In this episode, Jed shares his experience of buying and losing a business, the lessons he learned, and his mission to shed light on the often-overlooked challenges of business acquisitions. His forthcoming book, Buyer Beware: Real Stories of Business Acquisition Failure, compiles stories of searchers who’ve faced setbacks, offering actionable takeaways.

Key Takeaways:

• The importance of cash flow management and its impact on business viability.
• Why the character of the seller matters as much as the financials of the deal.
• Understanding behavioral finance in the context of business transactions.
• The value of sharing failures and lessons learned to guide future buyers.
• Why traditional vs. self-funded search is a lifestyle decision, not just a financial one.

Resources Mentioned:

1. Jed’s Book Presale Page – Sign up for early access and snippets from the book--> https://buyerbewarebook.carrd.co/
2. Search Fund Study --> https://hadleyfamilycapital.com/wp-content/uploads/120907-Search-Funds_Death-and-the-Afterlife_Benjamin-Kessler_9.7.2012-1.pdf

Become an Unpolished MBA Guest: https://unpolishedmba.com

LinkedIn: https://www.linkedin.com/in/moniquemills/

Bio Website: https://moniquemills.biz/

TPM Focus - Strategy Firm for Startups and SMBs: https://tpmfocus.com/

Guest Co-Hosts:

Company --> thechiefrebel.com

Book --> https://www.thechiefrebel.com/book

LinkedIn --> https://www.linkedin.com/in/kinzaazmat/

Company --> Sunset Coast Partners

NEW BOOK RELEASING SOON! https://buyerbewarebook.carrd.co/

LinkedIn --> https://www.linkedin.com/in/jedmorris/

Newsletter --> https://stillsearching.beehiiv.com/subscribe