LOI Too Soon?

by a searcher from University of Gloucestershire

3 years ago

I launched my search in January and I have found a business I really like. In talking to many people before finding this company a general note was you won't know what a good business is in the first 6 months of search. 
Is the fact that Im looking to submit an LOI in under 3 months of searching too soon? 

It'd be great to hear some thoughts as I really like the business, but am uneasy about how quickly this is happening

1 like
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24 comments

searcher from University of Stellenbosch

You’re no more likely to find a business a year in vs 3 months. Trust your DD process and submit the LOI. As many have said above the worst case scenario is a learning experience.

3 years ago | like reply | 0 likes

searcher from University of Gloucestershire

Thanks to everyone who responded. It is really amazing to get unbiased opinions through this forum.

My course of action is to enter into a non binding LOI and spend time doing DD at the business.

3 years ago | like reply | 0 likes

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