About This Blog
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Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, business brokers, and agents. Mr. Siegel can be reached directly by phone at (925) 830-3447. |
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This Blog contains observations, tips, news, events, and case studies relating to selling or buying a small business. |
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This Blog is ideal for business buyers, business owners, advisors, business brokers & agents. |
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Opinions expressed on this site do not necessarily represent those of USABizMart. |
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Opinions expressed here do not constitute legal advice. Those interested in specific guidance for legal matters should seek competent professional advice. |
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10/21/05

I Should Have Listened To That "Little Voice"

We all have this little voice in our heads that tells us when we should do something and when we shouldn't. I'm not talking about schizophrenia or your mother. I talking about the sum of your experience.
This week I ignored my little voice and now here I am disappointed and disheartened. Once a upon a time we had a deal that was going so very well.... we had a signed offer both ways 3 days after posting the listing. I have a great seller who has done a great job on the books and records (we all know what a rare find that is!) So when the buyer said he wanted his accountant to see the balance sheet 24 hours before the meeting we were suppose to have to review all the books, my little voice was screaming "don't do it!!! It always ends badly!
Then it must have been another voice that was full of confidence in the balance sheets, that said sure we'll fax them over. Just like in every other scary movie you know what happens next, the dreaded email canceling the offer. I am aggravated at the buyer but more at myself because I know better. I am consoling myself by saying that he probably would have pulled out anyway. He didn't even give us the courtesy to explain so he couldn't have been serious about buying in the first place.
Regardless, like any other player in the game of life I am upset about my bad move and I vow to not repeat it! Comments & Advice From Peter:I hope you had back up offers! That little voice is a very powerful part of the process. No matter what the situation - good or bad - always have back up offers until the deal closes.• Technorati • del.icio.us • Digg It • Furl • ma.gnolia • Spurl • Yahoo MyWeb
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