Inside the Lab: How Post-Close Liquidity Determines How Much You Can Afford
One of the first questions for many acquisition entrepreneurs is “what can I afford?”. The goal of the Lab is that our members be as informed as possible about the process of buying a business. A significant challenge we found was that most people don’t feel comfortable asking lenders “hard” questions out of fear of jeopardizing […]
The Six Things You Need to Look at to See if You’re Buying a Healthy Business
Thoroughly checking the financial statement is at the top of your list when looking into a business to acquire. As such, knowing what to look for will be invaluable. Apply to the Acquisition Lab! Your first consideration when deciding on a business purchase is whether it’s financially healthy. It’s worth knowing that a vast majority […]
A Glimpse Inside the Lab: Should I buy small?
One of the more common questions that we get on sales calls now is “What’s the difference between your program and others?”. One of the biggest differentiators I believe is that we’re not here to glamourize buying a small business as a get rich quick scheme or sell the idea of “flipping” businesses to build […]