Chapter 4: Cost of your search

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  • can take a lot of time and money
  • success depends on judgment and luck
  • market is opaque and fragmented
    • sellers may not like announcing sale in case customers and employees leave
  • biggest cost can be lost wages, benefits and health insurance while you search
  • legal fees
    • forming a company first signals you are a serious buyer
    • also keeps finances of the search separate from personal finances
    • LLC is best
  • broken deal costs (when deals fall apart)
    • the later the process the higher the cost
    • half of deals fall apart

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  • 5 months ago by vince