The Myth of the Perfect Deal

If you are searching for the perfect deal for your first or next business acquisition, you are going to be searching for a very long time. 

One of the biggest mistakes I see investors make is overanalyzing and overthinking every deal brought to them, ultimately missing out on it in the end. 

A perfect deal doesn’t exist. And it shouldn’t. The best deals are rarely the cleanest on paper. They have quirks and imperfections. Those are the deals you should be considering because when you aim for perfection, you are not going to win.

What's Holding You Back?

I see so many investors looking for a unicorn. A business with a low price, high cash flow, no debt, perfect employees, zero risk, and instant ROI. Sounds perfect, right? Well, you are not going to find that. 

Many investors will struggle with decision paralysis during the search period, as they are nervous about taking on a business with imperfect employees and potential debts. This paralysis could hold you back from success. 

Business acquisition comes with a level of risk at the very start. You can’t avoid it. If you try to avoid it, you will never invest in a business. It’s time to stop holding yourself back and take a leap of faith.

The Cost of Hesitation

Every month, when you're on the search for perfection, you're delaying your first move and losing out on potential income and success. Perfection is the enemy of profitability. 

If you run at the first sign of imperfection, you could be missing out on a million-dollar company. Businesses come with their quirks, and if you plan to be a business owner, you must be prepared for whatever they might be and tackle the risk head-on. 

Why Your Focus Should Be on Cash-Flowing Assets. →

My Tips on Acting Fast (But Calculated)

Decision paralysis can be the death of amazing future investors and entrepreneurs. Don’t let that be you. 

1. Gut First, Data Second

If the business type, industry, and owner's story “click,” it is time to make a move. Your intuition can be the best leader, but of course, let numbers confirm.

2. Understand the Downside 

Don’t let the risk stop you. Take the time to understand the risk and ask yourself, “Would I survive this?” and make decisions based on your own risk calculations. The best deals come with a little risk. 

3. Focus on What Matters

Choose metrics that matter to you. If you are taking in every ounce of data, you are likely to become overwhelmed and lose sight of the bigger picture. You want to focus on metrics that align with your personal goals.

Remember, You Don’t Have to Take Your Journey Alone. →

Find Perfection in Imperfection 

The perfect deal doesn’t exist. It is time to accept that. So, you must find perfection in imperfection. Shifting your perspective from “all risk is bad risk” to “some risk is beneficial to the big picture” can open up so many possibilities in your investment journey. 

The best way to start this mindset shift is by holding yourself to your goals. For example, setting a 90-day acquisition goal where you pick a target industry, define your deal filter, and commit to submitting one LOI can get your momentum going. You can always walk away, but it is best to start rather than stand still. 

This mindset can also be honed with the help of a business or acquisition advisor. You don’t have to walk your investment journey alone, and getting support and guidance from someone who has been in your shoes can be a great way to keep you moving forward. 

It’s time to let go of the idea of perfection and embrace an imperfect deal.

Do You Need Help Deciding if the Deal Is Worth It?  

Let's Connect and Check It Out Together! →