David Lynch

Entrepreneur, Investor, Multiple Business Owner. Buy & Build

[David Lynch @DavidLynch_]

NEW VLOG

https://t.co/fe9aeA477C

[David Lynch @DavidLynch_]

@WTFSunlunPod @PGO_News @iandobbers @KyleAsh93884567 Just 10 mins in but absolutely spot on Graham, Sunderland were woeful Saturday, tactically, technically and Psychologically

[David Lynch @DavidLynch_]

#safc very poor decision making in possession which is opportunity lost as Ipswich leaving huge gaps in key areas.

This is one of those rare away games whereas if we control possession we win

[David Lynch @DavidLynch_]

Haway the lads from Florida 🔴⚪️🔴

[David Lynch @DavidLynch_]

So pleased we didn’t stay in New York to watch that, went with instinct Miami much more fun

[David Lynch @DavidLynch_]

NYC

[David Lynch @DavidLynch_]

NYC travel and day 1
7 weeks to go 😎
#worldcupfinal

[David Lynch @DavidLynch_]

We’ve huffed and puffed our way through this tournament, heart, desire and representing the country brilliant but you have to admit apart from the odd moment we are miles off being world class
#england

[David Lynch @DavidLynch_]

@MarkCarruthers_ 💯 mark. When you make the choice to defend you need a counter outlet and we had zero options

[David Lynch @DavidLynch_]

Scouts eye @Soccerstarzltd ?
When you know 👀

[David Lynch @DavidLynch_]

Will be the best player in the premier league in 1/2 seasons

[David Lynch @DavidLynch_]

Everyone talks about taking action

But action without the right decision behind it can easily become just movement, I was guilty of this in my early business life

I’ve learned that the sequence matters

First you make the right decision
Then you take the action
Then your consistent with the action
Then you get the outcome

That has to be the order but most people do things in the wrong order

They rush into action to feel productive, like they have to do something now

They become busy but end up going nowhere
Or they make decisions and never act on them
Or the make the right decisions, act on them but give up too soon! (I see this a lot)

The people who win do everything in the right order

Decide deliberately
Act relentlessly

I’m a strong believer that the quality of your life is built on the quality of your decisions

And having the courage to act on them… then stay in the game long enough to win

[David Lynch @DavidLynch_]

@Perezsafc Still got it 🤣

[David Lynch @DavidLynch_]

Most important strategy as a business owner

[David Lynch @DavidLynch_]

Recently one of the topics that came up in discussion in the kong club was asset purchase versus share purchase when structuring a M&A deal

I wrote about this in detail in my Kong Edge newsletter (free to sign up) but here are the key points worth knowing if you're weighing up both options

SHARE PURCHASE
You buy the whole company
Contracts, employees, licences and trading history all carry on exactly as they were
Best for continuity and integration
The tradeoff is you inherit everything, known and unknown, so strong due diligence and a solid warranty and indemnity package are essential

Contracts usually transfer automatically because the legal entity holding them doesn’t often change, however contracts may contain a change of control clause, common in larger corporate and public sector agreements, which can require the other party to be notified or to give consent, so these always need checking during due diligence.

ASSET PURCHASE
You buy specific parts of the business, not the company itself
The trading history resets to zero and contracts often need consent to transfer (with a few caveats)
Best when the liability picture is uncertain, you only want part of the business, or the company has accumulated too much complexity

My default position is almost always share purchase

Continuity and trading history matter more to me than the marginal protection an asset deal offers

But i test that assumption hard through diligence on every deal

If something changes the risk picture i'll shift the structure or walk away entirely

This decision shapes the entire deal so put it on the table early

Has anyone favoured one or the other? Or any experiences to share that might benefit others?

[David Lynch @DavidLynch_]

@coinbureau Isn’t that the England team?

[David Lynch @DavidLynch_]

@GatesheadFC @alanmoore2312 Proud of you Tom, great move and well deserved

[David Lynch @DavidLynch_]

How can you have so much preparation, time to work on shape, time to analyse opposition and get it so wrong? #england

[David Lynch @DavidLynch_]

Congo need throwing out of the tournament simply for not playing Noah Sadiki (unless he’s injured 🤣)

[David Lynch @DavidLynch_]

@btconlyscott @adam3us @saylor @RichardByworth Great work mate and well deserved