EPISODE · May 12, 2024 · 32 MIN
Steve Lawrence - Resigned from a job to close an acquisition that failed
from Build and Exit · host Julie Wilkinson
Acquisitions can be an opportunity to change your career. But what if you quit your job and the deal falls through? You’re left with no job and no deal. This is exactly what happened to my guest in this episode, Steve Lawrence. The seller decided not to go ahead at the last-minute leaving Steve in the lurch. Steve shares the ups and downs of his acquisition experience from his first failed acquisition to then finding the company he went on to buy through a Google search. He talks about the struggles and the positives after the acquisition went through, as well as his huge learning curve of why heads of terms are so important. “The deal just completely fell out” – Steve Lawrence Timestamps 01:49 - Steve's failed acquisition 03:39 - An introduction to Steve 07:32 - Did Steve get any reimbursements? 08:30 - Steve's successful acquisition 13:48 - The importance of heads of terms 17:41 - Post acquisition struggles 24:14 - Advice on small term loans 27:03 - Post acquisition positives Connect with Steve LinkedIn - https://www.linkedin.com/in/uncomplicatedsteve/ Uncomplicated Group - https://www.uncomplicatedgroup.co.uk/ Connect With Julie Wilkinson LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/ Before you go, don’t forget to leave a comment and review if you got something out of this episode!
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Steve Lawrence - Resigned from a job to close an acquisition that failed
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