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What My First Accepted LOI Taught Me: June Update
Still Searching. Still Showing Up. The question I get most often is: “Have you bought a business yet?” The short answer is no. The longer answer is that over the last several months, I’ve moved from learning about acquisitions to actively pursuing them. I've reviewed dozens of opportunities, submitted five LOIs, and recently had my first LOI accepted. After several weeks of diligence, the owner and I ultimately agreed not to move forward with the transaction. While this deal didn't close,...