My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

Structure matters more than price in business deals

Evidence

Shepherd deal structure where company lent Sean money to buy his own stake, creating better alignment than traditional cash purchase

Implication

Focus on creative deal structures rather than just negotiating lower prices when acquiring businesses

Counter Belief

Simple cash deals are cleaner and avoid complex future complications

Example Application

Instead of paying cash for business acquisition, structure deal where business cash flow funds the purchase, creating better alignment and lower upfront risk