Leigh Thomas Brown advises someone considering buying a business to bring an experienced partner along. Enter a new field as a passenger while someone more experienced drives. Business transactions are complex and usually slow unless courts, bankruptcy, or trustees are involved.
You have a chance to go get the business, but you better bring somebody with you to stopgap experience that you don't yet have. And I look at this in terms of getting out of your lane into another lane should come while you're in the passenger seat and somebody else is driving. That is great advice. And I love that phrase about it being a once in a lifetime transaction. I mean, yeah, that puts the whole perspective into why is It's so heavy. It's so multifaceted. And frankly, these are very seldom quick transactions unless something's gone haywire with the courts or bankruptcy or trustees. Those are a different ballgame altogether.
