20 Mar Acquiring Minds: Lessons from 24 Acquisition Nightmares
Jed Morris initially excelled in acquiring a landscaping business, first interning to mitigate risk. As owner, he was inundated with acquisition offers, envisioning rapid growth to $10 million. However, his second acquisition failed within a year, resulting in a $750,000 loss and forcing him to sell his house. Despite this, Jed maintained a resilient attitude. He then researched other failed acquisitions, identifying common patterns. He’s compiling this data into a book, “Buyer Beware,” aiming to provide crucial insights for aspiring business buyers.
