We want to hear from you, so we can help you and others avoid costly mistakes. Reality: The 2020 Stanford Search Fund Study reports a 33% failure (to complete a transaction) rate. And, of those search funds that bought a business, 25% suffered losses from their investment.
Buyer competition forces some acquirers to make fatal concessions when negotiating with sellers.
• That's why so many people buy the right businesses the wrong ways.
• Or, they have to settle for what other searchers don't want.
You can increase the probability of doing a deal if you know more about how to handle buyer competition. You're invited to attend my Jan 5 Zoom Q&A: How to Avoid or Beat Business Buyer Competition.
Trying to protect the confidentially for searchers who want it, this event will not be live-streamed on Searchfunder or anywhere else.
• 27 searchers wanting to buy a business, worldwide, have, so far, registered for it: NZ, AU, UK, USA and Canada.
Pre-register now. Attendance is limited. https://us02web.zoom.us/meeting/register/tZAvdemurTooGdQYrYpcej2GDTv0h8tKEjWD
Should I avoid brokers because they create buyer competition?
How do you know if you’re competing with other buyers?
What penalties can I suffer because of buyer competition?
When am I most likely to encounter or discover buyer competition?
What should I do when sellers or brokers tell me other buyers are interested in the company I am evaluating?
How can I know when to hold 'em or fold 'em when facing buyer competition?
What if sellers or brokers say I must beat a competing buyer's price or other terms of purchase?
What’s the most effective way to beat or avoid buyer competition?
Other than competing with me to buy a business, are there other ways buyer competition can hurt me?
How can I turn buyer competition against itself?