January 26, 2024

Take Five #090: 20 questions to ask when analyzing a business purchase, and more

Take Five #090: 20 questions to ask when analyzing a business purchase, and more

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Take Five #090: 20 questions to ask when analyzing a business purchase, and more

1. A searcher’s experience connecting with a potential seller during the cold-prospecting process

I can’t lie; I was nervous heading into the conversation that day. Even though Jane was very polite over email, and I knew she didn’t want to sell her business, I couldn’t get over the fact that I would be talking with a business owner about possibly selling her business one day. Something about it felt so off.

“I am such a fraud – she’s going to laugh me out of the room,” I told myself. It could have been the 3 cups of coffee talking nonsense into me that morning, but I eventually psyched myself up to take the call at our scheduled time later in the day.

As a side note, I wasn’t in the most optimal position to take the call either. At the beginning of my search, I was hesitant to secure an office space because I was still searching for an apartment at the time. I don’t have an issue working in different environments, but my living situation put some pressure on how and where I’d work each day. I should’ve just bit the bullet and found a co-working space, which I eventually did after a few months.

Read the rest of Maverick’s post here.

2. Why you need to get an M&A insurance broker on your deal team

3. Acquisition expert explains his scale-and-supervise system

4. 20+ questions to ask when analyzing a business purchase

5. Where to find opportunity when a business isn’t “bankable”

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