Over his career, Tom Malloy has advised hundreds of entrepreneurs considering launching a search to buy a small-medium business. Here are a few of the toughest questions every prospective searcher should ask themselves.
- "Have you managed people at varying levels of education and age groups?"
- "Can you make timely decisions with limited resources?"
- "Are you intrinsically satisfied and motivated to be an independent SMB entrepreneur?"
- "Do you have the capital to fund your search and acquisition costs/equity?"
For more questions to ask yourself before beginning your search, read the rest of Tom’s article on Medium.
Equire is a marketplace for entrepreneurs to find and invest in traditional SMB's with $700k to $7m EBITDA. The Equire DealSource service helps Entrepreneurs find companies to acquire and operate, and the Equire DealFund service then helps entrepreneurs efficiently obtain capital from accredited investors to close their acquisition. For more information please visit equire.co or email firstname.lastname@example.org.