The tools and philosophy I used to buy a business in less than 6 months

Tools and Resources:


Education

First I discovered search via the Sweaty Startup Podcast, redacted.


Podcasts

It’s hard to pick a favorite podcast, and each has been helpful on my journey.


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Books

These are the books that inspired and guided me to take the steps necessary to move from employee to employer.


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Blogs/Websites

Searchfunder → Obviously the most valuable. If I only had one resource, it would be this one

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Computer and Software

Macbook Air M1 → Bought for battery life and quietness no other laptop offers 21 hours of continuous use

redacted → Used for modeling, teasers, and all publishing and office needs

redacted→ Easily keeping notes on all devices and sync’d

redacted → Logo creation

redacted → Website creation and hosting

Google workspace → Email hosting for aforementioned domain

redacted → Email campaigns

redacted → CRM to keep track of all the communications


Deal Sites and Broker Listings

redacted → Where I found my business


Banks

redacted → Bruce Marks is super knowledgeable, and he delivered as promised

redacted → Lisa Forrest was super helpful and I almost chose her


Due Diligence

redacted → Where I found my financial due diligence in particular Bob Greisman → Did a fantastic job and fit with what I was looking for, all well under his estimate

redacted → Local Maryland attorney who did an outstanding job even though it ended up costing me considerably

redacted → The broker, one of the good ones who values companies honestly and put together a very convincing CIM


401K ROBS Provider

redacted → I don’t know how they deliver the level of service they provide for the price they charge, highly recommended if you go with a 401K ROBS to fund your injection




My Philosophy

1) To educate myself first in how to acquire a business

2) Build a strong foundation to search from

3) Start the search in earnest, but be efficient

4) Adapt as more knowledge is gained

5) Act quickly once an opportunity presents itself

6) Establish rapport with the seller

7) Keep the big picture in mind while working through the negotiations

8) Drive everyone to the closing table and don’t let time kill the deal



Thanks for reading, if you would like more details on my journey they can be found here: redacted