Episode Details
Back to EpisodesBuying a Business - Chapter 3b
Description
In this episode, we explore the concept of distressed businesses and how MSPs can identify potential opportunities when considering an acquisition. We discuss how businesses can become distressed for many reasons, including personal issues affecting the owner, operational problems such as underpricing or poor staffing, financial pressures, or wider industry challenges. While some of these issues may be fixable and present turnaround opportunities, others, such as litigation, major contract losses, or industry downturns, may make an acquisition too risky. We also examine the importance of understanding how the acquired business will be managed after purchase, whether it will be integrated into an existing operation, improved and retained, or potentially sold after adding value.
Mike Knight MBA FCIM Director, MKLINK Ltd