It looked like a dream: $2m EBITDA, recurring, large market. Only after Judd Lorson bought it did he learn the truth. Topics in Judd's interview:
Searchfund accelerator pros & cons
Understanding investors' role in your acquisition
Importance of 100% transparency with employees (even pre-acquisition)
Debt collection business pros & cons
Discovery that he's acquired a bad business
Managing hostility with sellers
What is the proper attitude for buying a business?
How to resign as CEO the right way
Links & how to reach Judd:
The Acquiring Minds debate about Self-Funded Search vs. Traditional Search Funds

judd DOT lorson AT gmail
LinkedIn
Get complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:

YouTube channel (easy access to all past + future interviews)
Connect with host Will Smith on LinkedIn

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