What is the biggest challenge when acquiring companies?
Apr 27, 2016 posted by Eric Gilboord - WarrenBDC
13
How have you overcome this?
Reply from Nunzio Presta
Added on May 02, 2016 13:11
Awesome input Jeremy and Melissa! Thanks for engaging with BizCHATTER!
Reply from Jeremy Leager
Added on Apr 27, 2016 20:26
I think the biggest challenge is financial accuracy & valuation! Connecting with professionals such as accountants and Chartered Business Valuators really helped. Also, BizON was a great starting point! Great question Eric! PS What do you do at WarrenBDC?
Reply from Melissa Howard
Added on Apr 27, 2016 20:31
I'm with ^ Jeremy! I would also add this: A challenge when acquiring a company was ensuring the seller would stay on (3-6 months) in order to help transition the business properly and ensure staffing was in the loop! Other than that...buying an existing business was the best decision I've made in my life!
Reply from James C
Added on May 04, 2016 13:27
Great questions! Looking forward to seeing more responses :)