I am curious if there are many folks on this forum that are experienced in acquiring existing businesses. I have reviewed the mainstream Business for Sale websites but find the offerings leaving much to be desired. Any ideas on good ways to find local businesses that are up for sale?
My thoughts on a possible plan of attack: Brainstorm a list of local businesses that I would consider owning. Design a plan to start cold calling the business owners. I will have to be resourceful on getting in touch with the owners. Rank the businesses and start with the least desirable businesses first as practice for my cold calling pitch. I will expect that they don't initially want to sell, but I am simply planting the seed. Perhaps with time the seed will grow, and they will eventually contact me to continue the discussion.
I hope to have more time to explore this avenue in the future as I have been thinking that acquiring a good business that has good growth potential may be what I need.
Please share your thoughts or experiences on this topic.
My thoughts on a possible plan of attack: Brainstorm a list of local businesses that I would consider owning. Design a plan to start cold calling the business owners. I will have to be resourceful on getting in touch with the owners. Rank the businesses and start with the least desirable businesses first as practice for my cold calling pitch. I will expect that they don't initially want to sell, but I am simply planting the seed. Perhaps with time the seed will grow, and they will eventually contact me to continue the discussion.
I hope to have more time to explore this avenue in the future as I have been thinking that acquiring a good business that has good growth potential may be what I need.
Please share your thoughts or experiences on this topic.
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