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Potential Collapse: Live Report on a Tough Acquisition
Published 3 years, 2 months ago
Description
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
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
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- Follow Will on Twitter