FAQ

How Do I Buy a Business?

The whole path, in order.

Is Buying a Business for You?

What the path asks of you.

What Is a Search Fund?

The model and its three variants.

How Long Does Buying Take?

The deal clock and the search clock.

Buy While Working Full-Time?

The employed search, honestly.

Can I Buy Without Experience?

Who can require it, and who cannot.

Do I Need an MBA to Buy?

What a degree does and does not do.

Which Business Do I Buy?

Choosing the trade to search in.

How Do I Get an SBA Loan?

The 7(a) loan, step by step.

What Does a Deal Cost?

Benchmarks and cash at close.

What Do Investors Look For?

Three lanes, three different asks.

Can I Buy With No Money?

The low-cash structures.

Can I Buy With a Partner?

The shapes, and what both sign.

Where Do Deals Come From?

Where the deals actually come from.

What Do I Ask the Seller?

The questions, in trust order.

Buy the Business You Work For?

Raising it, and what you can prove.

Buying a Family Business?

The ways in, and which one is yours.

How Do I Approach an Owner?

The first message, and after.

How Do I Make an Offer?

From first number to signed LOI.

What Happens at Closing?

Conditions, signatures, and a wire.

What About the Lease?

The landlord's veto, and its clock.

What Happens to the Employees?

Structure decides who stays.

When a Deal Falls Through

Lose the deal, not the search.

What Should You Pay Yourself?

The add-back becomes your salary.

What If the Business Fails?

How often it happens, and why.