Saying this is like offering garlic to vampires:
October 31, 2024
by a professional from University of Southern California - Marshall School of Business in North Palm Beach, FL, USA
"I'm AGNOSTIC. Any kind of business will do!"
I'm going to FAIL-SAFE that kiss-of-death situation, because too many searchers regret saying it. Usually too late. It's a major reason why most people setting out to buy a business don't. Frustrating themselves and everybody they encounter until searchers finally give up or are ignored by people they need to UPFRONT favorably influence.
HEY, IT’S HALLOWEEN!
Not wanting to scare too many of you, I’m not mentioning how sellers, brokers, and wannabe buyers are perceived to be werewolves or (AGHAST) zombies.
- Learn proven ways sellers look for trouble when approached by self-declared “buyers.”
- And how otherwise qualified buyers get past the objection from sellers, brokers, lenders, and others: “You’ve not managed a business like the one you say you want to buy. Come back when you have.)
DO THIS NOW OR BE SCARED LATER. (It’s a Searchfunder event.)
https://us02web.zoom.us/meeting/register/tZApde-ppzgpGtMSF97mY24INP-VQh9RuAnY
BOO
from United States Naval Academy in Sherman Oaks, Los Angeles, CA, USA
In business networking, you learn to be specific when asking for referrals in order to trigger a clear picture in people's mind of what y0u're looking for. If you say you're looking for any business, the field of potential prospects is too large for anyone to wrap their mind around. If you express that you're looking for an established medical device manufacturing firm in SoCal with a retirement-aged owner, you'll be much more likely to get a hit, assuming you're networking in the right places.
At the very LEAST, break your selection criteria down to service-based companies, distribution businesses or manufacturing companies, but even that is probably not specific enough. "I'm looking for a service-based business in the tri-city area that caters to single-family homes and small apartment buildings, such as painting, roofing, gutters, cleaning, HVAC, etc."
Also, a prospective seller is far less likely to sell to an individual who is "just looking for any business" than someone looking to buy their specific type of company. The 'agnostic' remark simply says to a seller or investor that you don't really know what you're doing.
That's not to say that a buyer can't BE industry-agnostic, but expressing that sentiment in public or to a seller is likely going to be counter-productive.
from Biola University in North Tustin, CA, USA