After selling his telecom business in 2006, Jeremy kickstarted a new company called Unity, that has bought and sold over 50 firms in 10 years. “Looking at the world, what we really needed was to empower small businesses, as they are capable of making a big difference to a country’s economy. That led to the inception of The Harbour Club, an educational community on tactical Merger and Acquisition training to help entrepreneurs understand how to buy and sell businesses for no capital upfront or debt, which has helped create hundreds of millionaires.”
Jeremy has penned a few books as well, such as Go Do Deals, Agglomerate: From Idea to IPO in 12 Months, Why You Should Never Buy A Company That’s For Sale, and Democratizing Wealth. At the crux of these books is a glaring truth – big businesses are disproportionately wealthy, and this inequality affects small businesses and the economy. “They never die, and they never pay tax, and they take money out of the economy. In fact, the top 500 asset managers have $93 trillion under management.”
He continues, “Small businesses in mature economies like the UK, Canada, USA or Australia contribute 50% of the economic output. And yet if you break down every asset class investment, more money is invested in Bitcoin which is effectively, an imaginary product. So quite clearly, there is a split – one economy with all the money, and one with people involved in it, and these are not connected. Every time we have quantitative easing (more money introduced into the supply by a central bank), it goes into the asset economy and not into the real economy. This needs to be fixed. Because if we can get even a fair allocation, even to the degree of 10% investment of this money into the small business economy, that brings it to $9 trillion.”
As a seasoned businessman, Jeremy has his finger on the pulse of the economy. In fact, small businesses are an integral part of any country, rampant across every town and city in the world. Supporting and empowering them would parachute billions of dollars all around the world, creating wealthy entrepreneurs, solving social problems, and creating employment for millions of people.