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It's Not A Mid-Life Crisis: 2022 Annual Update
Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses
I Learned What Not to Do
Every time we buy a company, we in some ways do it poorly. We get the first $5 million of profits every year and that way, if the business shrinks, we still get $5 million. Instead of splitting $5 million to 70 30, we're just getting 100% of it. That works out very well for us, but the odd intent and consequences is that,. you know, if things don't go great, it makes for a rockier relationship with the people who own the other 30%. And how do we solve for that?
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