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Potential Collapse: Live Report on a Tough Acquisition
Podcast |
Acquiring Minds
Publisher |
Will Smith
Media Type |
audio
Categories Via RSS |
Business
Entrepreneurship
Investing
Publication Date |
Jul 13, 2023
Episode Duration |
01:06:31

Today's guest recounts the many ways her acquisition has misfired, revealing how hard owning a small business can be. 

Topics in this interview:

  • The clash between personal values and effective leadership
  • How the seller misrepresented the business
  • Ongoing legal issues that distract from operating 
  • The possibility of the business collapsing
  • What she missed in due diligence
  • Difficulties in leadership transition and the impact on morale
  • How the business affects her personal relationships
  • The need for a support system and external advisors
  • Key employees leaving to start competing shops
  • Why she gives the business a 65% chance of surviving

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