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What is the biggest challenge when acquiring companies?

Apr 27, 2016 posted by Eric Gilboord - WarrenBDC

13

How have you overcome this?

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Reply from Nunzio Presta

Added on May 02, 2016 13:11

Awesome input Jeremy and Melissa! Thanks for engaging with BizCHATTER!

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Reply from Jeremy Leager

Added on Apr 27, 2016 20:26

I think the biggest challenge is financial accuracy & valuation! Connecting with professionals such as accountants and Chartered Business Valuators really helped. Also, BizON was a great starting point! Great question Eric! PS What do you do at WarrenBDC?

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Reply from Melissa Howard

Added on Apr 27, 2016 20:31

I'm with ^ Jeremy! I would also add this: A challenge when acquiring a company was ensuring the seller would stay on (3-6 months) in order to help transition the business properly and ensure staffing was in the loop! Other than that...buying an existing business was the best decision I've made in my life!

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Reply from James C

Added on May 04, 2016 13:27

Great questions! Looking forward to seeing more responses :)