Am I Buying a Marketing Agency in 2023?

IS THIS THE ONE? 🤔I've got my eye on something special - a digital agency that's as sleek as it is innovative.But, as always, there's a twist. How do I value a business that's newer than most of my Trainers?Here, I'm unpacking it all - the positives, the negatives, and those grey areas in between.We're talking a lack of history, key founders who can't just be replaced, a complicated team structure, and the puzzle of earnoutsWill this be a solid investment or a potential pitfall?You tell me...---About your host, Tej:Tej graduated from King's’ College London with a BSc Biochemistry in 2014, he then pursued a career in Medical Education and Marketing. Soon after his second job… he was fired!He then went in search of a more ethical path, a business he could set up where the reward was equal to the work put in. “If they are making pounds, why am I making pennies?” - was his thought process, not happy with slow progression and bureaucracy (& having to wear smart shoes everyday). This lead him to opening a Recruitment business (not sure where the ethics went) which doubled in profit every year, for 4 years. He hated it. Golden handcuffs they call it.Fortunately, he used the cash he’d built up from that business, to educate himself in Property Investing. Soon, he’d stopped the business and transitioned into Property Investment full time. He then had a slow start -Purchasing 15 properties in his first 9 months, using over £650,000 of Investor Finance, he built a £1,200,000 property portfolio and created £30,000 of profit from flips. This gave him ‘financial freedom’, but it was the most stressful period of his life. Growing quickly is very painful. He recently made £95,000 from two flips.Let’s not forget that his Podcast grew to be the most-reviewed UK Property Podcast, peaking at 4,000 unique downloads per episode.His Podcast (Tej Talks) now sits at 800,000 downloads in over 120 countries and has 500 reviews, rated 5/5.Tej InvestsTej TalkseLearning Hosted on Acast. See acast.com/privacy for more information.