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Brent Beshore @BrentBeshore
, 4 tweets, 2 min read Read on Twitter
Nails it. Nuance pops through repetition.

To have a shot at buying one small company successfully, you must first find, analyze and pass on 500 deals. After a while you start developing an "I've seen this movie before" intuition, weeding out both false positives and negatives.
Beyond analysis, every deal has seven gates that must be navigated successfully in a multiplicative system.

A little experience in each eliminates obvious mistakes and dramatically improves odds, but getting experience in each successive gate in increasingly more difficult.
Spend the first year sowing seeds, building relationships, seeing a lot, and sharpening your thesis.

Second year is for getting lucky, or getting frustrated. You'll lose at least one deal on the finish line and start over.

By the third year searching, you're ready to invest.
And if you navigate the acquisitions gauntlet, now your previously honed skills are irrelevant. Company operations require an entirely different muscle memory, hence, as @AliBHamed said, repetition matters.

More tips:…
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