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Steve Lawrence - Resigned from a job to close an acquisition that failed
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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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