{"id":12347,"date":"2019-07-18T13:16:47","date_gmt":"2019-07-18T12:16:47","guid":{"rendered":"https:\/\/entrepreneursgateway.com\/clone-7-reasons-why-you-should-buy-an-existing-business\/"},"modified":"2019-10-23T09:28:34","modified_gmt":"2019-10-23T08:28:34","slug":"everything-you-need-to-know-about-building-your-dream-team","status":"publish","type":"post","link":"https:\/\/entrepreneursgateway.com\/everything-you-need-to-know-about-building-your-dream-team\/","title":{"rendered":"Everything You Need to Know About Building Your Dream Team"},"content":{"rendered":"\t\t
If you want to be successful as a deal maker\u2026 you\u2019ll need to build a Dream Team!<\/p>
But not just any team…\u00a0<\/p>
Specifically, we looked at SQF and QLA Dream Team strategies for finding a Chairman<\/strong>, CFO, accountants and lawyers<\/strong> who will do the heavy lifting for you.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t They\u2019ll all be working for you without using a penny of your own money.<\/span><\/p> You need to put together a \u201cDream Team\u201d. The question is… how do you go about creating one?<\/span><\/p> We uncovered some very interesting findings\u2026.<\/span><\/p> And now it\u2019s time to share what we discovered about the SQF and QLA Dream Team strategies.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t In this article, we are going to look at how to build your Dream Team, and especially what pitfalls you should avoid when creating one and how. We will outline the importance of surrounding yourself with the right people and will look at two very different models to help you achieve this.<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t So, you\u2019ve sourced potential M&A opportunities and have spoken to several interested<\/span>\u00a0<\/span>business owners over the phone.<\/span>\u00a0<\/span>As a result of these phone conversations, you\u2019ve had several meetings and have agreed<\/span>\u00a0<\/span>to a deal in principle on what looks like a promising and profitable business.<\/span><\/p> After all your initial hard work, it\u2019s now time to organize\u00a0the due diligence so you can investigate and evaluate the records, assets, contracts, and operations of the business\u00a0\u2013 and get your deal over the line. First and foremost, if you\u2019re going to be a deal maker \u2013 you need to stop focusing on minutiae; that is, all the small and trivial details.<\/span><\/p> Minutiae is not an effective use of your time and is not going to make you money.\u00a0\u00a0<\/span><\/p> As a deal maker, there are three main areas you must focus on:<\/span>\u00a0<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t You probably already know that time is the most precious commodity there is.<\/span>\u00a0<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t \n\t\t\t\tEach passing second is one you\u2019ll never get back \u2013 it\u2019s gone. You can always make more money, but you\u2019ll never make more time. So, it\u2019s imperative to focus your time where it\u2019s most valuable.\t\t\t<\/p>\n\t\t\t\t\t\t\t If you\u2019re going to be a deal maker \u2013 you CANNOT work alone.<\/strong><\/span>\u00a0<\/span><\/p> <\/p> You already know that you do not have the time to do absolutely EVERYTHING in your business.<\/span>\u00a0<\/span>Whilst many solopreneurs love getting involved in many aspects of their business; as a dealpreneur\u00a0who wants to scale, you need to think differently \u2013 you\u2019ll need to build the ultimate \u201cDream Team\u201d.<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t One way of looking at it is that you are driving a bus and you want to pick up as many skilled people as you can to help you on your journey. You are creating a toolkit. <\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\tIf you\u2019re ready, make yourself comfortable and let\u2019s begin... <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\tBut where do you start? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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You also need to realize: <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
But what makes a great Dream Team? And how do you build one? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t