Name
*
First Name
Last Name
Email
*
Geography
Areas of interest:
Western WA (Seattle area)
Central WA (Ellensburg/Yakima area)
Eastern WA (Spokane/Tri-Cities area)
Northern ID (Coeur d'Alene area)
Other
Skills I bring to the business
*
Sales
Marketing
Operations & workflow
People management
Digital marketing / social media
Construction / remodeling / handywork
Retail expertise
Other certifications (discuss with Kris)
Passions/hobbies (discuss with Kris)
What I have done so far and what has worked/ not worked on my journey to business ownership:
*
What is your preferred business type? See blog post at: https://lnkd.in/ghwP4nnD
Select:
Fixer-Upper (cut expenses, upgrade, change markets)
High growth (challenging for valuation)
Move-in Ready (higher asking price)
Absentee (add cost of mgmt.)
Management
*
Who will run the business on day 1?
I will run it myself with help from the seller
I will work part time and hire a manager
I need to be fully absentee
Other (discuss with Kris)
What is my MINIMUM take-home minimum in YEAR 1? (comparatively, new startups are almost always $0 or less)
*
I need to keep my day job until the business takes off
*
Yes
No
It depends
Preferred industries:
*
Food/Beverage
Services
Industrial
Construction
Manufacturing
Distribution
Health & Wellness
Sports & Recreation
Other (discuss with Kris)
My financing will include:
*
SBA Loan
Commercial bank loan (with collateral)
Small Business Development Center funds for special circumstances
Friends & Family
Use my 401K (Rollover. Special circumstances apply)
My own money (at least 10% of purchase price)
Hard Money (short term)
Seller financing (under 25% of price)
Seller financing (over 25%)
I am pre-qualified or have acquired financing for this purchase:
*
Yes
I plan to be within the month
No
I have a deadline in which to purchase
Challenges
Areas where I have concern:
Getting financed (bank or other)
Finding a lifestyle that fits
My fear of risk
Finding/keeping staff
Learning the ropes (transition)
Partnership management
Fear of leaving current job
Evaluating the opportunity (due diligence)
Lease or getting the right space
Concerns about the industry
Who is on my team so far:
My attorney
My CPA / Bookkeeper
My Mentor: SCORE, Business Impact NW, Personal,
My "just do it" friend
My family who will work in the business
I am paying someone on retainer
I would like enlist help from Paulson Exchange in acquiring a business
If I found the right business, I would be committed to the process despite demands for analysis, paperwork, and a degree of uncertainty and risk of being an entrepreneur:
Yes! I'm ready!
Maybe, I'd like to learn more
Nope!