Finding a Good Business After 2+ Years of Searching
Acquiring Minds
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Decision-making, Red Flags, and a Broken Deal
This chapter explores the speaker's decision on where to live, their experience in searching for a good business, encountering red flags, and a broken deal in the residential services industry. It discusses the challenges faced during the negotiation process, the frustration in understanding the growing gross margins, and the fatal flaw of structuring the deal without fully understanding the liabilities and working capital involved.
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