The best advice you can receive when buying or selling anything of value?
The thing you must always stick to first and foremost?
Do business only with people you can trust.
Your first step is to select someone who understands win-win, someone who insists everyone gains because of the transaction, someone who is happy to deliver on their end of your agreement and won’t slice your fingers off for a short term win at your expense.
Step 1 is always the most important step because without it, you can’t move to step 2, 3 or 4.
That’s why personal reverse due diligence is always essential when buying or selling something valuable.
Remember, you can NOT do a good deal with a bad guy
HERE is a new 10 minute video on how not to get ripped off when selling your firm, which includes the 2 personal due diligence checks you can use to spot “Sam finger slicer”.
Steve, A concept I agree with, its saves an immense amount of time dealing with the right people.
An enjoyable blog, I think you have to be able to trust the people you do business to get the best deal for everyone involved.