Acquiring Minds 7 Common Mistakes Across 250 Searchers
16 snips
May 23, 2022 
Chelsea Wood, Managing Director of the Acquisition Lab, draws from her experience with over 250 business buyers to reveal common pitfalls faced during acquisitions. She discusses the dangers of striving for expertise in every aspect and the paralyzing need for excessive information. Chelsea highlights issues like imposter syndrome, the importance of branding, and the challenges of a rigid or desperate mindset. She emphasizes the critical role of community support and flexibility in navigating the acquisition landscape, particularly for women entrepreneurs.
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Outsource Due Diligence Expertly
- Avoid trying to master due diligence yourself, especially financial due diligence.
- Instead, build a skilled team to trust for thorough, expert due diligence.
Information Overload is a Trap
- Excessive information gathering is a safety mechanism, not a solution.
- The real risk lies within yourself, not in missing external information.
Imposter Syndrome Blocks Buyers
- Imposter syndrome is common among searchers who doubt their qualifications.
- Building clarity and confidence through the lab helps overcome this self-doubt and enables action.
