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Name of author Rick Baker, P.Eng.

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Thought Tweet #523

by Rick Baker
On Jul 18, 2012

Thought Tweet #523 When you help people relax you have their attention...or, at least, a better chance to have it.

 

The Thinking Behind The Tweet

Most people lead hectic lives. Or, they think they do [and their perception is their reality]. When people think they are too busy, they are too busy. When people think they are relaxing, they cannot be thinking they are too busy. When people are not thinking they are too busy, we have a chance to catch their attention.

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Brain: about the Human Brain | Thought Tweets

Mistakes I have made buying and selling businesses

by Rick Baker
On Jul 18, 2012
Mistakes I've experienced, buying and selling businesses, more or less ranked in order from excruciating to awfully painful:
  1. Ignoring gut feel
  2. Not correcting over-valuation immediately 
  3. Believing accounting data & reports 
  4. Setting the wrong time expectations 
  5. Taking it personal
  6. Not getting to know key suppliers
  7. Not getting to know key clients
  8. Not getting to know key personnel
  9. Underestimating the cost to correct flawed operating systems
  10. Too much focus on EBITDA, not enough on cash flow
Now, I am committed to learning from my mistakes and helping others avoid some of the hardest knocks.

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Entrepreneur Thinking

Copyright © 2012. W.F.C (Rick) Baker. All Rights Reserved.