Emotions Run High When Buying A Business

As you know I have been trying to buy a business for quite a while now, and I am here to tell you, I could have donated some bodily organs by now, and I am not finished with due diligence yet!

This is just to explain how hard this process is...This business we are buying was identified by me 3 months ago to be a business we can quire based on very strict evaluation criteria. We started by filling out NDA to the business broker and moved on to look at the business closer and closer, at every step of the way we faced very emotional situations that we were not ready for...

For example the valuation of the business was so emotional to the seller that he pulled out of negotiations 3 times, and yet we keep coming back to the same point "How much is the business worth?". I can tell you that I have yet to come across a formula that can be applied straight forward with out any arguments by banks or the seller or me for that matter... The quest continues as of this moment of writing in this blog...

After 3 weeks of no communications between us and the seller, I broke down and called the brker to find out if the business was sold yet...Guess what he is still not sold! So we begin this process all over again, I will keep you informed...