Buying 'Ugly' Businesses with Lee Bushell
Buying 'Ugly' Businesses with Lee BushellUpdate: 2024-09-18
Description
In this conversation, Lee Bushell shares his extensive entrepreneurial journey, starting from his early ventures in selling clothing at school to his experiences in the nightclub industry and transitioning into law. He discusses his approach to mergers and acquisitions, the strategy behind his investment group, and the importance of focusing on cash flow and ethical business practices. Lee emphasizes the significance of having a solid exit strategy for business owners and provides valuable insights into navigating business turnarounds and building a diverse portfolio. Takeaways
- Lee Bushell started his entrepreneurial journey at age 15.
- His first business involved selling Calvin Klein clothing.
- Transitioning from law to business was a significant turning point.
- He emphasizes the importance of cash flow in business.
- Lee prefers investing in 'ugly' businesses with high barriers to entry.
- Mergers and acquisitions are a key focus for his investment group.
- He believes in ethical business practices and transparency.
- Lee advises business owners to have a solid exit strategy.
- Understanding the market is crucial for setting realistic expectations.
- The journey and relationships in business are what matter most.
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