The two harder questions to answer before buying a business

Hey, it’s Ben!

Yesterday I covered the first two readiness questions for business ownership - whether you meet the financial baseline and whether you can commit one hour a day to build deal flow and develop your evaluation skills.

Today I want to cover two questions that are harder to answer honestly.

Zack bought a $2.1M accounting firm remotely (living in California, business in Virginia) after joining Acquisition Ace.

He closed in just 5 months… and he’s not even an accountant!

👉 Want transparent guidance that shows you exactly what to do to close your first deal? Book a call with our team here.

Are you being realistic about your life situation?

Kids, aging parents, a demanding job, or a spouse who isn’t fully on board are real factors worth taking seriously.

Business acquisition requires dedicated attention during the search phase and serious engagement in the first months of ownership.

You need to be honest about what you can actually sustain versus what you’re hoping will somehow work itself out.

The people who get into trouble will underestimate what’s required and then feel blindsided when the process demands more than they planned for.

All that to say - go in with clear eyes about what you’re committing to.

The stability question worth sitting with

A lot of people delay because they’re waiting for their current situation to feel more stable first.

It’s a reasonable instinct, but worth examining.

W2 jobs feel stable.

But they also also mean your income is entirely dependent on someone else’s decisions, your upside is capped by someone else’s budget, and your position can change at any moment for reasons that have nothing to do with your performance.

The question you need to wrestle with is whether the risk of staying where you are is actually as low as you’re assuming.

(Inside Acquisition Ace, members learn what the process actually demands at each stage, so they can prepare accordingly rather than discovering it mid-deal. To see how our community can help you with your first acquisition, book a call with our team here.)

The honest answer

If you can meet the SBA financial baseline, commit one hour a day consistently, are realistic about your life situation, and are willing to push through uncertainty rather than waiting for it to disappear…

You’re ready.

The “perfect” conditions you’re hoping or waiting for aren’t coming.

At some point, if this is truly something you want to do, the only move is to start.

If you’d like to take that first step with a clear framework behind you, the Acquisition Ace community is where that process begins.

👉 Book a call with my team here to see if it’s right for you.