STEP 1:

BE A PHILOSOPHER

Think about what type of company you want to buy and create an investment one-pager

STEP 2:

SEARCH THE UNIVERSE

Get a list of potential companies that fit your investment one-pager using a list broker and searching by NAICS or SIC code, geography, size and other important criteria

STEP 3

CONTACT THE TARGETS:

If a company is interested in pursuing an acquisition with you after you’ve gone thru the 1st call questions, work to sign a Non-Disclosure Agreement with them. This step indicates a base level of interest on their part and will allow you to request initial financials from them.

STEP 4:

SIGN AN NDA

If a company is interested in pursuing an acquisition with you after you’ve gone thru the 1st call questions, work to sign a Non-Disclosure Agreement with them. This step indicates a base level of interest on their part and will allow you to request initial financials from them.

STEP 5:

FINANCIAL DUE DILIGENCE

Request basic financials from the past 3-5 years from the target company and
review once they provide it

STEP 6:

LETTER OF INTENT

Think about what type of company you want to buy and create an investment one-pager

STEP 7:

DUE DILIGENCE

Negotiate the LOI until it is acceptable to both sides and once it is executed, begin comprehensive due diligence

STEP 8:

PURCHASE AGREEMENTS

Begin drafting a comprehensive Purchase Agreement with your legal counsel

STEP 9:

CLOSE THE DEAL

Sign the purchase agreement, wire the money and hire me to help you manage the new business to new levels of success! Spend some time memorializing lessons learned for you to review before your next deal (my top two lessons to date are that Time Kills Deals and Every Deal Dies 1,000 Deaths!)