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A Cautionary Tale of Buying Too Small
Published 3 years, 9 months ago
Description
JD Klein bought a print shop for $100k, thinking such a small acquisition carried little risk. The opposite was true. (This is a rebroadcast from December 2021.)
Themes from JD's interview:
- Running a strong-growth, low-margin business
- Selling your house to make ends meet
- Why very small businesses come with higher risk
- Acquirers should hire a financial planner
- Pivoting your strategy when uncontrollable roadblocks emerge
- Pros & cons of the printing industry for acquirers
- Personal victories vs. financial victories
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