Great article in Frobes on how to buy a business.
ou want to buy a business. Great. The first thing you need to do is stimulate deal flow. It’s a three-step process:
Meet with credible corporate finance teams and business brokers to help guide you through the process. If you don’t know any, query your network for recommendations. If there are specific targets you want to solicit, it’s best to use a third party to initiate contact.
Follow up on leads. There are often more buyers than sellers. If you have come across targets in the past who have expressed an interest in selling, have your advisers check back with them.
When talking to players in the sector you want to buy into, let them know your growth strategy involves acquisitions.
Read the full article here Forbes article
Business Broker LA
Business Broker Los Angeles