When you start your program to purchase your "ideal" company, you quickly realize that your ultimate success will depend on two primary skill sets: 1) Your ability to FIND viable companies that are for sale, and 2) Your ability to effectively qualify the potential acquisition investment once found.
This article is about only step one, how to creatively find viable companies and one's that are able to be purchased.
Assuming you have clearly defined your business purchase criteria and you have decided to pursue only companies that are "officially" for sale, versus attempting to find and contact company owners who might be willing to sell, you will need to explore as many ways as you can to find companies for sale as possible.
As a business buyer you want to use the best means possible to position yourself to get the first shot at your most promising acquisition candidates and to do such in as cost effective means as possible.
Often the more "creative" you are to find deals, the quicker you'll find the "right" deal. The more diverse your means to locate viable companies for sale the better your chances of finding a quality acquisition candidate that few others are aware of.
When you are pursuing acquisition candidates you really never know where your next deal will come from. It could be word-of- mouth, something your read in a newspaper, a visit to a website or a lead from an association meeting. Listed below are a variety of ways you can use to find businesses to buy:
25 Ways to Find Businesses For Sale
* Investment Bankers: Regional, National, International
* Investment Banker websites: Listings of businesses for sale
* Business Brokers: Regional and National
* Business Brokerage websites: Listings of businesses for sale
* Venture Capital Firms: Good referral potential
* Mezzanine Lenders: Regional, National, Always aware of potential deals
* Newspapers: Listings in Local, Regional, National and Industry specific
* Magazines: Listings in Regional, National and Industry specific
* Newsletters: Listings in printed or "Ezines" on the internet ? Industry specific
* Commercial Banks: Many of their clients are considering sale of their company
* Consultants: All varieties, many have extensive practices and many owner contacts
* Associations: All varieties, some are focused just on merger & acquisition activities
* Business Directories: All forms of printed and electronic, many industry specific
* M&A Service Providers: They know who is selling what often on a national basis
* Product Suppliers: Many product manufacturers/ distributors are in the know
* Trade Shows: Walk a trade show in an industry of interest, salesman love to talk!
* Accountants: Many have large practices with extensive business owner contacts
* Professors: Many provide consultative services to business owners or are board members
* Corporate Officers: Especially Corporate Development managers, seeking "spin-off's"
* Bank Trust Departments: Sometimes viable businesses surface in trust situations
* M&A Legal Specialists: Many are in the "crosswinds" of constant deal opportunities
* Networking Meetings: Your local business newspaper publishes many of these
* Technology Licensors: Always aware of companies getting "out" of new technologies
* Directory of Board Members: Board members typically know other board members
* Business Associates: Current and previous business associates and service providers
These "25 Ways to Find Businesses for Sale" are only a few of the creative means you can use to find acquisition candidates. Keep this list and add your own methods once you start your business pursuit program. With today's endless capabilities of the internet, its worldwide reach into various countries, industries and industry participants, there are countless variations for most of the means listed here.
As important about being proactive to locate companies to acquire you need to be as diligent to broadcast and document your specific business purchase interests and purchase criteria whenever and wherever possible. Business owners; individuals, corporations with multi divisions, merger and acquisition intermediaries, private equity firms need to know who you are and what specific businesses you seek to purchase.
This notification effort can be manifested in printed or "electronic" formats. The internet again is the most cost effective means to document your exact business purchase criteria and interests. However, be aware that there are few e commerce sites that specifically accommodate proactive business buyer needs. Most business transaction websites focus on listing businesses for sale, facilitating primarily business sellers needs, not business buyers.
Take the time and effort to research and try all these different means to locate companies to buy. Some will be more productive than others, while some may be more accommodating to your specific business pursuit requirements. You must do what you must to throw away as much hay as you can to get to that needle in the stack!
About the Author:
Mark Smock is President of http://www.business-buyer-directory.com, the FIRST international business buyer directory of its kind. Business Buyer Directory provides a non-traditional means for proactive business buyers to locate businesses for sale worldwide that meet their exact registered purchase criteria.
For many consumers and producers, MSP is an acronym for... Read More
Please take a moment before you read any further and... Read More
Many business start-up kits or consultants will tell you one... Read More
A survey released by the American Institute of Certified Public... Read More
Does the competition drive you crazy?Are they relentless about taking... Read More
1. Attempt Succession Planning Without Other Strategic Plans. Succession plans... Read More
Is there a 'magical' way to exponentially grow your business?It's... Read More
When in doubt, cut that out! Yeah, yea, doubting Thomas... Read More
The first task before hiring a contractor for home remodeling... Read More
The boom of the dot-com era in 1999 brought the... Read More
Growing your own small business can be one of the... Read More
Whether you are seeking capital for your company or are... Read More
GETTING STARTED WITH SUCCESSION PLANNING: PART IA survey of 4,300... Read More
How you finance the expansion of your business is important.... Read More
Storytelling and writing a business plan actually go hand in... Read More
You might be thinking to yourself, "Why should I waste... Read More
While writing an article recently on effective ways to bridge... Read More
Every business experiences slower periods. For some, they sell more... Read More
There's nothing automatic about corporate growth, particularly in the information... Read More
In 1997, David Steele was making the transition from a... Read More
Here is an abstract thought on studying nature and the... Read More
Writing a business plan can be tricky when all the... Read More
Many cities have home pages on the Internet. Many of... Read More
There is so much small business information available today that... Read More
To stop a computer virus you must understand how it... Read More
reliable home cleaners Buffalo Grove ..Every business experiences slower periods. For some, they sell more... Read More
Most companies that are worthy of raising venture capital have... Read More
As a business owner, you've likely created a hurricane plan... Read More
What do Mark Victor Hansen, Robert Allen, Anthony Robbins, Andrew... Read More
More than $117 billion passed hands from Internet shoppers to... Read More
No "meme" isn't a typo and Got Milk, the more... Read More
When someone mentions business planning we have been conditioned to... Read More
The University of Exeter in the United Kingdom recently published... Read More
Ask a small business owner about their strategic plan and... Read More
One of the quintessential parts to any business is your... Read More
David E. Gumpert, author of Burn Your Business Plan, often... Read More
Strategic planning is vital while starting a new business or... Read More
Cassy was an employee of a nonprofit who had been... Read More
One of the difficulties we face in our industrialized age... Read More
Many movies have been made about the tragic story of... Read More
Many very successful business owners may never have had a... Read More
You know you need a business plan. You probably realize... Read More
Building a dynamic small business is a constantly evolving, increasingly... Read More
As fast as you can say business disaster, your business... Read More
A significant advantage of some business ideas is that the... Read More
Many business start-up kits or consultants will tell you one... Read More
"Rubbish!" shouted the large, aggressive man in the red-striped shirt... Read More
Regroup?is this a new management trend? Not a chance! Regroup... Read More
So what makes a vision successful? Everyday companies try to... Read More
For many consumers and producers, MSP is an acronym for... Read More
Strategic Planning |