DOES ANYONE HAVE EXPERIENCE RUNNING A BUSINESS IN ABSENTEE OWNERSHIP?
The size of the company and the industry it is in matters in this case but is there a correlation to what the minimum size of the work force has to be for this to work? You also must have a good manager in place and incentivize him to run the operations with the same level of rigor and passion at the expense of lower cash flow to you. What are the key success criteria to make absentee ownership to work? I am curious to hear some of your experiences and insights on this topic.