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Navigating Failure: Buying a $5m+ Business that Collapses

Acquiring Minds

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Introduction

John I. Callowich tried to buy an automotive hail repair business with 2 million in earnings and selling for only a 2x multiple. The next two years would see John pounded by crisis after crisis, culminating in the decision to shutter the business. "This trial forced John to confront his pride, his sense of self-worth," says Acquiring Minds host David Perry.

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