Why Rushing Can Lead to Regret in Business Acquisition
Buying a business is never as easy as it seems (even in a buyer’s market).
Before I started working with a client who was buying a franchise, she thought she had done all her homework. She negotiated great terms with the franchisee. But she had overlooked the entire process of approvals from the franchisor, including a franchise agreement and disclosures.
She was ready to rush through it all just to meet the closing deadline, but I urged her to take a step back and make sure she wasn't missing anything important. And she needed to really understand this new relationship she was about to enter into with the franchisor.
Let's face it, there is always more to buying a business than meets the eye. It’s not like swiping right on Tinder. Sometimes it pays to slow things down and make sure you're making the right decision.