Financial Management and Cash Flow 15:01 Lessons Learned and Future Goals 18:48 Funding Acquisitions and Overcoming Obstacles 21:42 Conclusion and Recognition
** 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 [email protected].
Ready to get started?
Here’s how you can start your business buying journey...
Download our free Business Buying Toolkit https://dealmakers.co.uk/business-buying-toolkit
Join our Business Acquisition FastTrack programme https://www.dealmakers.co.uk/fast
Already bought a business?
if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on [email protected] for more information.
In this episode of Business Buying Strategies, Jonathan continues his conversation with Cara, who transformed her business from owning a single beauty salon with a turnover of £180,000 to managing a group of nine salons generating over £2 million in revenue within 18 months of joining the Mastermind program.
They discuss the importance of personal development in becoming a leader, and the strategies deployed to manage growth, such as implementing systems, assembling a skilled team, and maintaining tight financial controls.
Cara also shares personal anecdotes about dealing with family and peer reactions to her success and emphasises the significance of continuous learning and self-investment as key factors in her business journey.
The episode concludes with insights into Cara's approach to business acquisitions and the recognition she received as the 'New Deal Maker of the Year.'
Key moments
00:00 Introduction to Cara's Success Story 01:11 Challenges After Acquiring Businesses 02:30 Managing Growth and Leadership Development 04:06 Operational Strategies and Team Building 11:58 Financial Management and Cash Flow 15:01 Lessons Learned and Future Goals 18:48 Funding Acquisitions and Overcoming Obstacles 21:42 Conclusion and Recognition
** 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 [email protected].
Ready to get started?
Here’s how you can start your business buying journey...
Download our free Business Buying Toolkit https://dealmakers.co.uk/business-buying-toolkit
Join our Business Acquisition FastTrack programme https://www.dealmakers.co.uk/fast
Already bought a business?
if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on [email protected] for more information.
Previous Episode
From Single Salon to Business Empire: Cara's Transformational Journey
In this week's podcast, Jonathan talks with Cara about her remarkable transformation from owning a single beauty salon generating £180,000 annually to building a multi-salon empire with over $2 million in revenue in just 18 months.
The conversation delves into the effectiveness of Jonathan's Mastermind program, which Cara credits for her success by strictly following the process. They explore the importance of ambition, quick action, and the benefits of having a system for business growth.
Cara shares insights into her strategic acquisitions, leveraging credit facilities, and negotiating tactics, including the 'Columbo strategy', where you are prepared to walk away from the deal. Jonathan and Cara also touch on the motivational aspects of entrepreneurship and the impact of mindset in achieving business goals. The episode concludes with reflections on personal growth, financial stability, and future aspirations in business expansion.
Key moments
00:00 Introduction to Cara's Success Story 01:16 The Power of Following the Process 02:06 Cara's Entrepreneurial Journey 04:06 The Importance of Sector Familiarity 04:58 The Columbo Strategy in Negotiations 06:41 Scaling Up: From Small to Large Acquisitions 08:14 Cara's Personal Experience and Growth 12:46 First Deal and Criteria Refinement 14:00 Initial Contact and Negotiation 15:54 Deal Number One: The First Acquisition 15:57 Deal Number Two: A Bigger Salon 21:23 Deal Number Three: Strategic Purchase 23:53 The Importance of a Systematic Approach 26:45 Personal Motivation and Achievements
** 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 [email protected].
Ready to get started?
Here’s how you can start your business buying journey...
Download our free Business Buying Toolkit https://dealmakers.co.uk/business-buying-toolkit
Join our Business Acquisition FastTrack programme https://www.dealmakers.co.uk/fast
Already bought a business?
If you've already bought a business, you should be part of my Inner Circle group, where we discuss raising capital, integration management, and exiting. Email Maria at [email protected] for more information.
Next Episode
Mastering Business Acquisitions: Simon’s Journey to 7 Successful Deals
In this episode of Business Buying Strategies, Jonathan interviews Simon, an Inner Circle member who has successfully acquired seven businesses without using his own cash.
Simon begins with his background in PR and his search for faster business growth, which led him to acquisitions. Simon shares insights and detailed stories of his seven deals, including successes and lessons from a failed acquisition.
He emphasises the importance of low-risk strategies, cultural fit, and leveraging expertise from the Inner Circle. Listeners will gain valuable knowledge on structuring deals, maintaining low risk, and navigating the complexities of business acquisitions.
Key moments
01:00 Simon's Journey: From Jargon PR to Inner Circle 02:42 First Acquisition: Vantage Marketing 04:53 Debunking Myths: Buying Businesses Without Risk 08:04 Second Acquisition: Expanding to Manchester 11:56 Lessons Learned: The Failed Third Acquisition 15:43 Pelican Communications Acquisition 16:32 Integration and Earnout Details 17:55 Inner Circle and Mastermind Groups 19:04 Fifth Acquisition in Basingstoke 21:04 Industry Insights Group Expansion 22:26 Acquisition Strategies and Deals 26:24 Future Prospects and Opportunities 27:49 Marbella Event and Final Thoughts
** 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 [email protected].
Ready to get started?
Here’s how you can start your business buying journey...
Download our free Business Buying Toolkit https://dealmakers.co.uk/business-buying-toolkit
Join our Business Acquisition FastTrack programme https://www.dealmakers.co.uk/fast
Already bought a business?
if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on [email protected] for more information.
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