They are known in the industry as “tire kickers”. The thrill of becoming an entrepreneur is strong in most of us, but once people begin the process of reviewing acquisition targets, very few ever take the next step. That is where this program comes in.
As a Tech & Internet focused business brokerage, we are in the business of finding strong buyers for our sell-side clients, who are frustrated with the “tire kickers”. Wanting to help people fulfill their dream of business ownership, we became determined to learn what prevented people from buying a business, and to find a solution that turns tire kickers into entrepreneurs.
Our research found that there are a number of factors that contribute to this tire kicking phenomenon, including a lack of personal funds, an inability to achieve meaningful financing, a lack of knowledge in the M&A process or in running a business (operationally and/or financially), and the big one: the fear of failure.
The solution that we have found to be the most meaningful and lasting is connecting two or more buyers together that might otherwise be tire kickers, and turn them into business partners! It is much easier to buy a business when partnering with another buyer. Buying a business with a partner is a great way to help ensure success, and there are many benefits to joining forces to acquire and operate a business with another person. Since all of the companies we sell are in the technology, eCommerce, and digital space, there is no need for people to be located in the same cities, states or even countries as their new business.
We help buyers find their business partners in 3 ways.
This service is available exclusively for our Buyer’s Club members!
Welcome to the Business Buyer Matchmaking Platform, the perfect place for buyers to find their ideal business partner!
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We know that finding the right person to partner with can be a challenging task, which is why we have created this matchmaking platform to make it easier for you to connect with like-minded buyers and achieve your business goals!
By partnering with another person when buying a business, you can benefit from shared knowledge, expertise, and resources. You can also reduce risk and increase your chances of success by pooling your resources and spreading the workload. A good partnership can also bring fresh ideas and perspectives, and it can make the journey more enjoyable.
Our platform is designed to help buyers find and match with business potential partners quickly and easily. Once you sign up, you can create a profile and search for other buyers who have similar goals, interests, and preferences. This profile acts as an online resume that can help potential partners get to know them better and assess whether they are a good fit for a partnership. In addition to basic information such as name, location, and contact details, buyers can add information about their industry experience, educational background, investment goals, and skills. They can also highlight any specific industries or business models that they are interested in, as well as any deal structures or financing options they prefer. Just like on a dating website, the more detailed and accurate your profile is, the better your chances of finding a great match.
Buyers can use our platform to learn about potential partners before initiating contact. You can browse through the members, match with them, chat with them, and explore potential partnership opportunities. Our buyer library offers a wealth of information about each buyer, including their investment history, past deals, and success rates. Buyers can use this data to evaluate potential partners and identify those who are most likely to be a good fit.
The benefits of using our platform to match with other business buyers are numerous. You can save time and effort by using our advanced search algorithms and matching tools. You can also tap into a wider pool of potential partners and increase your chances of finding the right person. Plus, you can rest assured that all the buyers on our platform are serious about finding a partner and are committed to making a success of their business venture.
Once you find a match – you can rely on the experience of our team of senior business brokers to ensure a smooth networking experience. Our senior brokers host a series of video conferences to encourage discussion between you and your potential partner in a professional setting, ensure that all the right questions are asked, determine if the partnership is truly a match, and help you take the next step of ultimately buying your business.
The Business Buyer Matchmaking Platform is the perfect place for buyers to find their ideal business partner. With our user-friendly matchmaking platform, you can easily discover, match, and chat with potential partners. By partnering with another person when buying a business, you can reduce risk, increase your chances of success, and enjoy the journey more. So why wait? Sign up today and start your acquisition journey!
Meet your partner at our partnership event!
Our three-day Business Buyer Partnership Cohort Event is an excellent opportunity for those looking to find, connect, network, and meet with their potential business partners, as well as learn from keynote speakers and industry experts during our mastermind sessions. This event also allows buyers to interact with our sponsors, who are all eager to showcase their services to help you form your business partnership and acquire your first (or next) company.
Overall, this networking event provides an excellent opportunity for business buyers to learn, engage, and find their potential business partners. Attendees will leave the event with a better understanding of the market, valuable connections, and potential business partnerships. This event is an excellent investment for any business looking to grow and expand its network.
Success may come more easily with access to other skills, more knowledge, and more day-to-day support. Partnering with another buyer means you gain their experience, expertise and knowledge, and they can give you access to a wider range of expertise for different parts of your business. A good partner will also bring knowledge and experience you may be lacking, or complementary skills to help you grow the business. Your partnership will help two parties bridge the gaps that exist in your solo operations.
Partners may have access to capital resources that you do not and are able to help fund the operations better, and can bring an infusion of cash into the business. This is important as many companies fail because they don’t have strong financial resources to maintain operations and grow. The right business partner may also enhance your ability to borrow money to finance the growth of the business. Also, partners can help owners access more financial capital, too. If you choose a partner with cash on hand to invest in the business, you can avoid taking on costly loans or leveraging your assets, two options that introduce expense and risk.
A business partner may have more strategic connections than you do. This may help your company attract potential investors and raise more capital to grow your business, as well as key industry professionals that will allow your new business to succeed.
It takes money to run a business, and a partner helps meet those cost demands. Partners are able to share the expenses, which means that you won’t bear the costs all on your own. Sharing capital expenditures is a great advantage of a partnership and allows both parties to keep more of their personal funds. You won’t have to take on the operating risks, financial burdens, and capital expenditures needed to run the business all by yourself. This could result in more substantial savings than by going it alone.
One of the advantages of having a business partner is sharing the labor. When working on your own, you have to choose where to place your time and energy. This means that you will have to run the business all by yourself and you may have to work overtime. But when duties are shared among partners, there is a better ability to increase productivity and pursue new opportunities. By sharing the labor, a partner will lighten the load for you.
Having a partner may make you more productive, and it may afford you the ease and flexibility to pursue more business opportunities. It might even eliminate the downside of opportunity costs, which are potential advantages or business opportunities that you may be forced to let go while you pursue other avenues. After all, as a one-person band, you have to decide where you choose to focus your time and talents. A partner who shares in the labor may free up time to explore more opportunities that come your way.
Having a partner means that you are not doing all the work alone, and can allow you to take time off when needed, knowing that there’s a trusted person to hold down the fort. This will have a positive impact on your personal life and will allow you more time at home. This means that you can reduce the number of hours spent on the job because you know that the work is getting done. Partnerships can allow you to create a better work-life balance.
Building your community and your team is very important. Everyone needs to be able to bounce off ideas or debrief on important issues, or share successes when they arise. We may need moral support when we encounter setbacks or have to cope with work and everyday frustrations, or we may want to celebrate after having achieved a goal. Running a business on your own can be lonely, and as an individual, you probably won’t have a reliable ‘sounding board’, a fellow industry professional who can give you feedback and support. Having a trusted partner means that you have someone on your team with you who can be a valued business companion. This person can be a great source of strength and an outlet for venting on bad days, and also gives you someone to share in successes with. Knowing that you’re in it together can also ease the stress one feels when starting a business.
Look for a partner who offers a different perspective than what you currently have to be able to tackle problems in a new way. It’s easy to have blind spots about the way we conduct our business. A partnership can bring in a set of new eyes that can help us spot what we may have missed. It may help us adopt a new perspective or gain a different outlook about what we do, who we deal with, what markets we pursue and even how we price our products and services. They can inspire us and even move us from apathy, or the status quo, to the exhilaration of exploring new possibilities. We cannot attach a price on everything and inspiration is one of these intangibles that may be priceless.
Choosing a partner is a very important process! The partner you choose should have skills, experiences, connections, or resources that will benefit your business. You should also be confident in that person’s abilities to team well and execute plans to achieve important goals. Lots of people who think of partnering bring in a family member or close friend because they trust their close circle of connections and know their strengths, abilities, and limitations intimately. However, you should most likely AVOID partnering with family or close friends because of the potential for fallout if business decisions go awry.
Finding a compatible business partner requires an extensive analysis of someone’s skills, expertise, personality, professional goals, and much more. That’s why we have formulated our proprietary buyer matchmaking service available to you as a Buyer’s Club member! We take care of the entire partnership process by intaking critical information about you and other interested buyers, allowing our algorithm to find compatible partners that will meet your needs, then facilitate introductions as well as the partnership agreement once you’ve found a compatible and preferable match.
The most successful buyers have a large network of industry professionals, mentors, and institutional partners to lean on. When you attend our annual Partnership event, you will build a community that helps you close the deal. Enter your information below to receive updates about our upcoming mixer!
Thank you for your interest. We're happy to help in your acquisition search.
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