David C Barnett Small Business and Deal Making M&A SMB Part Time vs_ Full Time Search
Jul 2, 2025
Explore the pros and cons of searching for business acquisitions full-time versus part-time. Learn how the experiences of existing business owners can give them an edge in finding new opportunities. Discover the mental and financial challenges buyers face, particularly when desperation enters the picture. Delve into strategic tips for maintaining income while searching part-time and the importance of structured approaches and leveraging relationships in the acquisition process.
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Avoid Full-time Search Without Security
- Avoid quitting your job to search full-time unless you have significant financial reserves or outside support.
- Maintaining income is crucial to avoid desperation and preserve negotiation leverage when buying a business.
Leverage Comes From Financial Flexibility
- Buyers must keep their option to walk away to maintain negotiation power.
- A financial cushion preserves strength and flexibility in deal-making during business purchase searches.
Executive Buys Pizza Shop Out of Need
- A C-suite executive, after losing his job and facing severance expiration, bought a pizza shop out of necessity.
- This illustrates the risk of searching for a business without enough time or financial buffer.
