Great article by @NancyStabell
The Five Most Common Post-LOI Breakdowns
1. EBITDA Analysis that Doesn’t Hold up
2. Due Diligence Surprises Unrelated to Money
3. Financing Fragility
4. Re-Trades and Deal Fatigue
5. Seller Unpreparedness
What Founders Should Do a Year Before Going to Market
1. Restate your financials on a GAAP basis.
2. Make yourself replaceable.
3. Do a comprehensive cleanup of your operations.
4. Vet your assumptions with outside eyes.
5. Build your deal team early.
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My 2 cents
It's wild, but owners won't do the things that will make them the most money and then get frustrated in the end.
Next Thursday, I'm going to show owners how to make themselves replaceable....start making the changes you capture millions 90 days at a time
https://t.co/Mu8iOeAN1t
You can read the full article https://t.co/17B4kolJ6l
@datingbyblaine@heshie I would agree with that take- it is fun and he likes people. I had a client get a deal with him - that can only be explained by the idea that it is fun.
I found a guy who goes around the US asking 70 to 100-year-olds their:
• Biggest Regrets
• Biggest Lessons
• Advice to their younger self
Oddly enough, most of their answers are the same…
Here are my top 8:
@freddieoconnell@jasondotnews What I love most about this Exchange is that our mayor know the answers off the top of his head and can put the information out without having to talk to his comms team… 🩷🩷