Investors buy businesses all the time. You don’t.
If you apply the 10,000-hour rule to dealmaking, you’re going to lose your shirt with experienced strategic buyers and private equity groups. They make their living from making acquisitions. They know all the ways to extract more value from a deal. It is quite literally their job to do so.
It does not matter how smart you are. In high stakes scenarios like M&A, a semi-experienced dealmaker can trump a PhD business owner trying to go it alone. Here’s a perfect example:
There are numerous reasons to hire an M&A advisor to sell your business, but the overarching reason is to avoid common deal blunders and protect yourself against potential issues.
Going it alone without an advisor is like David going against Goliath without a sling: wreckless and foolhearty.