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Entrepreneurs on Fire · 2025-01-05 · 24 min · 4,340 words

6 Biggest Mistakes Entrepreneurs Make When Buying Businesses with Elliott Holland: An EOFire Classic from 2021

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Light that Sparkfire Nation, JLD here, and welcome to Entrepreneurs on Fire, brought to you by the HubSpot Podcast Network, the audio destination for business professionals with great shows like Marketing Made Simple. Today we're pulling a classic episode from the archives and we'll be breaking down the six biggest mistakes entrepreneurs make when buying businesses. To drop these value bombs, I brought Elliot Holland into EOFire studios. Elliot is a business buying expert.

He has a Harvard MBA and almost 15 years experience in acquisitions. His consulting company prevents clients from losing millions buying bad businesses. In today's Foundation will talk about how to be careful falling in love with sellers too quickly, never miss an opportunity to build rapport. That's critical to getting deals done. And the best time to bring advisors in is three to six months after you start your search or about a month before you get serious about a particular deal and so much more.

And a big thank you for sponsoring today's episode goes to Elliot and our sponsors. Success Story, hosted by Scott D. Clary, is brought to you by the HubSpot Podcast Network, the audio destination for business professionals. Success Story features Q<unk>A sessions with successful business leaders, keynote presentations, and conversations on sales, marketing, business startups, and entrepreneurship. A recent episode discussing the billion-dollar health secret with the founder and CEO of Woop is a must-listen.

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