The con man refers to his target as a “mark” – easy prey to be exploited. Private Equity (PE) guys are too polite to refer to their victims in such pejorative terms, but, as I learned this week from a friend , PE firms now have a saying for a business owner who is an easy […]
Business Management Tips
Why Buy an Existing Business?
1. What are your biggest challenges right now? You want be aware of potential minefields, says Chet Walden, president and CEO of Walden Businesses, an Atlanta-based management and acquisitions firm. For example, if you’re buying a company that will need $1 million in capital improvements, he says, you need to learn that upfront while […]