STEP 1:
BE A PHILOSOPHER
Think about what type of company you want to buy and create an investment one-pager
Think about what type of company you want to buy and create an investment one-pager
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
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.
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.
Request basic financials from the past 3-5 years from the target company and
review once they provide it
Think about what type of company you want to buy and create an investment one-pager
Negotiate the LOI until it is acceptable to both sides and once it is executed, begin comprehensive due diligence
Begin drafting a comprehensive Purchase Agreement with your legal counsel
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!)