Podknife - How to Survive Buying a Bad Business by Acquiring Minds

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How to Survive Buying a Bad Business

Podcast |: Acquiring Minds
Publisher |: Will Smith
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Interview,; Investing,; Mergers & Acquisitions
Categories Via RSS |: Business,; Entrepreneurship,; Investing
Publication Date |: Nov 08, 2022
Episode Duration |: 01:27:01

Description
iTunes Summary

It looked like a dream: $2m EBITDA, recurring, large market. Only after Judd Lorson bought it did he learn the truth.

Topics in Judd's interview:

Searchfund accelerator pros & cons
Understanding investors' role in your acquisition
Importance of 100% transparency with employees (even pre-acquisition)
Debt collection business pros & cons
Discovery that he's acquired a bad business
Managing hostility with sellers
What is the proper attitude for buying a business?
How to resign as CEO the right way

Links & how to reach Judd:

Original case note from Yale about Judd's story
The Acquiring Minds debate about Self-Funded Search vs. Traditional Search Funds
judd DOT lorson AT gmail
LinkedIn

Get complimentary due diligence on your acquisition's insurance & benefits program:

Oberle Risk Strategies - Search Fund Team

Learn more about Walker Deibel's done-with-you buy-side advisory:

The Acquisition Lab

Connect with Acquiring Minds:

See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter

It looked like a dream: $2m EBITDA, recurring, large market. Only after Judd Lorson bought it did he learn the truth.

Topics in Judd's interview:

Searchfund accelerator pros & cons
Understanding investors' role in your acquisition
Importance of 100% transparency with employees (even pre-acquisition)
Debt collection business pros & cons
Discovery that he's acquired a bad business
Managing hostility with sellers
What is the proper attitude for buying a business?
How to resign as CEO the right way

Links & how to reach Judd:

Original case note from Yale about Judd's story
The Acquiring Minds debate about Self-Funded Search vs. Traditional Search Funds
judd DOT lorson AT gmail
LinkedIn

Get complimentary due diligence on your acquisition's insurance & benefits program:

Oberle Risk Strategies - Search Fund Team

Learn more about Walker Deibel's done-with-you buy-side advisory:

The Acquisition Lab

Connect with Acquiring Minds:

See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter

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