What do you wish you had learned before launching?

by a searcher from The University of North Carolina at Chapel Hill - Kenan-Flagler Business School

5 years ago

If there was one thing you had wish you had learned or studied before launching your search - what is it?

39 likes
318 views
12 comments

professional from University of Southern California

Learn how to do it before trying to do it.

5 years ago | like reply | 0 likes

searcher from University of Pennsylvania - The Wharton School

1) Know your own strengths and weaknesses - look to partner with those who are strong in areas in which you are weak. If your target business needs functions that aren’t strengths of yours, then ensure the business has the resources (read money) to hire people who can provide those functions.

2) Growth is much harder than it seems... and much more expensive and it will likely take longer than expected (or desired).

3) This doesn’t apply to all situations, but as a buyer you have way more power in the negotiation than you might think.

4) The less existing ownership is doing in the business, the better, because it means systems are in place to run basic functions.

5 years ago | like reply | 5 likes

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