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Scott Duncan
Entrepreneur and former owner of F&M Tool & Die who recounts his seven-year self-funded SBA acquisition journey that ended in business closure, sharing lessons on customer concentration, key-person risk, and operational distress.
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Dec 11, 2025
• 1h 39min
The 7-Year Collapse of an SBA Acquisition
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Scott Duncan, an entrepreneur and former owner of F&M Tool & Die, shares his rollercoaster seven-year journey in acquiring a business that ultimately failed. He discusses the harsh realities of customer concentration risk and the challenges of managing a skilled but temperamental workforce. Scott reveals painful lessons on employee theft, operational distress, and financial strain during COVID. Despite the collapse, he highlights the relief and insights gained, considering the possibility of pursuing another acquisition in the future.
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