Surviving My Own Business-Buying Nightmare by Ted Leverette

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You’re going to hear how I barely survived my own business-buying nightmare. My first acquisition, more than 30 years ago.

I didn’t know how to begin, so I proceeded as if I knew what I was doing. Apparently, I didn’t. Because within a month of buying the company I discovered I’d been defrauded. It took a year to unwind that dumb deal and to achieve legal recourse against the perpetrators. And all along I was trying to figure out how to buy the right business the right way.

And then I set out to buy another business. One that would provide a good return on my investment. And then I hit the wall. I could not find worthwhile opportunities. So, I wasted another year searching . . . trying to figure out how to prepare myself and then find the right business to buy. Over the years, after having stakes in 28 worthwhile SMBs, I’d had enough. Consulting was next.

That’s when I coined and trademarked my unique consulting niche: Business Buyer Advocate ®.


BTW, only once was I the owner/manager of any of those small companies. That one management job was enough for me. Thereafter, only businesses having managers were in my portfolio.


Ted Leverette enables buyers of profitable small and midsize businesses in the USA, Canada, Australia and the U.K. to be the 1st choice of brokers and sellers, which results in more-profitable done deals sooner with less aggravation at lower cost. How? Read his how-to books. And then let him help you deploy proven best practices.

Ted J. Leverette, The Original Business Buyer Advocate ®
Searcher and Transaction Advisory:
Prepare-Search-Offer-Buy

(Not a business broker; never have been.)

“Partner" On-Call Network, LLC
partneroncall.com

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#ted_leverette #business_buyer_advocate #buying_a_business #searching_for_businesses_to_buy #business_valuation #searchfund #business_broker #how_to_buy_a_business #business_buying_mistake

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