POWERS

#301 - Emily Holdman - Managing Director @ Permanent Equity - How To Buy Great Businesses

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Aug 10, 2023
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ADVICE

Assessing Seller Readiness

  • Understand seller readiness by observing their actions and communication, not just their words.
  • Look for commitment beyond fishing expeditions and focus on direct owner communication.
ADVICE

The "I" vs. "We" Test

  • Watch out for "I" vs. "we" language when assessing a business owner's involvement.
  • Over-reliance on "I" suggests a key-man risk, which can be problematic for transitions.
INSIGHT

Adding Value Beyond Capital

  • Focus on industries and companies where you can add value beyond capital.
  • Understand the company's vision and how your expertise aligns with their needs.
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