Three years to build a company and then sell it for over £1m…follow the journey
Posted by Jeremy Hall in
- The journey commences 1st January 2010 and ends 31st December 2012. There is then a six month window to sell the company(s)
- The business must be sold, or a share of the business for a minimum return of £1m before tax
- There is no limit to the number of companies set up during the three years. To complete the goal, only one needs to be sold for £1m. However, any losses from the other business must be added to the £1m
- Acquisition of other companies is acceptable. However, the full value of the acquisition must be added to the £1m, i.e. the return must be £1m plus whatever has been spent buying companies
- The same applies for any shareholders capital employed. i.e. if £50,000 is invested into the company, the goal will only be achieved if the company is sold for a minimum for £1,050,000
- No cheating
- I set the rules
Great admiration for trying to achieve this mate. I wish you all the luck in the world. No doubts that you will do it. GFI
PS. AGM at terrace bar Raffles in 2012… cigars on you!!