How to Survive Buying a Bad Business

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:

• Original case note from Yale about Judd's story
• 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 Team

Learn more about Walker Deibel's done-with-you buy-side advisory:

• The Acquisition Lab

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter