81 - Don't Be Tempted: 8 Signs of a Bad Business
There are many, many businesses for sale out there, but the majority of them probably do not actually make good acquisitions for the lone acquisition entrepreneur.
Ryan Doyle understands this well.
Ryan is himself a searcher in the trenches right now, looking at listing after listing, trying to find the right business.
Heather Endresen is a lender who specializes in SBA loans for searchers and has been closely involved in countless search acquisitions.
The both of them, Ryan as searcher and Heather as lender, join me today to share a list of criteria you should use to quickly dismiss a business that would not make for a good acquisition.
"Quickly" being the operative word.
It's easy to waste weeks and even months of your life on a potential acquisition that a more experienced person could have told you, hey, this is a problem with this business that you should have seen at the outset and moved on.
Here are Ryan Doyle and Heather Endresen to explain what some of these problems can be.