The Saga of Buying a Business
Monday, August 3, 2015
Daily Mantra
This is the opportunity of
a lifetime.
I am going to do whatever
it takes to buy this company.
I am going to turn this 10
million dollar company into a 20 million dollar company within 3 years.
I can see, and feel, and believe I have already accomplished
this.
For those who doubt, or for
those private moments of self-doubt, I offer these words from Teddy Roosevelt:
It is not the critic who
counts; not the man who points out how the strong man stumbles, or where the
doer of deeds could have done them better.
The credit belongs to the
man who is actually in the arena, whose face is marred by dust and sweat and
blood; who strives valiantly; who errs, who comes short again and again,
because there is no effort without error and shortcoming; but who does actually
strive to do the deeds; who knows great enthusiasms, the great devotions; who
spends himself in a worthy cause; who at the best knows in the end the triumph
of high achievement, and who at the worst, if he fails, at least fails while
daring greatly, so that his place shall never be with those cold and timid
souls who neither know victory nor defeat.
This is the opportunity of
a lifetime.
I am going to do whatever
it takes to buy this company.
I am going to turn this 10
million dollar company into a 20 million dollar company within 3 years.
I can see, and feel, and believe I have already accomplished
this.
What was I thinking????!!!!!
That's right... What was I thinking? Buying a business - or more accurately - financing a business purchase is very difficult. I was very naive thinking it would be easy. I mean, shoot, if I need $1.25 dollars for a real estate deal, 4 or 5 phone calls, MAX, and I've got it. Of course I have been doing real estate for 30 years and have always made my clients money. But an equipment sales and service company? I might as well be selling Amway. I have pitched it to 84 people so far. And as of this morning, am not halfway to the $1.25 million goal.
I gotta get better at this!!!
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