Even when I’m not in the middle of a quarantine, I watch a TON of movies.
As you know, I travel a lot – back and forth to my second home in Baltimore… attending masterminds and meetups around the world… visiting businesses for potential deals…
And in addition to working, sleeping and reading on planes, I am very partial to a great movie.
Now, I’m not into Harry Potter, Lord of the Rings or anything else in the fantasy realm.
My top FIVE movie franchises of all time are…
Marvel Studios has been MASSIVELY successful in building their Avengers franchise for the past 12 years… Beginning with Iron Man back in 2008.
The Incredible Hulk (the one with Edward Norton) came out the same year.
Then there was Thor, Captain America, Guardians of the Galaxy, Black Panther, Captain Marvel, Spider-Man…
Ant-Man, even!
And my favorite – The Avengers.
I recently watched the final Avengers movie, Avengers: Endgame.
There is no I in TEAM – or in AVENGERS.
This movie has ALL of the Avengers combined into one AMAZING team who will stop at nothing to save the universe.
The secret to a great team?
Simple. A truly great team is stronger than the sum of the individual parts.
Let me explain…
Each one of the Avengers is a BADASS.
Our boy Tony Stark – Iron Man – is the original Elon Musk. A billionaire genius with tons of charm. He’s also the coach of the team.
The Hulk is a source of great power and strength…
Black Widow has amazing cunning and dexterity…
Thor – well, he’s the god of THUNDER. Plus, he’s got his hammer (Mjolnir) and his ax (Stormbreaker).
Hawkeye… Scarlet Witch… Doctor Strange… Bucky Barnes, aka The Winter Soldier…
All with an incredible set of skills.
Any one of them would be a strong adversary for any villain. But put them together and watch their skills work and build off each other… and you’ve got an insanely powerful force.
So WTF does this have to do with closing deals?
Simple. You need to assemble your own team of Avengers!
Each one skilled in their own right… but when you put them together, they’re INVINCIBLE!
First off, there is you. You are Tony Stark aka Iron Man. The coach of your team.
Your iron suit is your mindset, your purpose and your commitment to changing your life and becoming an owner-investor of small businesses.
This will give you freedom, cash flow, legacy, pride and fulfilment – among many other benefits, especially when you buy more than one business.
The rest of your Avengers team starts with your network. Build it up for an avalanche of deal flow.
Then there’s your CPA (certified public accountant), who will conduct financial due diligence on the business and address any tax issues.
Your CPA can also help you with valuation, deal structuring and financial forecasting if you need it.
Your lawyer will conduct legal due diligence, liaise with your financiers and write the legal documents that you and the seller will sign to transfer ownership of the business to you.
You may also have consultants – especially if you are buying a business in a sector you don’t know well. A consultant may co-run the deal with you in return for a small piece of equity.
And don’t forget your general manger (GM)! You need a rock-solid GM to run the day-to-day for you if you want to be an owner-investor. This could be someone already within the business, someone from your network or someone you find on LinkedIn.
My point is it’s dangerous to go it alone.
And you don’t have to.
Take this time right now to reach out and start building relationships to put together a solid deal team that will help you close deals (and maybe even save the world).
Until next time, bye for now.
Carl Allen
Editor and co-founder, Dealmaker Wealth Society
P.S. I’m always looking for more movie recommendations for when I travel… So tell me, what are some of your top movies? Reply to this email and tell me what favorite flick of yours I should check out next and why.
