8 Figs or Bust: Transitioning a Big Plumbing Business
Acquiring Minds
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Navigating Working Capital Complexities in Business Acquisition
The chapter delves into the challenges of working capital in the construction industry when acquiring a business, stressing the importance of understanding deposits, progress billings, and retainage. It also discusses the strategic plans of the owner for the acquired plumbing business, aiming to double its size in five years and potentially sell it, while reflecting on the fulfillment of running the business.
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