Codie Sanchez explains why deals feel bad: they don't match what you actually want. Set your Deal Box first. Define your minimum cash flow, maximum price, how hands-on you'll be, and which industries you know. Then any deal either fits or it doesn't.
Chapters
Here's the thing. The worst deals, they aren't inherently bad deals. They're bad for you. I have a framework that fixes that. It's called the Deal Box. I like to think of it like filters on Zillow where you set your filters, right? 3 beds, 2 baths, under $500K. Suddenly thousands of options that are overwhelming become the right 10. Buying a business works exactly that way. You know, before you look at a single deal, you define your filters. What's the minimum cash flow you need to walk away with? What's the maximum price you're willing to pay? Do you want to run it or own it from a distance? What industry do you actually understand? This matters Because without a deal box, you waste months looking at every business that crosses your desk. With one, you know in 5 minutes whether something is worth your time or not. So like a good deal fits in your box and a bad deal, it's just a distraction.