How to Shorten Your Search to Buy a Business | Sam Rosati Interview

Sam Rosati, Will Smith, 51 minute video

Video from Acquiring Minds. Watch on YouTube.

What you'll get

Sam Rosati, who runs a paid bootcamp for people buying small businesses, explains a framework of three big criteria, where, how big and what industry, and two personal ones, how you'll finance a deal and who will run the business once the owner leaves, including how to test whether a seller is really hands-off. He says you can be narrow on two of the three big criteria but not all three if you want enough deals to look at, so use it to write your buying criteria before you spend months on listings.

Do this week

Write your three big buying criteria, the area, the size of business in yearly profit and the industry, and mark the two you'll hold firm on and the one you'll loosen.