Richard S. Ruback

Royce Yudkoff, a Harvard business professor, and Richard S. Ruback, a corporate finance expert, delve into the world of entrepreneurship through acquisition. They argue that buying a small business can be less risky than starting a new venture. The duo shares essential traits for success, like grit and curiosity, and the emotional challenges of searching for the right business. They also highlight key strategies for evaluating businesses, understanding financing options, and the importance of a patient approach post-acquisition. Plus, they discuss the benefits of pursuing acquisitions in emerging markets.

Royce Yudkoff, a Harvard management expert and former private equity co-founder, joins Richard S. Ruback, a corporate finance specialist. They explore the appeal of buying small businesses as a safer alternative to startups, emphasizing practical steps for success. Learn about the traits needed for entrepreneurial success, how to find businesses for sale, and the importance of thorough due diligence. They share insights on valuation norms and managing a newly acquired business, offering listeners a well-rounded guide to taking charge of their entrepreneurial journey.