Deal Fatigue

The exhaustion that sets in during a long deal process — and one of the most common reasons sellers accept worse terms than they should.

Definition

Deal fatigue is the mental and emotional exhaustion that builds across months of negotiating, providing diligence, answering questions, hearing objections, and waiting for closing. It's a real psychological phenomenon, not a metaphor. By month four or five of a process, sellers who started out willing to walk away from bad terms become sellers who'll accept almost anything to be done. Buyers know this. Sophisticated buyers run their diligence and negotiation timeline knowing that delay is leverage — every week the deal drags, the seller's willingness to fight on individual terms drops. The seller who recognizes deal fatigue setting in and pushes back against it gets a better outcome than the seller who accepts whatever the buyer puts in front of them at the end.

What It Means For You?

Deal fatigue costs sellers real money — usually in the last 30 days of a deal, when they've already given up and just want to close.

Buyer's Lens

Patient buyers know that time is on their side — every week of delay erodes the seller's resolve.

Apply This To Your Business

Find out what a buyer would see in your business — before you talk to one.

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Written By

Mike Ye

Exit Desk · Mikeye.com

25 years and $7.4B in acquisitions, divestitures, and portfolio exits across media, healthcare services, retail, and technology. Former Vice President of Strategic Planning & Acquisitions at Penske Media Corporation; prior leadership roles at Surgical Care Affiliates, L Brands, and Intel Capital.

Not Legal, Tax, Investment, or Valuation Advice.
Mike Ye