Revealing my CHECKLIST for Buying MY FIRST BUSINESS
Publisher |
Tej Singh
Media Type |
audio
Categories Via RSS |
Business
Entrepreneurship
Investing
Publication Date |
Mar 20, 2023
Episode Duration |
00:15:10

Buying your first business is a big step. It’s costly, it’s basically irreversible, and a huge decision for any entrepreneur.

I'm on the lookout for my first business, and I recently recorded this video where I give a walkthrough of what I look for when I consider purchasing one. 

But I make it a point to only do business that aligns with my principles.

So even though I’m looking at this profitable business in the health sector, I’m worried about ethics on this one. Is this an area of health that I should profit off of?

What do you think? I could really use a fresh perspective, so share your thoughts in the comment section.

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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! A moment of relief and freedom was what he felt, not sure what his mother felt when he told her he was jobless at 23…

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 (talks.com/">Tej Talks) now sits at 800,000 downloads in over 120 countries and has 500 reviews, rated 5/5.

Tej Invests

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