Beat the acquisition competition

Buying a business is the hot new investment move promoted in the media. Business acquisitions are simple but not easy. The hardest parts of acquisitions include identifying who other buyers are and beating them to the punch and finding the right company to purchase. If you would like to beat the competition and find the best deals, follow the suggestions below to get started on the right foot. Get Narrow If you are looking for anything, you will find everything, which is not necessarily what you want to buy. Make your buy box as narrow as possible. A buy box includes the industry, size, location, management structure, and other qualifiers of the perfect acquisition. For example, instead of looking for anything, seek $1 million companies in the plastic manufacturing industry within a two-hour drive of Indianapolis. Having a tightly identified acquisition target market will help you find the business you are looking for and stay below the radar of competitors in the deal space.& Identify Your Competitors The deal space is competitive, and you must know who is going after the same deals that appeal to you. Strategic buyers, or competitors, of the acquisition targets are always on the hunt...