11 Mistakes to Avoid When Buying Businesses

In this video, I share my experience in buying and selling over 20 businesses and analyzing thousands more. I've looked at everything from small startups to large corporations, and I've identified a pattern of common mistakes that prospective buyers make.

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Drawing from insights shared on my podcast, Acquisitions Anonymous, I cover real-life examples and offer practical advice for navigating the complex world of business acquisition. This video is essential for anyone from first-time buyers to seasoned entrepreneurs looking to expand their portfolio.

I discuss key mistakes such as:

00:00 Introduction
00:33 Buying Yourself a Job
01:37 Why Are You the Lucky Buyer?
03:03 Macro-economic Conditions
04:24 Seller Fisher Expeditions
05:31 Exploding Real Estate
06:23 Financing Issues
07:31 Declining Business
08:53 Buyer Business Fit
09:47 Not Owning Customer Relationships
10:49 Hard Businesses
11:35 High Working Capital

Join the conversation! If you have experiences or tips to share, feel free to drop a comment below. Don't forget to check out Acquisitions Anonymous for more insights on business sales.

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[Michael-Girdley]

Are there any mistakes you'd add to the list?

[kylecordes]

Great video. On the ATM example, it seems like the risk there is not merely that it declines, but that an adventurous prosecutor decides that you are part of the money laundering effort!