Harbour Club: any views or opinons

[Mr D]

That's nothing. I won the British National M&A Entrepreneur Award. Note, I wasn't runner up. I was the winner. And I've won it now for 367 years in a row.

But, well spotted @gpietersz , I never thought to check on that Coutts award thing. So, thanks, that's been useful.


Duh, I already said that! Please stop nicking my lines.

One of these days really must come up with a decent 'get rich quick' scheme.
Something substantive. Not the common 'send me money' schemes.

Something along the line of immigration or education perhaps. No, too crowded.

Some sort of new cat maybe. With a thumb....

 

[bodgitt&scarperLTD]

God, I can smell the bullshit from here. How do you stand dealing with such losers?

 

[UKSBD]

One of these days really must come up with a decent 'get rich quick' scheme.
Something substantive. Not the common 'send me money' schemes.

Something along the line of immigration or education perhaps. No, too crowded.

Some sort of new cat maybe. With a thumb....

The new one will be Help and advice with contesting exam grades and appeal applications

 

[Mr D]

The new one will be Help and advice with contesting exam grades and appeal applications

Ah interesting.
Yes, good idea.

Results were out today.

 

[UKSBD]

Ah interesting.
Yes, good idea.

Results were out today.

Guaranteed: Improve your grade by one mark or your money back

 

[Clinton]

I have been collaborating behind the scenes with various business brokers and M&A firms. A couple of months ago we decided to do something to combat the menace of £1 Charlies.

I collected suggestions and put together a kick ass booklet with a range of measures that anyone selling a business can use to frustrate the £1 Charlies.

When I mentioned this booklet in LinkedIn I was contacted by other 35 business brokers requesting this guide. I have now shared it with them.

The plan involves

a) poison pills in the business-for-sale ad to dissuade them from applying in the first place;

b) modification to internal processes to weed them out at the earliest stage possible if they do apply;

c) sharing the names of the worst offenders within our circle and sharing the "copy" they've used

Please do not ask for this booklet. It is strictly for business brokers and, even then, only business brokers whom I know well and trust. Anyone else selling a business will just have to find their own way to cope with the 90% of "buyers" who are jackasses.

But I hope all these gurus tell their followers that we're going to make life difficult for them and that they should focus their efforts on those naive business owners who are selling their business without professional assistance.

 

[gpietersz]

they should focus their efforts on those naive business owners who are selling their business without professional assistance.

How difficult is it for business owners to do it (weeding out the people without cash, I mean) themselves?

Surely these are typically people who are quite naive themselves (naive enough to pay for one those courses for a start), do not have business experience (same reason) and do not have the funds needed to buy the business in question. Surely one of those three could be spotted fairly early on?

 

[Clinton]

How difficult is it for business owners to do it (weeding out the people without cash, I mean) themselves?

Very, very difficult.

You'll have to trust me on this.

You've got to bear in mind that these £1 Charlies have had coaching in how to come across as serious and funded candidates. They even have letters from finance companies saying that "money is available for the right deals".

Nowadays I advise vendors to settle for nothing less than a bank statement of funds verified by a UK solicitor or chartered accountant.

And even that's not 100%.

 

[gpietersz]

@Clinton Yikes!

So the coaching is actually good at something. They do leave with a skill at the end of it (albeit a useless one because the deals will not eventually happen).

Its interesting that they are so fond of sales videos.

 

[Deleted member 332031]

Ha, you did better than me!

When I googled Coronado Results I discovered that they (Arsenal Coronado) lost four nil away from from home against Saprissa in Costa Rica’s Primera Division.

Thank you for taking the time to find my web site. Coronado Results indeed belongs to me. My LinkedIn profile is at /in/lana-coronado. I have nothing to do with Arsenal Coronado - Coronado is also a name of a city in California, a National Forest, etc. - there are probably many business entities using this name. I am happy to share my experience at the Harbour Club with anyone who is interested. Best way to reach me is to connect with me on LinkedIn. I appreciate the free advertising you've provided on this site, please feel free to share it on any other forum you are a member of. Thank you.

 

[Jeff FV]

Thank you for taking the time to find my web site. Coronado Results indeed belongs to me. My LinkedIn profile is at /in/lana-coronado. I have nothing to do with Arsenal Coronado - Coronado is also a name of a city in California, a National Forest, etc. - there are probably many business entities using this name. I am happy to share my experience at the Harbour Club with anyone who is interested. Best way to reach me is to connect with me on LinkedIn. I appreciate the free advertising you've provided on this site, please feel free to share it on any other forum you are a member of. Thank you.

It was a joke (sorry if it wasn’t very funny). Google did genuinely throw up that football result for me as my top search, but thats probably just because Google knows I like football.

Anyway, all the very best with your business, and sorry for being a little flippant.

J

 

[Clinton]

@Clinton Yikes!

So the coaching is actually good at something. They do leave with a skill at the end of it (albeit a useless one because the deals will not eventually happen).

It's not the case that the deal never happens. In very rare cases the buyer does succeed in scraping together a package - borrowing against the assets of the business, using some seller financing, delaying the payment of all invoices to claw back some cashflow etc etc.

But more often than not the deal with a £1 Charlie won't reach the finish line. I'd say in well over 95% of cases!

Either the credit company (lending against receivables) keeps moving the goalposts because they've done credit checks on the debtors and don't like what they see, or the investor who promised to fund this £1 Charlie's deal is imposing new conditions and the whole deal needs to go back for renegotiation ...or something else falls through. It's also often the case that these inexperienced, novice Charlies simply get cold feet at the last minute.

If they don't have their own funds to proceed with the deal - and enough of their own funds to cover what you need to see as the minimum cash component on completion - then it makes sense to just dump their sorry asses and go find a serious buyer.

Many vendors are too timid to drop buyers and too timid to demand bank statements and self assessment tax returns from prospective buyers. They need to toughen up here. This bloke wants you to pull your pants down and show him everything? Well, he can start by pulling his own pants down first. Don't feel shy to demand that. If he won't do it, drop him like a hot potato. Take no excuses. You'll be glad you did.

This £1 Charlie problem has become really bad over the last couple of years. And to be fair to Jeremy it's not just him. He was churning out a small number of them every year, but he's recently been joined by numerous competitors all churning out £1 Charlies. The market is now infested with £1 Charlies. Over 90% of the buyers out there today are these pratts looking to do no-money-down deals and going about it in a number of shady ways.

 

[MOIC]

Please do not disrespect members on this forum.

Agree. Seems to be a common trait with Aniela.

"What did Mr D say?" is quite a famous saying on this forum.

Agree.

It is said that threads have been put on hold until Mr D joins the discussion.

Not sure I agree with that one!

 

[The Byre]

OK Kiddo - I'll rise to the bait!

It seems the hate is that people like myself can go around buying businesses at a good deal that the buyer/seller are happy with and certain people are jealous of that fact, or something. Jealous of the fact they can't do it themselves... I don't know.

Nothing of the sort. It's the nuisance value and also the irritation of having to deal with people without money. There is nothing wrong with people who have no money - other than their obvious anemia of the exchequer - but if I buy a used car from someone and we shake hands at £10k, he or she will expect me to de-trouser £10k. That person would be mightily displeased if I then say that I will pay them in installments based upon the future revenue I expect to make by using it as a taxi.

They would first laugh and then get angry because I had been wasting their time.

I sold a German news agency in 1998-9 and we received money. Plain and simple - no talk of 'structuring a deal'. We (myself and others) sold a small company in Dresden last year. The deal was agreed in 2018 and confirmed with a 5% non-returnable deposit. Fortunately in Germany, all company sales must be completed by a notary public, so the shenanigans you describe are pretty much unknown. By law, money and deeds must be exchanged in one deal, just like a house.

It was only on coming to the UK that I discovered the presence of people who try to buy companies without money. Even PE asset-strippers have to buy up shares first before they can make an aggressive takeover bid. i.e. they have to have money!

There are legitimate reasons for the owner to help with financing, for example, if it is to a son or daughter or if it is a management buy-out and the owner wants to see that the staff and company have a secure future and the funds for future development.

When someone has no money, it is because others do not trust them with their money. For example - films. Raising the money for a movie is remarkably easy - all you need is a track record of making good movies. That's it! All good movies make a profit; it is never a question of if but of when! If people are prepared to pay for Blu-Ray disks or downloads or the TV rights then sooner or later that movie moves into profit.

In about 1980, the Coen brothers wrote 'Blood Simple' but it took them over a year to raise the $1.5m needed to make the damn thing! The reason was simple - they had never made a movie before! They had to go schlepping from one person to another raising a few thousand each and every time just to get $1.5m together.

It was released in 1984 and made $3.8 giving the investors about $1.6 return and then the investors sold it for a million or so to Universal who are still earning off it today. The next film (Raising Arizona) cost $6m and took $30m at the box office and again, continues to earn today. The Coen brothers had arrived!

Investors in the form of Fox and Warner Bros trusted them with their money.

The next three films lost money and the trust was gone. Then they made Fargo on a shoestring ($6m but much of that was deferred or points-on-gross) and it took over $60m. The trust returned!

So if you come to me with no money, it's because others out there do not trust you with their money.

 

[Aniela]

OK Kiddo - I'll rise to the bait!

Nothing of the sort. It's the nuisance value and also the irritation of having to deal with people without money. There is nothing wrong with people who have no money - other than their obvious anemia of the exchequer - but if I buy a used car from someone and we shake hands at £10k, he or she will expect me to de-trouser £10k. That person would be mightily displeased if I then say that I will pay them in installments based upon the future revenue I expect to make by using it as a taxi.

They would first laugh and then get angry because I had been wasting their time.

I sold a German news agency in 1998-9 and we received money. Plain and simple - no talk of 'structuring a deal'. We (myself and others) sold a small company in Dresden last year. The deal was agreed in 2018 and confirmed with a 5% non-returnable deposit. Fortunately in Germany, all company sales must be completed by a notary public, so the shenanigans you describe are pretty much unknown. By law, money and deeds must be exchanged in one deal, just like a house.

It was only on coming to the UK that I discovered the presence of people who try to buy companies without money. Even PE asset-strippers have to buy up shares first before they can make an aggressive takeover bid. i.e. they have to have money!

There are legitimate reasons for the owner to help with financing, for example, if it is to a son or daughter or if it is a management buy-out and the owner wants to see that the staff and company have a secure future and the funds for future development.

When someone has no money, it is because others do not trust them with their money. For example - films. Raising the money for a movie is remarkably easy - all you need is a track record of making good movies. That's it! All good movies make a profit; it is never a question of if but of when! If people are prepared to pay for Blu-Ray disks or downloads or the TV rights then sooner or later that movie moves into profit.

In about 1980, the Coen brothers wrote 'Blood Simple' but it took them over a year to raise the $1.5m needed to make the damn thing! The reason was simple - they had never made a movie before! They had to go schlepping from one person to another raising a few thousand each and every time just to get $1.5m together.

It was released in 1984 and made $3.8 giving the investors about $1.6 return and then the investors sold it for a million or so to Universal who are still earning off it today. The next film (Raising Arizona) cost $6m and took $30m at the box office and again, continues to earn today. The Coen brothers had arrived!

Investors in the form of Fox and Warner Bros trusted them with their money.

The next three films lost money and the trust was gone. Then they made Fargo on a shoestring ($6m but much of that was deferred or points-on-gross) and it took over $60m. The trust returned!

So if you come to me with no money, it's because others out there do not trust you with their money.

Valid point that it's a nuisance to you, but that doesn't mean the business model is bad, broken or a lie. There are business owners out there that are extremely happy with that sort of arrangement. That's why the model often works... or has worked for me at least.

What are people like me supposed to do, never offer instalment payments as part of the 'deal' because it annoys some business owners? I can't stop one of my business models purely because some people don't like it.

Am I wasting some people times, yes, I guess that happens in certain situations. That happens from both ends. You can spend a week or two going through a profitable company that you're looking to buy and it turns out the company isn't as profitable as it looks. Either through not being upfront, not disclosing certain aspects of the business etc. Don't even get me started on situations when family members are part of the business; it can be hell. I've now started to just walk away from those businesses from the outset.

Brokers are part of the reason it works. A business pays £499 + Set up fee (because that can't be included in the £399 of course) for a broker to list their business on their website and all the other 'buy a business websites' and 1 year later nothing is sold. There are some industries where it's just not easy to sell a business also, because it's not 'attractive' or the market is full of similar businesses. It's not always easy as saying the business is worth 100k and it will sell at that price in cash or whatever. An offer of something is often better than not selling the business at all.

The offers I give business owners are often a ray of sunshine, not seen as bad or a nuisance. They can actually sell the business and get more than it's worth, just spread over a period of time. Believe it or not, some people like to be better off long term, rather than having a one time payment. Madness!

Not even sure what to say about "When someone has no money, it is because others do not trust them with their money." as it that's so inherently flawed and just stupid really.

If I have 200k cash sat in the bank, why would I pay cash for 1 business if I can use it to finance the cost of 2-3 business instead. It's going nothing to do with 'having no money because no-one trusts' me, it's about being smarter with my money.

Even in general, most businesses are built or grown on some sort of debt. I guess lenders should step lending to any business because no-one trusts the businesses enough. If they can't afford it in cash, they're not a trusted business. What a load of twaddle.

 

[billybob99]

Agree. Seems to be a common trait with Aniela.



Agree.



Not sure I agree with that one!

2 out 3 isn't bad.

 

[The Byre]

Not even sure what to say about "When someone has no money, it is because others do not trust them with their money." as it that's so inherently flawed and just stupid really.

That is an idiotic misrepresentation of what I wrote and you know it.

If you can generate profits then people give you their money to generate more profits. If you are in business and have no money, that is because you cannot generate profits. If you are a poorly paid doctor or nurse working in Beirut right now my heart goes out to you - but you are playing at being a business person wanting to buy companies.

Perhaps if you stopped living in some dream world, you might just end up making some money - stranger things have been known to happen!

 

[billybob99]

Perhaps if you stopped living in some dream world, you might just end up making some money - stranger things have been known to happen!

Not happening.

 

[MarkOnline]

No, that's what you wrote and I quoted it. No misrepresentation.

Just like you saying that "If you are in business and have no money, that is because you cannot generate profits." - That again is just a mind-blowing comment to make and is completely out of touch of how companies grow.

When I'm building a company, I don't want profits. Profits are bad when growing a business. That does not mean the business has no money. It can just mean the business is utilising the funds, that it doesn't have to.

I have followed a few of your posts and have come to the conclusion that you dont really have much idea but you like to posture like a bit of a business whizz. This statement "profits are bad when growing a business" just demonstrates to me how far removed your thinking is from what building and creating a business with substance and value, is all about.

The term "out for nowt merchant" springs to mind, and from your posts on this forum, the probability you have built anything of significant value is dubious, to say the least.

 

[Clinton]

Well spotted!

£1 Charlies are often into posturing. They're either lying about their funds or lying about their experience with business or lying about something else. Lying and deception is at the core of what they do, and they are often so crooked that they do not even recognise this.

You are indeed correct. Profit is required to create a business with substance and value.

Owners of small businesses often go to market with that amateur excuse for not having profit in their last accounts: "we reinvested all profit".

What they don't realise is that there's a big difference between "not making profit" and "reinvesting profit". And it's very easy to tell which camp they fall in.

When they "reinvest" profit this shows up in net assets. Net assets / book value of the company will go up.

If they "reinvested" £100K of profit, that "investment" will show up in the books. They made £100K of profit right? So that money is sitting in their bank account (after paying CT), or it is reflected in their stock going up or in debtors going up, or something.

Net assets / shareholder funds / retained profits showing on the balance sheet ...will have gone up by £100K (less tax).

If it hasn't gone up then they are deluding themselves that they "reinvested" profit.

Unfortunately, most business owners going to market seem to think that by not paying themselves a salary they've "reinvested" the profit. They haven't. What they've done is hide the loss that the company would have made if it has paid everyone a market wage.

If they used their own property to run the business and didn't charge the business rent, that too is not a reinvestment of profit. It's a concealing of loss that would have been made under normal circumstances.

If anyone here ever wants to sell their business and not appear like they are completely clueless with numbers, don't claim that you "reinvested" your profit unless you actually made a profit, paid corporation tax on it and kept the money in the business instead of taking it out in dividends. That is what reinvesting profits is about!

The term "out for nowt merchant" springs to mind, and from your posts on this forum, the probability you have built anything of significant value is dubious, to say the least.

He has said in the past that he has made millions from his £1 Charlie activity. I think the jury's still out on this.

 

[BusterBloodvessel]

@Clinton i have had one or two run-ins with you on here but can I say 2 things

1) I hugely respect your input and knowledge on these things

2) and this is by far and away the most important - thankyou for pointing out that 7.00 - 7.30 clip in that video. You have cheered me up after a terrible week like I couldn’t possibly believe. Absolute comedy gold. It could almost be a sketch from the fast show.


There is only one thing I can say on this while kind of affair and that is that, surely...you can’t just “teach” this kind of thing?!?

I have been involved in a number of small...let’s say micro, or even less than micro businesses. Ranging from buying and selling a few things to now having a high street shop selling to retail and wholesale. What do I know? A fair bit, I think. I understand managing staff, managing customer expectations, marketing, growing things and identifying what works and what doesn’t. At a very, very small level.

I also have a full time job in the automotive industry. I manage product and marketing for all of Europe, reporting into a global USA based company. Within that - without sounding big headed - I know my stuff. I can spot flaws in the business, I know and can identify how to grow sales, where the good opportunities are and where the completely pointless ones are. I’ve retained business, I’ve won new business at 100k a year and one of our biggest ever contracts worth £3m+ a year. I should really be at a director level now having acted in that position for a long time (long story as to why I’m not!) and I could, i genuinely feel, move from the position I’m in Within a huge multinational into a bigger role (MD/owner) but most likely within a smaller company within the same industry.

If I could make that move, perhaps cut my teeth, then perhaps with that knowledge I could Move into similar roles within an industry I know less about. But having learnt the ropes of the next step - of the MD versus marketing director, of being able to call the shots and say “we’re going for that business” as oppose to saying “i really think we should go for that business”


But that’s experience. It’s knowledge. It’s living it, breathing it, being IN it.

how can you sit someone down in a classroom (dress it up however they see fit as “a community”, “guidance”, “support team”....whatever the buzz phrase is this week) and TEACH them that in a couple of days. You can’t. You really can’t, unless I am missing something?!?! It really breaks down to as simple as that for me?!

 

[Mr D]

No, that's what you wrote and I quoted it. No misrepresentation.

Just like you saying that "If you are in business and have no money, that is because you cannot generate profits." - That again is just a mind-blowing comment to make and is completely out of touch of how companies grow.

When I'm building a company, I don't want profits. Profits are bad when growing a business. That does not mean the business has no money. It can just mean the business is utilising the funds, that it doesn't have to.

How long should someone run a business without making a profit? A year? Common enough for first year to end up a loss - lots of spending to generate some income.
How long should the owner subsidise a business? How long before it should make a profit?

Sure, reinvest that profit in stock and equipment. Pretty common.
But has the profit to invest.

How long in your opinion should a business trade without making a profit?

 

[Aniela]

How long should someone run a business without making a profit? A year? Common enough for first year to end up a loss - lots of spending to generate some income.
How long should the owner subsidise a business? How long before it should make a profit?

Sure, reinvest that profit in stock and equipment. Pretty common.
But has the profit to invest.

How long in your opinion should a business trade without making a profit?

That's a rather open-ended question as it depends on what the business owner is doing it for, their end goals etc.

 

[Aniela]

I have followed a few of your posts and have come to the conclusion that you dont really have much idea but you like to posture like a bit of a business whizz. This statement "profits are bad when growing a business" just demonstrates to me how far removed your thinking is from what building and creating a business with substance and value, is all about.

The term "out for nowt merchant" springs to mind, and from your posts on this forum, the probability you have built anything of significant value is dubious, to say the least.

No. It just means you've never grown a business on a bigger scale than a small business. If I'm trying to really grow a business and I have profits left at the end of the year, I'm questioning the growth that is being made.

He has said in the past that he has made millions from his £1 Charlie activity. I think the jury's still out on this.

It's no different to you proclaiming that you've spent 35+ years building, buying and selling businesses but have no formed UK company history. All these businesses you've built, grown and sold all seem to be conveniently handled in other countries and offshore accounts without a shed of evidence. Seems convenient.

Most likely because there was no large businesses you've built and grown but rather random small websites worth $20.

 

[The Byre]

It's no different to you proclaiming that you've spent 35+ years building, buying and selling businesses but have no formed UK company history. All these businesses you've built, grown and sold all seem to be conveniently handled in other countries and offshore accounts without a shed of evidence. Seems convenient.

Rubbish! I know who @Clinton is, I know what he does for a living, I know where he lives, I even know what car he drives (assuming he's still got that Accord).

But who the hell are you?

Or as record producer and label-owner Micky Most once said to some dweeb from EMI "If you know so much, where's your Leerjet? Mine's parked at City Airport, but where's yours?"

 

[Aniela]

Rubbish! I know who @Clinton is, I know what he does for a living, I know where he lives, I even know what car he drives (assuming he's still got that Accord).

But who the hell are you?

Or as record producer and label-owner Micky Most once said to some dweeb from EMI "If you know so much, where's your Leerjet? Mine's parked at City Airport, but where's yours?"

You may do from working with him. But he doesn't state any of these phantom businesses or has any proof he's ever held a company of large value etc. He just has information and you have to just believe it's true.

The same thing the £1 charlie gurus get called out for doing. The only difference being that the gurus often have some sort of evidence trial. Clinton has literally none.

 

[fisicx]

You may do from working with him. But he doesn't state any of these phantom businesses or has any proof he's ever held a company of large value etc. He just has information and you have to just believe it's true.

The same thing the £1 charlie gurus get called out for doing. The only difference being that the gurus often have some sort of evidence trial. Clinton has literally none.

The same could be said for you. After umpteen posturing posts you could well be blowing bubbles.

 

[Aniela]

The same could be said for you. After umpteen posturing posts you could well be blowing bubbles.

True.

It's just interesting that no-one questions certain people but will put an eye on others.

 

[fisicx]

Questions have been asked. You just haven’t seen them.

How about we ask you a question: what is the name of your company? How many business have you brought? What evidence can you provide to prove your expertise?

 

[MarkOnline]

No. It just means you've never grown a business on a bigger scale than a small business. If I'm trying to really grow a business and I have profits left at the end of the year, I'm questioning the growth that is being made.

I think your above post proves my point.

 

[Aniela]

Questions have been asked. You just haven’t seen them.

How about we ask you a question: what is the name of your company? How many business have you brought? What evidence can you provide to prove your expertise?

I've publicly outed and reported multiple users on here for BBL fraud to HMRC, pointed out multiple dishonest business owners and ruffled quite a few feathers with 'mass posters' on here by calling out their business activities.

Could pretty much guarantee there would be retaliation against any of my businesses for pointing out their bad ways.

You just have to trust that I have. Just like people have to trust that someone has built, bought and sold hundreds of companies with not a shed of evidence. Just like people have to trust someone who has tens of thousands of posts is busy running any sort of decent business.

I wonder if the Harbour Club members call certain people "Hundreds of businesses built and sold charlies."

 

[fisicx]

I've publicly outed and reported multiple users on here for BBL fraud to HMRC, pointed out multiple dishonest business owners and ruffled quite a few feathers with 'mass posters' on here by calling out their business activities.

And? That just makes you a Karen. It doesn't give you any credibility.

You just have to trust that I have.

Except we don't. All you do is make lots of noise.

I've spoken to and dealt with a lot of the 'gurus'. I trust them.

You haven't posted anything useful. All you do it attack. Try posting useful advice and maybe option will change.

 

[Gordon - Commercial Finance]

@Clinton is a broker though - you know what that means right? I don’t think he’s ever claimed to have bought and sold hundreds of businesses. He advises those that do.

I’m a commercial finance broker and I advise and arrange finance for hundreds of people buying tractors and diggers. What you’re suggesting is that I should be able to demonstrate how many tractors and diggers I’ve owned over the years...
(it’s zero by the way)

 

[Mr D]

I've publicly outed and reported multiple users on here for BBL fraud to HMRC, pointed out multiple dishonest business owners and ruffled quite a few feathers with 'mass posters' on here by calling out their business activities.

Could pretty much guarantee there would be retaliation against any of my businesses for pointing out their bad ways.

You just have to trust that I have. Just like people have to trust that someone has built, bought and sold hundreds of companies with not a shed of evidence. Just like people have to trust someone who has tens of thousands of posts is busy running any sort of decent business.

I wonder if the Harbour Club members call certain people "Hundreds of businesses built and sold charlies."

Or indeed someone has efficient businesses and has time...
Can't spend all my time doing product research or reading technical stuff.

 

[Aniela]

@Clinton is a broker though - you know what that means right? I don’t think he’s ever claimed to have bought and sold hundreds of businesses. He advises those that do.

I’m a commercial finance broker and I advise and arrange finance for hundreds of people buying tractors and diggers. What you’re suggesting is that I should be able to demonstrate how many tractors and diggers I’ve owned over the years...
(it’s zero by the way)

That's what he does these days. That's supposedly built upon from the experience that he had from building, buying and selling hundreds of businesses; which is touched upon in a handful of video interviews he's done. He's somewhat touched upon this in replies on other threads too; in regards to his companies being in other countries, hidden away. That's the reason there's no evidence of such thing happening anyway... apparently.

I'm not saying he's not good at what he does now. He clearly does collect a lot of data and stuff.

Just find it interesting when someone go's around calling people "£1 charlies" while spouting he's built and sold 100's of companies, with no evidence of that occurring and all evidence off it handily being hidden in companies in other countries and going through offshore locations etc. Just all very handy.

But it does appear to be built off the same "not telling the whole truth" sort of situation that these gurus sell.

Buy businesses for a £1! - Yes, it's possible but it's going to take a lot of time and effort to do that and the success rate is extremely low. The reality is needing some money for most deals. Hence why the only 1 case study they often show of a £1 deal.

It's the same as "I've built and sold 100's of companies" - Yes, most probably true. But most likely typical rubbish Adsense ads websites making $2 a month. Not really a business but just pocket-money websites. There is likely truth in it, just not the whole truth. It's what's left out that is often important. Make a mole hill look like a mountain sort of thing.

 

[Gordon - Commercial Finance]

That's what he does these days. That's supposedly built upon from the experience that he had from building, buying and selling hundreds of businesses; which is touched upon in a handful of video interviews he's done. He's somewhat touched upon this in replies on other threads too; in regards to his companies being in other countries, hidden away. That's the reason there's no evidence of such thing happening anyway... apparently.

I'm not saying he's not good at what he does now. He clearly does collect a lot of data and stuff.

Just find it interesting when someone go's around calling people "£1 charlies" while spouting he's built and sold 100's of companies, with no evidence of that occurring and all evidence off it handily being hidden in companies in other countries and going through offshore locations etc. Just all very handy.

But it does appear to be built off the same "not telling the whole truth" sort of situation that these gurus sell.

Buy businesses for a £1! - Yes, it's possible but it's going to take a lot of time and effort to do that and the success rate is extremely low. The reality is needing some money for most deals. Hence why the only 1 case study they often show of a £1 deal.

It's the same as "I've built and sold 100's of companies" - Yes, most probably true. But most likely typical rubbish Adsense ads websites making $2 a month. Not really a business but just pocket-money websites. There is likely truth in it, just not the whole truth. It's what's left out that is often important. Make a mole hill look like a mountain sort of thing.

So basically the same as what you’re doing? Saying you’ve done this and that but without showing any evidence? Clinton is at least traceable.

Do you have any evidence to support the idea that Clinton buys and sells Adsense sites turning over $2 a month? He only deals with businesses which turn over more than $1m generally.

 

[fisicx]

@Aniela - surely this is what you are doing. Making lots of unsubstantiated claims. Have you even picked up the phone and spoken to Clinton? Or are you just spitting feathers because you can’t disprove him.

 

[Aniela]

@Aniela - surely this is what you are doing. Making lots of unsubstantiated claims. Have you even picked up the phone and spoken to Clinton? Or are you just spitting feathers because you can’t disprove him.

What would be the point of calling him? He very obviously doesn't want to back up any claims of his past business experience, for whatever reason. Which is fine.

I'm merely pointing out that he calls Harbour Club style people "£1 charlies" while he does the same exact sort of "Saying the truth but not painting the full story" - The exact thing he craps on, he does himself.

 

[Aniela]

So basically the same as what you’re doing? Saying you’ve done this and that but without showing any evidence? Clinton is at least traceable.

Do you have any evidence to support the idea that Clinton buys and sells Adsense sites turning over $2 a month? He only deals with businesses which turn over more than $1m generally.

Yes. The same as what I'm doing. I'm just pointing that he does what he essentially hates £1 charlies for.

No I don't have any evidence. I'm just saying it's strange that someone who is quite publicly forward with his services, makes these experience claims, and all this experience seems to be hidden away, locked away and his name never being attached to a UK company worth more than £200.

I just find it interesting when someone craps on the "£1 charlie industry" while doing similar sorts of things these "gurus" do.

 

[Gordon - Commercial Finance]

I just find it interesting when someone craps on the "£1 charlie industry" while doing similar sorts of things these "gurus" do.

I don’t think it’s in any way similar, but ok.