Part 6/7:
Reflecting on his experience, Brian offers crucial advice to prospective buyers: stick to what you know. He emphasizes the importance of being knowledgeable about the industry in which you are investing. Additionally, he suggests being more involved during the due diligence process, recommending ride-alongs and thorough inspections of all assets to ensure a comprehensive understanding of the business being acquired.
“Track where all the money goes and make sure you understand the business model,” he advises, highlighting that diligence pays off, particularly in an industry rife with nuances.