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Additional info for Business buyerʼs kit: everything you need to know to find, buy, and finance a business for $500,000 or less
If you wish to be a hunter, then the following chapters will teach you a systematic approach to doing so successfully. Page 23 2 The Search Begins "Finality is death. Perfection is finality. " JAMES STEPHENS Page 24 Could you imagine major corporations on the acquisition trail conducting a search in a haphazard manner? What sense would it make for you to conduct your search haphazardly? A methodical approach that begins with an assessment of your personal key criteria and devises a strategy to meet them is the only appropriate way in which you should plan a search.
Alongside the many legitimate types of entrepreneurship lies a gray area that skirts the boundaries of law and ethics. Our capitalist system has produced various moneymaking schemers that lurk in the shadows of fair business practice. The boldest examples of these operators have dreamed up "snake oil" remedies or suckered unsuspecting would-be entrepreneurs into their self-serving pyramid schemes. It's a sad truth, but opportunity also tends to accentuate the lowest form of opportunism. Page 9 The very basis of this book lies in the fact that I've personally been the victim of shady operators.
Smith: Kindly allow this letter to serve as an introduction. My name is John Jones, and I am an executive who is seeking to fulfill a life-long passion to develop a business in your industry. After a very confidential primary investigation, I have identified your company as an ideal vehicle for the fruition of my dreams. I have significant financial resources and management skills that I firmly believe are sufficient to support an acquisition bid for your company. I recognize that there must be many facets of your business and its operating environment that are not plainly obvious to outsiders.