Recently, the Harvard business review, did a study that puts the failure rate of mergers and acquisitions somewhere between 70% and 90%
AND…According to the Small Business Administration, 75% of all venture capital acquisitions fail. Yup, you read that right – 3 out of 4 VC deals die.
That means, in this business, even the smartest investors with limitless capital and the best data money can buy are only successful 1 in 4 times.
If that’s true, what hope do we have?! (More on that in a moment…)
But it’s no surprise.
I mean between the lack of structured training, effective education, and real world negotiation skills, how could anyone feel like they have the confidence to successfully acquire a business?
Yet, if you understand that RIGHT NOW will go down as the greatest time in the modern era to acquire a business…
With the economy in turmoil, joblessness claims at record highs, and the uncertainty mounting every day…
How do we NOT go after the fastest, most secure, and most profitable way of growing our wealth and income.