Entrepreneur, Investor, Multiple Business Owner. Buy & Build

Sunderland, England
Sunderland played really well today… apart from a key component of the game, defending . Not being critical as today was a tremendous effort but you won’t win many games of football presenting so many opportunities to the opposition #safc
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Our own European journey starts this evening in York 😊 #safc #southtyneside @SchoolsFootball Looking forward to watching Theo and the boys
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Group of warriors what a team #safc fine margins and lads couldn’t give any more
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Your plans, goals and dreams don’t care about your excuses Simple
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Outstanding today #safc night and day from Ipswich and a great response Play with that intensity and we can get something v #arsenal
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Match day 1 New kit day Win for the 🔴⚪️🔴 Standard clean sheet ✅
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Heading back to UK after a nice 7 weeks in the US of A
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You’ll never see a Mackem in Brooklyn, NYC
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Bobbing around the USA all summer
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#safc very poor decision making in possession which is opportunity lost as Ipswich leaving huge gaps in key areas. This is one of those rare away games whereas if we control possession we win
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Haway the lads from Florida 🔴⚪️🔴
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So pleased we didn’t stay in New York to watch that, went with instinct Miami much more fun
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NYC travel and day 1 7 weeks to go 😎 #worldcupfinal
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We’ve huffed and puffed our way through this tournament, heart, desire and representing the country brilliant but you have to admit apart from the odd moment we are miles off being world class #england
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Scouts eye @Soccerstarzltd ? When you know 👀
Will be the best player in the premier league in 1/2 seasons
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Everyone talks about taking action But action without the right decision behind it can easily become just movement, I was guilty of this in my early business life I’ve learned that the sequence matters First you make the right decision Then you take the action Then your consistent with the action Then you get the outcome That has to be the order but most people do things in the wrong order They rush into action to feel productive, like they have to do something now They become busy but end up going nowhere Or they make decisions and never act on them Or the make the right decisions, act on them but give up too soon! (I see this a lot) The people who win do everything in the right order Decide deliberately Act relentlessly I’m a strong believer that the quality of your life is built on the quality of your decisions And having the courage to act on them… then stay in the game long enough to win
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Most important strategy as a business owner
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Recently one of the topics that came up in discussion in the kong club was asset purchase versus share purchase when structuring a M&A deal I wrote about this in detail in my Kong Edge newsletter (free to sign up) but here are the key points worth knowing if you're weighing up both options SHARE PURCHASE You buy the whole company Contracts, employees, licences and trading history all carry on exactly as they were Best for continuity and integration The tradeoff is you inherit everything, known and unknown, so strong due diligence and a solid warranty and indemnity package are essential Contracts usually transfer automatically because the legal entity holding them doesn’t often change, however contracts may contain a change of control clause, common in larger corporate and public sector agreements, which can require the other party to be notified or to give consent, so these always need checking during due diligence. ASSET PURCHASE You buy specific parts of the business, not the company itself The trading history resets to zero and contracts often need consent to transfer (with a few caveats) Best when the liability picture is uncertain, you only want part of the business, or the company has accumulated too much complexity My default position is almost always share purchase Continuity and trading history matter more to me than the marginal protection an asset deal offers But i test that assumption hard through diligence on every deal If something changes the risk picture i'll shift the structure or walk away entirely This decision shapes the entire deal so put it on the table early Has anyone favoured one or the other? Or any experiences to share that might benefit others?
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