Buying a Bankrupt 117-Year-Old Manufacturer
Acquiring Minds
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Challenges and Lessons in Buying a Bankrupt Business
The chapter shares insights on the difficulties and risks involved in buying a company out of bankruptcy. It emphasizes the importance of thorough assessment, avoiding certain mistakes like relying on friends and family for financing, and considering the impact on various stakeholders. The speaker reflects on their experience in buying a struggling business, managing a turnaround while balancing personal life, and the ongoing challenges faced in the current economic climate.
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