11/05- 4:44 Dealmaker's Digest Newsletter

Ever feel like buying a business means rolling the dice?

Here’s the truth: most people jump into deals without a clear framework, hoping for the best—and that’s exactly how they end up with duds. To lock in solid business buys, you need a system that cuts through the noise.

I use my TORSCE™ Rating Scale to focus on deals that bring in real returns. If you’re serious about making smart buys without wasting time, check out today’s post to learn my exact six-point approach. 🌱💰

4 Thoughts to Kickstart Your Day:

1. Time is Priceless: Every business opportunity takes time. Make sure the return is worth every hour invested.

2. Opportunity Cost Counts: When you say “yes” to one deal, you’re saying “no” to others. Choose wisely.

3. Risk Isn’t the Enemy: Risks are there to be managed, not avoided. Know your boundaries and work within them.

4. Skills Matter: Knowing the business is key, but having the right team is just as critical. Aim for strengths all around.

4 Lessons Learned:

1. Think Cash Flow First: A business without cash flow is a money drain. Prioritize deals that bring in cash fast.

2. Start with the End in Mind: Every buy should have a clear path to profitability or an exit. Focus on the future payoff.

3. The Right Fit is Everything: Evaluate how well your skillset aligns with the business. Gaps are fine if you have the right team to fill them.

4. Keep It Simple: If a business looks complicated, it probably is. Look for clear, straightforward opportunities.

4 Challenges to Conquer Today:

1. Assess Your Time Investment: Look at your current opportunities and evaluate the time each one demands. Are they worth it?

2. List Your Skill Gaps: Identify any missing skills for a successful acquisition. Who can you bring in to fill those gaps?

3. Set Cash Flow Goals: Define your ideal cash flow from any potential deal. If it doesn’t hit the mark, move on.

4. Evaluate Exit Potential: Think about the endgame for your investments. What’s your plan for growth or exit?

Quote of the Day

"Risk comes from not knowing what you’re doing."

- Warren Buffett

Master your approach and make today’s deals the foundation for tomorrow’s success.

Until Tomorrow,

Mark Evans DM

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