Twitter Thread Outlining Search to Close Process
November 28, 2022
by a professional from University of Texas at Austin in Houston, TX, USA
Hey everyone — I created this thread on Twitter a week or so ago that I thought might be useful for some folks on here. It's meant to outline the "search to close" process in six steps and while it's geared more toward online businesses, most of it applies generally across the board for SMB acquisitions.
Step 1: Your buyer’s criteria
Step 2: Finding businesses to buy
Step 3: Securing funding
Step 4: Sign the Letter of Intent (LOI)
Step 5: Conducting due diligence Step
Step 6: Sign the Asset Purchase Agreement (APA)
It's geared more toward beginners but it's a fairly quick read and you might find some useful resources in there regardless of your search/acquisition experience :)
from INSEAD in London, UK
from IESE Business School in Berkeley, CA, USA