Description
One of the biggest mistakes buyers make is assuming everyone at the table is invested in the success of the deal.
They're not.
Some firms are built around collecting fee after fee throughout the acquisition process—consulting fees, diligence fees, retainers, administrative costs, and more. By the time you finally get to the closing table, you've spent thousands... whether you own the business or not.
A good deal should create value—not drain your capital before you've even taken ownership.
Before you sign anything, ask one simple question:
"Who gets paid if this deal never closes?"
The answer will tell you a lot.
@TheJoshTolleyChannel.
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