DOs and DONTs of Successful Business Buyers
May 23, 2024
by a professional from University of Wisconsin-Madison - Wisconsin School of Business in Austin, TX, USA
Most business buyers are overly optimistic and overconfident.
Don’t be like most buyers..
Instead:
DO —>Expect expenses to rise. —>Expect revenue to drop. —>Expect team issues to arise. —>Expect things to break.
DON’T —>Assume you’ll be able to cut opex meaningfully. —>Assume your new growth plan will 2x business in the first quarter. —>Assume you can install an operator and the ‘work’ is done. —>Assume everything will be smooth.
Plan for challenges to ensure a successful acquisition.
And of course make sure you do good and thorough DD! Reach out to me or my team at Centurica if you’d like our help.