This dude looks at 3000+ businesses a year.
And narrows down which to buy often in 30 seconds...
A 𧡠featuring my new homie @SievaKozinsky DD process:
And narrows down which to buy often in 30 seconds...
A 𧡠featuring my new homie @SievaKozinsky DD process:
How to go from 3,000 -> 1,000 deals
Narrowed down by looking quickly at these 4 things..
Know your parameters = save your time.
- Type of business
- Cashflow amount
- location
- profit
Only 1-3 hits those amounts rest.. (30sec review)
Narrowed down by looking quickly at these 4 things..
Know your parameters = save your time.
- Type of business
- Cashflow amount
- location
- profit
Only 1-3 hits those amounts rest.. (30sec review)
1,000 --> 500
- Financials (learn how to spot a healthy biz is largely in the #'s)
Oh, they're a mess & you're actually not profitable.
Bye (less than 30min to review)
- Financials (learn how to spot a healthy biz is largely in the #'s)
Oh, they're a mess & you're actually not profitable.
Bye (less than 30min to review)
500 --> 150
Let the market do the work for you.
Brokers can be AMAZING or the absolute WORST.
Don't chase.
- Ping the broker, get no responses or not helpful responses
Adios.
Let the market do the work for you.
Brokers can be AMAZING or the absolute WORST.
Don't chase.
- Ping the broker, get no responses or not helpful responses
Adios.
200 --> 100 - ONLY HERE ARE YOU TAKING CALLS.
Broker call, not the right or enough info.
(60min)
Broker call, not the right or enough info.
(60min)
100 --> 70 - INSERT OWNER CONVOS
Broker call
Owner call
Not right deal structure, owner, valuation etc
(90-120min)
Broker call
Owner call
Not right deal structure, owner, valuation etc
(90-120min)
70 --> 40
Meet owner, took to near LOI, lots more diligence
(this is where the hours actually start to compile)
Meet owner, took to near LOI, lots more diligence
(this is where the hours actually start to compile)
40 -->
Actually, take these bad boys to LOI
For every 5 LOI's put out 1 closes.
That's how you review 3k businesses a year and up buying 5-10.
Actually, take these bad boys to LOI
For every 5 LOI's put out 1 closes.
That's how you review 3k businesses a year and up buying 5-10.
TLDR:
You have to see a lot of BS to find the good ones.
Make it fun (you're a detective), and do it efficiently.
If I messed anything up it's my fault not @SievaKozinsky
He's smart - worth a follow.
You have to see a lot of BS to find the good ones.
Make it fun (you're a detective), and do it efficiently.
If I messed anything up it's my fault not @SievaKozinsky
He's smart - worth a follow.
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