Why do you do what you do?

What does growth look like to you and how does it fit into your business? Define your optimal business to acquire. Why do you want to acquire another business - to add capabilities, to add depth, to add revenue, to eliminate competition?

Once you find your why, it’s time to go identify an acquisition. There are many resources available to search for businesses for sale. Add yourself to as many lists as you can to see what’s available. Reach out to professionals and start asking around as to who may be looking for an exit strategy.

It takes a lot of work to buy a business! Valuing businesses, determining proper structure for the deal, obtaining counsel, and starting due diligence are just a few of the tasks to do as you get going down this path.

There’s a whole process to go through to get to closing and you’ll need professionals to get you there! There’s lots of terms to learn from indemnification baskets to working capital adjustments, you’ll need to learn a lot off new terms. Once you close, the work just gets started as integration is the most critical phase.