This video is a recording of our most recent delivery of the first of three modules of our Pass The Guidon program.
Here are the learning objectives of this module:
Understand the overall small business acquisition process
Understand methods for finding a business to buy and offering a business for sale
Understand what is a non-binding Letter of Intent(LOI)
Understand why a non-binding LOI is used
Review common concerns buyers have/concerns sellers have
Communicating that often it's the first time for the buyer and the seller
What’s important to sellers
What’s important to buyers
Mapping the buying process (Buyer) to the exit strategy (Seller)
Understand the role of a broker
Understand the difference between an asset purchase versus stock/equity offer/sale
Understand how, when, and where to start looking for funding
Discover best practices for this phase
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