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Yeah that's messed up. Any time you're buying anything, but especially a business, you need to do your due diligence. Perhaps I'm naive, but I think your risk
by alex_g 5y ago
Yeah that's messed up. Any time you're buying anything, but especially a business, you need to do your due diligence.
Perhaps I'm naive, but I think your risk in buying a business goes down if the current owner under-appreciates what they have, and you have the skills to do it better than them.
- iaw 5y ago> your risk in buying a business goes down if the current owner under-appreciates what they have This is completely true, my sentiment is more for the idea of a "turn-key business" acting like an annuity. I don't think every business for sale is going down but I think there's a large enough risk case that I'd rather avoid it.