FAQ
Learn & Choose Your Path
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?
Searching beside a paycheck.
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.
Define & Test Your Thesis
Set Up & Fund the Search
Source & Screen Deals
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.
Do I Need a Broker to Buy?
Whose side the listing broker is on.
How Do I Approach an Owner?
The first message, and after.
Diligence & Close the Deal
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 Taxes Will I Pay?
Allocation, and what it buys you.
What Do You Take On?
The debts that follow assets.
What Happens to the Employees?
Structure decides who stays.
When a Deal Falls Through
Lose the deal, not the search.