“Don’t ever think you have to have every answer before you act”

Happy Friday!

On Monday, I told you about Taggart and how he closed on Terra Engineering (a niche Porsche racing suspension company with customers in 29 countries)…

For just 5% out of pocket, seven months after joining Acquisition Ace.

Today, you’ll get his biggest lessons from that deal, and access to our full conversation about how he pulled it off. 👇

Community Spotlight

Before we share how Taggart pulled off his acquisition, check out today’s latest success story from our Acquisition Ace community.

Aisha left her corporate job at Amazon and bought a $2.4M CPA firm with her husband Mark while he kept his full-time W2 job.

They went from looking at big cities where brokers wouldn’t even return their calls to finding a small-town Indiana firm in an Amish community with sticky clients and clean books.

They closed on New Year’s Eve and are projected to make $500K+ annually by year two after transition costs.

They’re not CPAs, but brought Mark’s dad (who is a CPA) on board to help the seller feel comfortable, and it worked.

👉 Want to buy your first business and learn everything you need to have a successful acquisition? Book a call with our team here.

“Don’t ever think you have to have every single answer to be able to act. If you’re feeling nervous - good. Go take the next step.”

That’s what Taggart told me after closing on his first acquisition while still working his full-time W2 job.

(Taggart structured this deal with 75% SBA financing, 20% seller financing, and just 5% out of pocket. Inside Acquisition Ace, members learn how to put together creative deal structures like this. Want to learn more? Book a call with our team here.)

3 Key Takeaways from Our Conversation

1. Your professional background is a competitive advantage

Taggart’s RevOps experience - building systems and finding operational efficiencies - made him uniquely qualified to modernize a 30-year-old engineering firm that had never had that lens applied to it.

Whatever your background is, there’s a business out there that becomes more valuable the moment you walk in.

2. Build the seller relationship early

Taggart and the sellers developed genuine trust from the start.

When uncomfortable conversations came up during due diligence (and they always do) that relationship is what kept the deal moving forward instead of falling apart.

3. Creative deal structure bridges the gap

When Taggart and the sellers couldn’t fully agree on price, they didn’t walk away.

Instead, they restructured.

The extra $150K became seller financing with a balloon payment, turning a sticking point into a workable solution for both sides.

This Week’s Action Item

Write down three ways your current professional background could add immediate value to a small business in your target industry.

Operational efficiency, sales systems, marketing, financial management.

Whatever your skillset is, that’s your edge.

Lead with it when you talk to sellers.

To hear the full story of how Taggart found, negotiated, and closed this deal…

Watch the full interview with him here.

P.S. Taggart spent seven months learning, evaluating deals, and building the confidence to act.

Having a community of people doing the same thing, and mentorship from someone who’d already done it, made all the difference.

If you want that same support behind your search…

👉 Book a call with our team here to see how the Acquisition Ace community could help you land your first business acquisition.