Effort Shouldn't Outpace True Progress

On any deal, make sure your level of analysis doesn't outpace your true progress on the deal. If you're an analytical person, it can be easy to immerse yourself in building out an in-depth model on a business because you enjoy it and it feels productive. But if you haven't spoken with the owner yet or know that you have a general price/structure they would agree to, it's a waste of time. SBA modeling doesn't have to be complicated. Start with the basics, and then invest the time if the deal is genuinely progressing.