Advice on First Conversation with Potential Seller After Proprietary Outreach?

June 30, 2025
by a searcher from University of California, Los Angeles - UCLA Anderson School of Management in Santa Monica, CA, USA
Just what the title says. Began proprietary outreach - have a couple meetings on the docket. Potential seller and I have some overlap in backgrounds/interest etc. Wondering if anyone has any good initial strategies and how to approach these initial conversations. Appreciate any advice!
from University of Edinburgh in Boise, ID, USA
from St. Cloud State University in Sheridan, WY 82801, USA
1. Don’t treat it like a pitch. Ask open-ended questions that pull out their “why now.” Most sellers have a quiet reason they’re taking the call you want that revealed, not resisted.
2. Anchor to legacy early. One phrase that shifted the tone for us:“If we go down this path, I want you to feel proud of how your name lives on after the transition.”That instantly reframed us as legacy stewards, not opportunists.
3. Make it personal, not performative. We had some shared background with the seller too. Rather than over-index on that overlap, we used it to build trust e.g., “Feels like we both saw the same problem from different sides.”
4. Follow-up as a partner, not a suitor. After the call, send a note that recaps key emotional beats and next steps. Keep it short, but signal clarity and care. You’re setting precedent for how this deal will run.