| Yeesh, I just went through my business files, and in the course of a year, I looked very closely at 18 businesses (spending several weeks on each one), conducted due diligence on 4, and bought 1. That's alot of nights and weekend time. Brokers and sellers will sell you the moon and tell you they have a risk free business, but with the 18 businesses I scrutinized, 16 of them had major problems that were hidden by the broker and seller. And they could only be found by digging through the books, multiple meetings with the sellers and brokers, talking with the customers, observing operations, calling competitors, etc.
On one of the business that I was looking at for three weeks, some idiot met with the seller for 45 minutes, only looked at the P&L published by the broker and seller, and paid full price on the business. That type of behavior is just asking for a bankruptcy.
__________________ Quote:
Originally Posted by spronk BSG in a nutshell: A bunch of white people (and an Indian) create some ugly robots and some sexy robots who kill each other. A few times. Then they fly around in space for a few years, God fucks around and kills off a fuckton of them, they put a bathtub in the bridge, an Angel types in the codes from Lost and they land on Earth 150,000 years ago so a 6 year old girl can fuck some ape-men and Baltar can be a farmer.
Its Planet of the Apes meets Hitchhikers Guide meets the Mormon religion! |
Last edited by Lyrical; 11-17-2008 at 05:37 PM..
|