| I am always railing on and on about why people | | | | million a year that doesn't have a good word or |
| should buy businesses worth at least a million | | | | isn't a good person...is almost zero percent. There |
| dollars or more. That are big, with lots of cash | | | | may be exceptions to this, but I have never, in all |
| flow and with a management team already in | | | | these years, run into one that wasn't a man of |
| place who know what they are doing -- so you | | | | his word and didn't genuinely want the deal to go |
| can just sort of step in and let things go "as is" | | | | down fairly, squarely and exactly as we agreed |
| and not have to think about it. | | | | to. |
| However, besides all the financial reasons, there is | | | | Does this mean they are all going to be your best |
| another -- very powerful -- reason to only go | | | | friend? |
| after large businesses like this. A reason almost | | | | No. In fact, I have run into one that I haven't |
| nobody ever talks about and yet, is probably a | | | | gotten along with. But at this level, where there's |
| more important reason than any other. | | | | a lot of money at stake, they're basically all nice |
| And that reason is, quite simply, people who own | | | | people. They're easy to get along with. And keep |
| large businesses, that have good numbers, and | | | | in mind, one of the main reasons they are so nice |
| that can prove their business is what it is, are | | | | and friendly is because they know you have cash. |
| almost always straight-shooters and not crooks. | | | | When you pay cash (using investor financing) you |
| It's true. I have been doing this for over 50 years | | | | do all the talking. You're the one who is really in |
| and I can tell you right now, the chance of you | | | | control, and they know it. |
| running into a person that has a business making a | | | | |