26 Feb Acquiring Minds: How to Buy, Double & Exit a Turnaround (as a First-Timer) | Ben Rizzo Interview
Distressed businesses are not advisable for the first-time business buyer. Well today’s guest flouted that convention — and was rewarded for it. Ben Rizzo bought a 4th-generation elevator servicing business in Pittsburgh. The business was in the red, but when Ben took a close look at it, he jumped. It’s a lesson in looking beyond the P&L to understand the intrinsic value of a business. This interview is also a lesson in how to effect a successful turnaround. Ben shares in detail what was ailing the business and the cures he prescribed. And how, just 2 years later, he’d not only stabilized but doubled the business and… found a buyer, resulting in a life-changing outcome.
