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Navigating Small Business Acquisitions
This chapter explores the complexities and common pitfalls of acquiring small businesses, particularly in the $1 to $10 million EBITDA range. The importance of humility, recognizing limitations, and fostering genuine connections within teams is emphasized, alongside insights on investment strategies within resilient industries. The discussion includes lessons learned from past experiences, shedding light on the significance of competent management and deliberate hiring in successful business acquisitions.