Allison MaslanCEO & Business Scaling Expert | WSJ Bestselling Author

2 Things To Look At Before Buying A Business

30 Mar 2024

Watch on YouTube

This is a YouTube video titled "2 Things To Look At Before Buying A Business" containing a conversation recorded on March 30, 2024, featuring Allison Maslan and another speaker discussing key questions and considerations when purchasing a business, including cultural alignment and financial scrutiny.

So what are some questions we need to ask when we're looking to buy a business?
There's a ton, but I think the key ones for me that I learned culture has really developed into the number one question. Are they in alignment with your core values? Are they in alignment with the quality of work that you're doing? I try to get an in person visit first because quite honestly, if their culture doesn't align with our culture, it's going to be a disaster.
I mean, I've seen when this is a disaster and everything looks good on paper, but then when you try to merge the teams, it's drama central. What else do we need to look at?
Obviously you do look at financial statements. I think businesses that haven't quite figured it out, businesses that have a lot of money trapped in their profit and loss statement they don't know about, because that's where I can find the funds to buy them out. As business owners, I think we're good at reading between the lines. So you got to read between the lines a lot what.
They'Re not telling you.
Yeah.