The Importance of Having a Culture Conflict in a Business

If you are going to buy an owner managed business, keep the seller on for a period of time. You need to keep some flexibility as to how long that's going to be. It's always good to have that had over a period, but maybe not long term. I think the issues I've seen arise post completion arise from the fact that the old management team are crashing with new owners. In other circumstances, what you absolutely want is the old regime around for aperiod of time to bet customers in and employees in.