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As when dealing with teenagers, a smart parent knows to ignore a lot of noise and negative stimulus. You need to continually remind yourself, It isn’t me, and it isn’t forever. Ignoring a persistently defeating and deafening message is a big task. But it becomes easier to filter it out when you turn down the volume of diminishing messages and turn up the volume for other, more enabling, voices—your own, as well as those of supportive leaders and colleagues.
As the series goes out into the world, we will continue to create resources on fs.blog/tgmm to help you integrate these models into your thinking. As we wrote in volume 2, before long, when it comes to using mental models, you will be capitalizing on the powerful momentum you have created. These ideas will become such an integral part of the fabric of your thinking that it will become impossible to view any situation without the valuable lenses they provide.
The Great Mental Models Volume 3
Rhiannon Beaubien and Rosie Leizrowice
The bottom line is that someone must do the work and you, as the buyer, must understand it. I could go into tremendous detail here about the ways to gather and organize information, but as a first-time buyer, you’ll just have to apply brute force and hope you’ve hired talented advisors (mostly lawyers and accountants). Plan to spend at least $150,000 on outside advisors during the deal process. That may seem expensive — until you get through it. Then you’ll say, “Ahh, totally makes sense.”
How to Acquire Your First Small(er) Company
permanentequity.com
...catch up on these, and many more highlights
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