Santa2's Posts
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Possiblie Long post alert!! I am starting to explore buying an existing UK business, particularly the kind of stable, profitable "boring businesses" that owners from the Baby Boomer generation may be looking to retire from and sell. Most of the content I find online is US-focused (search funds, ETA, SMB acquisitions, etc.), but there seems to be much less practical information specific to the UK. I'm hoping to learn from people who have actually bought a business in the UK or possibly know someone who has. Some of the things am looking to learn about are: Where you found the business (marketplaces, brokers, networks, accountants, etc.),What your acquisition process looked like, the due diligence you carried out before completing the purchase, how you uncovered the seller's genuine reason for selling, any red flags you wish you'd spotted earlier, how you valued the business and negotiated the deal, how financing worked (bank lending, vendor financing, investors, etc.), What you would do differently if you were buying another business today. Lots of questions I know ![]() I am particularly interested in small recurring-revenue, cash-generative businesses rather than high-growth startups. If you've been through this process, I had really appreciate hearing about your experience. Also, if there are UK-specific communities, newsletters, brokers, podcasts, or marketplaces that you found valuable, I had be grateful for any recommendations. Thank you in advance! ![]() |
justwise:I have family in the US where I I saw firsthand how insurance changed the trajectory of the lives. They were comfortably middle class , uncle died in 2006, 3 kids were in uni then, the insurance payout (about $1M) was invested wisely by my aunt and they still continuously reaping from the proceed investment from that payout. My cousins now have their own kids and that insurance payout from 20yrs ago ensured they didn't down grade their lives but upgrade it after the breadwinners death. For me the approach is insurance and investment. Diversify the portfolio ![]() |
bigtt76:Welcome back ![]() |
I know its been a while anyone posted on this thread but I was hoping I can draw from experiences here. I am hoping I can get resources there on diagnosing a kid with Adhd. Would appreciate if anyone has knowledge of the process . It about time I stopped being a typical african parent and face reality head on. My kid is currently in Year 8 in a grammar school but he gets written up for behavioural issues a lot, seemingly small issues but its quite frequent.. Truth is he's been showing some of the signs but we kept writing if of as him just being a typical boy, he struggles to follow multi-step instructions, gets distracted easily, Zones out, he's bright but he gets inconsistent grades, fidgets (uses stress balls to mitigates these), cant sleep except he plays white noise at the background, the teachers always complain he needs to focus more. When he was in Year 5 a teacher mentioned we might need to get him assessed for ADHD but we (typical african parent) wrote it off as them trying to put a label on him. But now that we know better, we are looking for the best way to get him the help he needs. |
Cyberknight:@Cyberknight Thank you so much for this, I really appreciate, would follow your advise. He is currently in Year 8 in a grammar school but he gets written up for behavioural issues a lot, seemingly small issues but its quite frequent.. Truth is he's been showing some of the signs but we kept writing if of as him just being a typical boy, he struggles to follow multi-step instructions, gets distracted easily, Zones out, he's bright but he gets inconsistent grades, fidgets (uses stress balls to mitigates these), cant sleep except he plays white noise at the background, the teachers always complain he needs to focus more. When he was in Year 5 a teacher mentioned we might need to get him assessed for ADHD but we (typical african parent) wrote it off as them trying to put a label on him. But now that we know better, we are looking for the best way to get him the help he needs. |
I seem to recall that there was a parenting in the UK thread that opened sometime ago. Tried to find the thread cant seem to locate it, not sure if its still going on. I am hoping I can get resources there on diagnosing a kid with Adhd. Would appreciate if anyone has knowledge of the process or got a link to the thread. It about time I stopped being a typical african parent and face reality head on. |
Goke7:Na everyday person dey learn..Thanks for this tip. GOd bless you. |
HustlaOfLagos:Still collating docs but it a rough outline going to be something like this: Mandatory Features screen shots texts How do I demonstrate that I have been recognised? Evidence showing that I led the growth of a Product Led Company Reference letter from a founder Evidence of high salary and bonuses plus proof that the salary is high Evidence showing published materials and my work Optional how I demonstrate that I have been recognised outside of work conferences and talks presented outside work open source contributions mentor commitment how I demonstrate that I have significant contributed to a tech driven company My contributions to product led organisation Reference letter from a founder employment contract In long form: Personal Statement (1000) words mapping Personal journey, impact, and aspirations and linking them to the UK tech ecosystem highlighting future plans and impact in uk. Recommendation Letter 3 letters from senior leaders (think CEOs) who will validate personal contribution and impact. 10 Pieces of evidences (Mandatory and Optional Criteria) Mandatory Proven track record of innovation or significant technical contribution: -Describe role as (input role) at the Product led company, -Describe impact/achievement showing awards, recommendations, worksflows etc (supporting docs could include Screenshots, roadmap, API schema , your ADO board snapshots, stakeholder emails, Code base, Slack/email threads showing prioritization, backlog choices) Proof of High Income/Renumeration -Show evidence of high salary, Promotions, recommendation/endorsements and compare Uk average for role -Show evidence of high salary, Promotions and compare with Nigerian average for role (for Nigerian Experience) Reference from Companies to support proof of Technical contribution Recognition for Contribution to Digital Technology - Mentoring(Testimonials, screenshots from chats, training slides). - Speaker Invite (Event flyer, thank-you email, slide deck) - Tech Blog or Newspaper Article Contributions (Screenshot, link, PDF version,show readership metrics) Optional Criteria Significant contribution to high-impact product-led company -Showcase contributions on high-visibility digital product, Cross team collaboration, Performance recognition. Contribution to Digital Tech beyond Day-to-Day Work -Speaker invite to Talks and Conferences, Mentorship -Significant expert role as Judge and Panelist - Technical publications (think Tech Articles but if you have journals publications better). As I mentioned before, this is just a rough outline and is currently being tweaked. |
HustlaOfLagos:Yea..wifey :GTV, me: EB-1. make we diversify immigration investment ![]() |
Goke7:@Goke7 Oga come and cut GTV anointing for me, so that I can use it for EB-1. ![]() |
justwise:Politicians are the same everywhere! |
AirBay:Just curios, why would you want to go this route when there are apps out there that will sort this out in minutes (lemfi, remitly etc). In my experience lots of people have lost funds through peer to peer exchange. |
justwise:Abeg Bros...na who you like? ![]() |
HustlaOfLagos: . I see what you did there.. You can go by the way of using chatgpt (these days I prefer Manus AI) to curate a 3-6 month to making you a thought leader in your field. It can list out seminars, conferences , Tech podcasts, tech publications that you should narrow in on. You can also use it to draft introductory letters to these platforms. You might not get responses back from some but some might respond positively. Also like Goke7 highlighted you can also network to speak on twitter spaces, platforms or bootcamp. Heck you can even create your own platform. Another way would be to get a PR firm to curate these experiences for you. You can get a PR company from Naija as it might be more cost effective. We engaged one here in the Uk but they are just taking a piss, we are getting more traction using the AI plan than their paid services |
Jamesclooney:I recall your post on the canadian visa process as I was in the same boat.( I think I even replied to it). Those guyz took almost 11 months before they responded. It was so annonying, Now that I have gotten the visa, I don't see my self using it. Except maybe if I decide to go watch the world cup next year with my son who is a huge football fan. With regards to the bolded on choosing Canada over UK, I must confess, I sometimes wonder if I would have been better off choosing Canada over UK with regards to settlement. Like you, I had one eye in Canada and other other in UK. What tilted the cart for me was that Canada student visa processing time was very long at the time, and the fact that the masters study was 2 years while the UK was 1. However a relative that went same time as me for study already have their PR despite the 2 years masters study. But where the UK in my opinion trumps Canada is with regards to closeness to Naija (not like I even go there often) and availability of professional jobs. I kind of believe that there are more professional jobs here in the UK than in Canada hence making it easier for an immigrant to get a job here than there (but I might be wrong). All in all I do not regret coming to the UK even with the current immigration malady, But I dey shine my eyes dey look outside, if they continue to move mad we activate Japa 2.0 and 3.0 . Like you said na to pray to our God for the stars to align in our favour. |
Goke7:The thing is that a lot of people actually have enough experience but might fall short as a result of not putting themselves out there in terms of keynote speeches in conferences, seminars, tv interviews, news paper publications and the likes. I know this because this is our achilles heel in personal situation. But I am actively working to mitigate against it especially as doin this make you eligible for 01,EB1, gulf golden visas and the likes. The day the scales fell of my eyes was then I found out that if you have already accrued 3 years on the skilled worker visa and you apply and get the exceptional talent visa, you can apply for ILR on exactly the same day you get the exceptional talent visa. A close friend actually did it. However this doesn't seem to be an issues in his case, if it were me I would leverage the YouTube channel as evidence of my expertise, |
Bwisewiturvote:@Bwisewiturvot My approach would be to do the best I can to create the best opportunities for my child/children. So I would say if you can, please do. I did same over a decade ago but then we were was in Naija (did it in yankee). I think most of the principles might still be slightly be same (or changed significantly with the whole immigration brouhaha). I think there is a related thread that deals with it here so search it out. Just make sure you pay all your fees and collect receipts ( you might have to chase them for receipt), please don't leave without receipt, and always have it with you in your subsequent travels back to the country as you might get asked. Also you might want to research locations where the health care cost might be lower. I reckon the cost might be cheaper in Sask than Toronto( this is just an example). You've got time so you will need to do a lot of research. In my case then I had to go a city were we had no family as the cost was a lot lower even when airbnb stay (extended stay) was added. Research everything not just the birthing process but also documentation process after baby comes. Its a huge project you about to embark so plan am well. I remember back then taking a loan of N1.6 million naira which converted to just over $10,000 ( those were the good days of exchange rate) to add to our saved funds for the process. We were complaining that the rate were high, if only we knew. Back then we already had US visit visas prior to finding out wifey was pregnant. So before she left for the US we wrote to the embassy in lagos and abuja, about our intent to give birth with the same visa we got for visit. They both replied that we should make sure we pay all our bills which we did. This gave us comfort to embark on the trip as sometimes people get turned back at point of entry. With these letters we had full confidence. |
AKALAMAGBO:@AKALAMAGBO Congratulatios Baba!! We dey come wash the house ooh. share your sentiments with regards to buying despite the whole immigration brouhaha, worse case if kasala burst I sell am or rent am. Factored this in when I was buying, made sure it was in an ideal location, few mins from train station (48 mins into central london) and amenities. God go help all of us. Congrats once again. |
Apologies if this turns out to be a long post. This Nairaland is like a market place. You come and buy (and sometimes sell) the goods you want and use it to cook a delicious meal or dump it in the trash. I have always know always believed that two truths can exist. There will always supposed 'high fliers' and there would always be those that stick with the norm. I personally believe that both are necessary for a healthy community. One just has to choose where one falls under and in that process not look down on the next man because you think he is not striving to be better himself. Its ok if the next man to stay 15 years for ILR if that gives him peace, While it might might not be ok for me, I need to respect the next man's choice because we are not fighting the same battles. What prompted this post the issue where someone said @jedisco was boasting about his achievement. I actually think the opposite is the case. I don't think we showcase enough the path of a successful immigrant so other can get inspiration. I have learnt a lot from Nairaland and still keep learning, Over 14 years ago, nairaland was were I ran to when I wanted have our kid in the US and thankfully it provided me the information I needed and the community. When it was time to build our house back then in Nigeria, the housing/building thread was a valuable resource. In 2020 when I decided it was time for my masters study in the UK, Nairaland was the best resource. I came in as student, Nairaland thread was were I went to for settling down tips, housing, banks accounts, building credit profile etc. I came in at the height of covid when we had to quarantine when we arrive. I got all I tips I needed. While I was a student I did part time care work, I was able to save almost £4000 living frugally, My spouse and kids joined me several month later and she got a very good job here (as she had extensive experience). while the company said they wouldn't sponsor, six month down the line as our visa was expiring they did sponsor her. I got a job after study with a subsidiary of the NHS that offered full remote work and didn't pay as much as I would have liked. I initially gave myself six month to stay in that job but I slowly settled into that job and started to see my self as not being able to earn more than that. I applied to other jobs but didn't get much traction. Through that period my wife and I applied for a mortgage got approved and bought a new build 4 bedroom terrace house and was thanks to guidance from the nairaland mortgage thread (thanks to rent money is dead money conversation that some fought against). When the mortgage payment hit I slowly realised that I would need to double my hustle. Enter in Nairaland again, I had already identified an area I wanted to pivot into but wasn't doing as much action as I would have liked. Then I stumbled on a comment from @copershun ( I hope I got her handle right) on recruiters reaching out to her for roles 70k to 80k, I contacted her and found out that it was the same Data Management/Quality I was play around with that she was referring to. I got serious and did the work, and a few month later started a managerial role in this area. Almost a year into the role I have already identified the next niche I want to play in . Someone might say I am here bragging or what's not but I just hope it inspires some to take step and action and build the type of life you want for yourself. I still am on a journey of self discovery, @chukwuma's post on entrepreneurship has also sparked another fire that I am looking to explore in the next year. Once I again I state that Nairaland is a marketplace, You come here and choose the ingredients you want, and the type of soup you want to use it to cook. Selah |
HustlaOfLagos:That a fintech unicorn idea you have in your hands . You just might be the next paystack or flutterwave.. locratingNg is wait for you to be built ![]() |
HustlaOfLagos:Personally I think the exams are a bit difficult especially for a 10 or 11 year old. Just like common entrances were those days. But with lots of practise over time it becomes relatively easy. You often have people start to prepare their wards 3-4 years before the kids have to take the exams. Just like someone alluded to, Most people move to the south east to be well placed for these schools, Its one of the major reasons we moved from the North to Kent sometime back. Locrating is good tool to use to see where the schools are and their ranking, You usually are not just looking to get your kids into just any grammar school, you will want them to get into the best within your capabilities(get into the eton of grammar schools ). |
ukay2:Congrats oo... Na so my girl too pass her Medway test with 583, and Kent - 376. I am so proud, to think she got us worried as she said they were much harder that all the mock test she had been doing. |
Jamesclooney:Like someone stated EB1 or EB2 in the US comes to mind., the bar for EB2 is a bit lower but its processing time is a lot longer. One might also want to research UAE golden visa (although doesn't lead to citizenship), loads of people head to the UAE after they get UK ILR or citizenship there are loads of content on it on YouTube. Another option it the Portugal golden visa. Another alternative is to apply for Global talent with in the Uk ( if you believe you qualify for any of the streams). If you get global talent endorsement and you have been on skilled worker visa for upto 3 years, you can apply immediately for ILR. If, you have dependants, they dont have to switch visa witht he primary applicant, they can stay as skilled worker dependant and apply straight to ILR after you get the endorsement/visa. |
Viruses:I second this!.. Thanks Brine for sharing useful information with an open heart..and responding to DMs ![]() |
Lexusgs430:I wonder why he didn't just change to a Ghanaian name each time. Dude kept true to his heritage..😄 |
Hi, Has anyone done renewed this passport via the contactless app recently? if you have, how long did it take to get your passport back? Renewed my over 2 weeks ago and it still showing in production when tracked. I know the NIS guide says to allow 6 weeks for passport production but most people online have alluded to getting response 5-7 days after old passport submission. At this point I don't mind getting my old passport back as its urgently needed (it still has 4 months left on it). If anyone has a contact at the High commission, Kindly share. Would be most appreciated. |
EJIOGBENIMI:Just remember don't insure it on the cost of your house but the cost of the building (after the land value has been subtracted). There is a site where you can get the value..don't recall it now. |
Lexusgs430:I gbadun this your style oo. what are some of the areas or street names around Heathrow one should look out for? |
Lincoln4u:Upload your refusal letter to Chatgpt, give it a detailed summary of all the evidences your provided and a background on why you just applied now. Tell it you want to reapply, ask it to draft a befitting cover letter that would make the ECO convinced and ask it to recommend any additional documentation that might help your application. What ever response you get, update it with your human touch. I pray you get success in your reapplication |
Lexusgs430:Just as the US offloads their $7500 EV grant, the UK onboards theirs. Baba spend this money and buy brand new naa.. Next of kin no go reason all these thing O. |
dannytoe:I have said it before and would say it again. People have their various reasons for embarking on their Japa Journey. So your motivation might now be same as the other mans motivation. Hence the prescription for returning back to Nigeria would not be same silver bullet for everybody. Migration has always been the lowest hanging fruit most government pounce on in times of economic downturn, Nigeria even did it in the late 70s/80s with the Ghana must go debacle, As some one posted earlier it even dates back bibilical times. What I have always known when I embarked on my journey is that it might not be a straight line walk, one thing that helps sometimes is elevating ones skill level through the journey so one can add value where ever one is. Even that in its self is not easy as most migrant in the first phase battle with a lot of challenges and tend to put the this in the back burner. I would say we should have all pragmatic approach to this journey, call out what ever government make unreasonable changes to their earlier planned policies but remember that they no send us in the first place (annoying but true). They would do what they think is best for them, you should do the same. Have a strategy that puts you and your family in the best position even if there are changes in policy and make one eligible for plan B or C if it so happens like that. And if the plan has always been to go back to Nigeria, work towards going back comfortable from Day 1. Abeg make una share good plan B & C options ooh. Me I don share EB2- NIW route. Make una share una own make we dey archive am. God go help us for this our waka |





