Acquiring Minds From Stalled Search to $750k SDE: The Power of Speed
19 snips
Jun 26, 2025 Grania Michael, owner of Associated Photo and Imaging and a family business veteran from Ecuador, shares her captivating journey from searching for a business to acquiring a commercial printing company in Miami. She emphasizes the importance of speedy decision-making, completing a deal just weeks after refocusing her strategy. Grania discusses the emotional highs and lows of business acquisitions, the power of personal connections, and her desire to create a lasting legacy for her daughters.
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Protect Search Privacy Early
- Keep your business search confidential if your circle might discourage or mislead you.
- Share your progress only with trusted, supportive entrepreneurs to maintain motivation and protect mindset.
Speed Changed Everything
- Grania shifted from sending one LOI a month to sending LOIs daily after a friend pressured her to close quickly.
- This mindset change sparked rapid action and eventual deal success.
Equity Used To Retain GM
- Instead of seller notes, Grania gave under 20% equity to the seller's daughter to incentivize her retention.
- The equity vests over five years with milestones, ensuring commitment without personal financial risk for her partner.
