Due Diligence When Buying a Business: What to Look For

This podcast episode delves into the critical aspects of filtering business opportunities, honing in on the significance of business fit and growth potential. Michael outlines practical criteria for evaluating potential acquisitions, such as revenue, market fragmentation, and recurring income, underscoring the necessity of aligning opportunities with one’s expertise. He advocates for a strategic approach that involves starting with a major player in a niche market and expanding through additional acquisitions. By promoting deal-making skills as essential for wealth multiplication and sustainable income, he leaves listeners inspired to enhance their capabilities in navigating the complexities of business buying.