The best way to ETA is to go work at the business you want to buy first. Work there for a couple of years, gain trust, learn the business. You’ll be more successful and might even get a better deal.
As a sell side M&A advisory that works with $2-$3 million EBITDA businesses, we struggle with this already. We find independent sponsors easy to work with because they always have a PE or M&A background, but searchers are almost always too uneducated and underprepared to take seriously.
This is the best sermon I’ve ever heard. Jesus was convicted of the crimes of treason and blasphemy, which he did not commit; nevertheless, he took the penalty. We, on the other hand, are guilty of both every day; nevertheless, we are freed. https://t.co/6ZmxTKenJb
@DallasAptGP Watch the Ric Burns New York series on PBS and then dig in. Burns gives the highlights and the book fills in the gaps. An extraordinary book but the NY documentary gives you great context.
Actual text I just had to send my wife: "Sorry I got frustrated earlier. I’m actually not frustrated. I just hate the government because they are so stupid."
@RobertMSterling@SteveWiesnerSMB@vrexec We’re doing this right now. Hired a guy from
Piper to work on $1.5 to $5 million EBITDA deals. These small business owners deserve sophisticated help, so we’re going to give it to them.