Common mistakes during sourcing process?

by a searcher from McGill University

4 years ago

Looking for details surrounding any common mistakes people have made during the sourcing process that could have been easily avoided. Any and all answers appreciated. Thanks!

2 likes
154 views
4 comments

professional from University of Southern California - Marshall School of Business

Directly contacting business owners (unless they’re represented by a broker) is what’s worked best for my clients, for decades. (It’s a good way to avoid costly buyer competition.) How to Prepare Yourself and Find the Right Business to Buy: https://www.amazon.com/dp/###-###-####

2 years ago | like reply | 0 likes

searcher

Not warming up your leads. I think for many people the idea of acquisition is scary. I am currently trying something much warmer or softer. Like "investing" in their company or helping them run advertising free of charge, anything that gets the relationship built before asking for full acquisition

3 years ago | like reply | 1 like

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Examples of self-funded searcher websites

Investor seeking Self-Funded Search Deals

What are market terms for Seller Notes?

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.