What are the obstacles for people searching for businesses to buy?

professional profile

April 24, 2023

by a professional from University of Southern California - Marshall School of Business in North Palm Beach, FL, USA



How about this situation? Personal Guarantees.

Here’s the recording from my recent webinar: How to Get, Avoid, or Negotiate Personal Guarantees: https://youtu.be/CrRVYFkxnfA

Be sure to see the show notes, for the link to the supporting PDF.

Some of the comments from viewers:

  1. I first downloaded and read your PDF, and then I watched the video. Seeing the checklist before watching your webinar made me more aware to what you’re trying to us. Another kind of good “trigger.”

  2. I like how you answered the questions, and especially how you interspersed the tips and warnings.

  3. Good thing, during your webinar, that you didn’t try to cover all 128 considerations; as you say, “it’s like drinking from a firehose.” Your PDF stiches it all together.

    TIP: Google all the considerations and alternatives, using the list in my PDF. (I was amazed, while researching, at how many ways people can handle PGs. You’d be watching dozens of my videos on PGs were I to fully explain, which btw I couldn’t. That’s why we have lawyers. And why we research before spending money with lawyers.)
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Reply by a searcher
from University of Georgia in Atlanta, GA, USA
Currently have a deal under LOI but SBA saying my profile is "thin" so having hard time with lending
commentor profile
Reply by a professional
from University of Southern California in North Palm Beach, FL, USA
Consider getting lender qualified before searching. (You, not a particular company you’re evaluating.) Lots of good info on SF about it.

The amount of cash you have for the down payment makes a big difference. DM me if you want link to my creative financing book.
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