Thread by @tsludwig: Buying a business, especially a good one, is hard. But not impossible. And not without risks. Reducing those risks takes a good process, emo…

Reducing those risks takes a good process, emotional control, discipline, savvy advisors, and relentless hard work. Though just about anyone can do it.

10) Run through the finish line. The deal isn't closed until the money is wired and the docs are signed.

Surprise! The close is just the beginning...

Now, as an owner, be humble, communicate (a lot), and execute. Don't rush...you have plenty of time to shape and mold the firm.