Has anyone successfully bought businesses? I am looking into buying a business, in the long run, I want my company to own/invest in multiple business
1. What are some good books and resources that guided you?
2. How did you find businesses? Did you use a broker?

likeuplifting
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Reminds me of Berkshire Hathaway. Just do what they did and you’ll be alright.

Don’t sleep on textiles either

likesmart

My answer doesn’t exactly conform to your question but..

Nowadays in Asia there’s a big societal problem with SMEs not having “heirs.”

What I’m seeing (I’m based out of Tokyo) in China and Japan is companies is small-mid size PE funds, tech companies, and wealthy entrepreneurs buying these SMEs and doing rollups, while simultaneously integrating new tech to bring down operating costs.

This might be a good approach for you if you can find the right dealflow

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That’s interesting, I didn’t realize those rules applied in Japan. I know China’s laws are very anti-foreigner for tech related companies.

Sort of a digression but I’m aware that there are similar rules in Singapore with non-citizens starting companies. These loophole there is you can have local agents (usually law firms) sign on as non-operating, non-owner board members which is enough to meet the incorporation criteria.

Perhaps something similar is available in Japan, where an outside non-operating/non-owner partner will qualify the purchasing entity as legal?

Half following, half pontificating :)

You might want to start with a business you know before moving on to businesses you don’t know. Valuations can vary, as can the need for a competent GM (and their salary), by industry and even sub industry.

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Look at businesses or industries you have worked in before or have connections with. The best way to find out who is selling is through networking.

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