Episode Details
Back to Episodes
How to Recover from a Fraudulent Seller
Published 1 year, 4 months ago
Description
Register for the webinar:
- Deal Structuring Under the New SBA Rules - TODAY May 8th - https://bit.ly/4jFLpX2
Jason Jackson thought he bought a $1.5m SDE dental practice. In fact, the business was losing money & engaging in fraud.
Topics in Jason’s interview:
- Value of pattern recognition in business
- Missing fraud despite $400k of due diligence
- Turning around a business with negative EBITDA
- When to fire a top performer
- Fixing a broken work culture
- Why he decided not to sue the seller
- Hands-on learning in every role
- Changing their revenue model during Covid
- Focusing on cash, culture, and communication
- Why his investors were thrilled with a 2x return
References and how to contact Jason:
- Jason’s partner Olaide Lawal
- Futaleufu Partners
- The Manager’s Handbook by David Dodson
Get complimentary due diligence on your acquisition's insurance & benefits program:
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or hello@systemsix.com and mention Acquiring Minds
Learn more about Walker Deibel's done-with-you buy-side advisory:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov
Produced by Pam Cameron