Avoiding Fatal Cases of “Business Buyer Fever”
Ted Leverette The Business Buyer Advocate
For decades: Helping people find and buy the right businesses the right ways. Avoid dumb deal. Make good deal. Everybody happy. OH YEAH! (I'm not a broker.)
“Business Buyer Fever” (a sometimes condition) that I coined decades ago.
It characterizes people seeking businesses to buy. They’re propelled by restlessness and excitement as they anticipate buying the right businesses the right ways. And that’s well and good unless they are hobbled with buyer fever (especially the fatal kind).
When buyer fever humbles us, let's hope we can find greater fools to take our losers off our hands.
What about Buyer Fever?
You need to be hot for a business, but it can kill you if you get too hot too soon and for the wrong reasons. You’ll know when your fever is dangerous. It’s when you cross the threshold of being a calculating person to thinking you must have this business; let’s get this deal done!
It's okay to be excited. If you're not, you're probably examining the wrong business.?
But buyer enthusiasm isn't enough. It can lead to a fatal case of buyer fever. We tell buyers to be careful if they act on what they think they know, because they can make big mistakes if they are wrong or if they don't know everything that they should know about purchasing a business.
“Death” from business buyer fever occurs when a buyer wants a particular business so badly that common sense goes out the window. Even people who know what to do sometimes do the wrong thing, especially if they have a bad case of buyer fever.
Believing “I’ll know it when I see it” causes sellers and brokers to view you as being unprepared. The window-shopping search tactic encourages buyer fever.
Many mistakes that buyers make are errors of omission, not knowing what to do. Even people who know what to do sometimes do the wrong thing.
What can cause a fatal case of buyer fever?
Symptoms include:
Business buyers who know how to search for winners don’t worry about losing acquisition opportunities. Worthwhile deals are like buses; more will be by soon.
I am the Original Business Buyer Advocate ?, and I can improve your marketability to business sellers, brokers, investors, and others. And then show you how to find and buy the right businesses the right ways.
Email me from my website, https://partneroncall.com/. Or, DM me on LinkedIn.
Why me?
For decades, worldwide, I’ve evaluated, trained, coached, and advised searchers and buyers on the basis of hundreds of done deals. My colleagues have shared information about thousands of searchers and dealmakers.
领英推荐
Not sure?
Watch this:
Read this:
Preview my books:
21st Century Entrepreneur Ideas for Kids and Aspirational Adults (Complimentary)
How to Get ALL the Money You Want For Your Business Without Stealing It (USA and Canadian versions.)
Ted J. Leverette
The Original Business Buyer Advocate ?
“Partner” On-Call Network, LLC
Each Office Independently Owned & Operated
#acquisitions #bestadvice #business #businessbuyeradvocate #businessintelligence #businessowner #businessvaluation #careers #cashflow #consultants #corporatefinance #duediligence #employees #entrepreneur #entrepreneurship #hiring #hr #humanresources #jobsearch #legalissues #management #mergersacquisitionsdivestitures #smallbusiness #smallbusinessowners #sme #startups #success #tedleverette
For decades: Helping people find and buy the right businesses the right ways. Avoid dumb deal. Make good deal. Everybody happy. OH YEAH! (I'm not a broker.)
1 年In case you did not get my eNews: https://lnkd.in/ebP5MyF8? The lead topic: The Most Common Ways Business Sellers Trick Buyers Dozens of them, any one of which can result in big gains or losses, depending upon your position on the dealmaking field. This is the first time I’ve shared this information outside my clientele and the 298 professional advisors I’ve trained to better-serve buyers and sellers of SMBs. ? Please click “Join Our Email List” appearing upper right on my eNewsletter.